Peoples Financial Corp Announces Dividend Increase
News related to:Peoples Financial Corporation · 3 min read
BILOXI, Miss., Oct. 28, 2026 /CourierPR/ -- Peoples Financial Corporation, the parent of The Peoples Bank, has reported its third quarter 2026 earnings and announced a 5.6% increase in its regular semi-annual cash dividend. The dividend, now set at $0.19 per common share, will be payable on November 13, 2026, to shareholders of record as of November 10, 2026.
The third quarter earnings saw a significant increase of $473,000 to $1,116,000, compared to the $643,000 reported in the third quarter of 2025. The earnings per weighted average common share for the third quarter of 2026 were $0.24, up from $0.14 in the third quarter of 2025. This growth reflects the bank's strong financial performance and commitment to its shareholders.
The Bank's leadership remains committed to maintaining high asset quality. The Bank has seen significant loan growth during the nine months ended September 30, 2026, which reflects the strength of the markets, the effectiveness of the lending team, and the Bank's ability to expand earning assets while preserving credit quality.
In addition to the dividend increase, the Bank has also reported a 5.6% increase in its regular semi-annual cash dividend. The dividend, now set at $0.19 per common share, will be payable on November 13, 2026, to shareholders of record as of November 10, 2026.
The Bank's leadership remains committed to maintaining high asset quality. The Bank has seen significant loan growth during the nine months ended September 30, 2026, which reflects the strength of the markets, the effectiveness of the lending team, and the Bank's ability to expand earning assets while preserving credit quality.
The Bank's leadership has maintained a strong focus on asset quality, closely monitoring economic conditions, including interest-rate changes. The Bank's leadership believes this focus has contributed to the Bank's strong financial performance.
The Bank's leverage ratio has not been impacted by these unrealized losses on available for sale securities due to an opt-out election previously made by the Bank in accordance with current regulatory capital requirements and therefore remained strong at 14.89% as of September 30, 2026.
The Bank's leadership has maintained a strong focus on liquidity, with the Company evaluating various moderate to severe economic scenarios on an ongoing and continuous basis. As of September 30, 2026, total deposits have increased $41,722,000 to $646,151,000 from $604,429,000 as of December 31, 2025. This increase is mainly due to the addition of public fund deposits during the third quarter of 2026.
Founded in 1896, with $776 million in total assets as of September 30, 2026, The Peoples Bank operates 18 bank facilities along the Mississippi Gulf Coast in Hancock, Harrison, Jackson, and Stone counties. The Bank provides a comprehensive range of retail and commercial banking services, as well as trust and investment services, which have been providing customers with financial, estate, and retirement planning services since 1936.
Peoples Financial Corporation's common stock is listed on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at the Company's website, www.thepeoples.com, and at the website of the Securities and Exchange Commission ("SEC"), www.sec.gov.
The Bank's leadership remains committed to maintaining high asset quality, closely monitoring economic conditions, including interest-rate changes. The Bank's leadership believes this focus has contributed to the Bank's strong financial performance. The Bank's leadership has maintained a strong focus on asset quality, closely monitoring economic conditions, including interest-rate changes. The Bank's leadership believes this focus has contributed to the Bank's strong financial performance.