Peoples Financial Services Corp. Declares Quarterly Dividend

TL;DR

PFSC declared a $0.22/share dividend, payable April 12th. Keep holding.

AI Summary

Peoples Financial Services Corp. announced on March 13, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.22 per share. This dividend is payable on April 12, 2024, to shareholders of record as of April 5, 2024. The company is based in Scranton, Pennsylvania.

Why It Matters

This dividend declaration indicates the company's continued financial stability and commitment to returning value to its shareholders.

Risk Assessment

Risk Level: low — The filing is a routine dividend declaration, which typically carries low risk.

Key Numbers

• $0.22 — Quarterly Dividend Per Share (Amount to be paid to shareholders)

Key Players & Entities

• Peoples Financial Services Corp. (company) — Registrant
• $0.22 (dollar_amount) — Quarterly cash dividend per share
• March 13, 2024 (date) — Declaration date
• April 12, 2024 (date) — Payment date
• April 5, 2024 (date) — Record date

FAQ

Key Financial Figures

• $2.00 — nge on which registered Common Stock, $2.00 par value PFIS The Nasdaq Stock Mar
• $4.15 — and relied upon by D.A. Davidson, were $4.15 and $3.26, respectively. The estimated
• $3 — d upon by D.A. Davidson, were $4.15 and $3.26, respectively. The estimated long-te
• $0 — and relied upon by D.A. Davidson, were $0.74, $0.70, and $0.81, respectively. The
• $1.64 — rovided an estimated annual dividend of $1.64 for each of the years ending December 3
• $3.26 — d by Peoples' management, are $4.15 and $3.26 earnings per share, respectively. The e
• $1.0 billion — nge or Nasdaq; (iii) had assets between $1.0 billion and $5.0 billion; and (iv) were not pen
• $5.0 billion — ii) had assets between $1.0 billion and $5.0 billion; and (iv) were not pending merger targe
• $10.0 billion — ii) had assets between $1.0 billion and $10.0 billion; and (iv) were not pending merger targe

Filing Documents

• tm248669d1_8k.htm (8-K) — 382KB
• 0001104659-24-034012.txt ( ) — 578KB
• pfis-20240313.xsd (EX-101.SCH) — 3KB
• pfis-20240313_lab.xml (EX-101.LAB) — 33KB
• pfis-20240313_pre.xml (EX-101.PRE) — 22KB
• tm248669d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events On September 27, 2023, Peoples Financial Services Corp., a Pennsylvania corporation ("Peoples"), and FNCB Bancorp, Inc., a Pennsylvania corporation ("FNCB"), entered into an Agreement and Plan of Merger (the "merger agreement"). The merger agreement provides that, upon the terms and subject to the conditions set forth therein, FNCB will merge with and into Peoples, with Peoples as the surviving entity (the "merger"). The merger agreement further provides that immediately following the merger, FNCB Bank, a Pennsylvania-chartered bank and a wholly-owned direct subsidiary of FNCB ("FNCB Bank"), will merge with and into Peoples Security Bank and Trust Company, a Pennsylvania chartered bank and a wholly-owned subsidiary of Peoples ("Peoples Bank"), with Peoples Bank as the surviving bank (the "bank merger") and a wholly-owned subsidiary of Peoples. The merger agreement was unanimously approved by the board of directors of each of Peoples and FNCB. The merger is expected to close in the third quarter of 2024, subject to satisfaction of customary closing conditions, including regulatory approvals and shareholder approval from both Peoples and FNCB shareholders. This Current Report on Form 8-K (this "Form 8-K") supplements disclosures included in the joint proxy statement/prospectus (the "joint proxy statement/prospectus") filed by Peoples with the U.S. Securities and Exchange Commission (the "SEC") included in the Registration Statement on Form S-4, dated November 22, 2023 (File No. 333-275722), as amended by Amendment No. 1, dated January 22, 2024, which was declared effective by the SEC on January 24, 2024 (as amended and declared effective, the "Registration Statement on Form S-4"). Peoples and FNCB mailed the joint proxy statement/prospectus to their respective shareholders on or about January 25, 2024. The information contained in this Form 8-K is incorporated by reference into the joint proxy statement/prospectus and should be read in conjun

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View this 8-K filing on SEC EDGAR