Peoples Financial Services: 2Q Earnings Snapshot

SCRANTON, Pa. (AP) _ Peoples Financial Services Corp. (PFIS) on Friday reported second-quarter earnings of $7.6 million.

The bank, based in Scranton, Pennsylvania, said it had earnings of $1.03 per share.

The holding company for Peoples Security Bank and Trust posted revenue of $27.3 million in the period. Its revenue net of interest expense was $23.9 million, exceeding Street forecasts.

Peoples Financial Services shares have decreased 28% since the beginning of the year. The stock has dropped 21% in the last 12 months.


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The Associated Press

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