#United States #Peoples Financial #Peoples Bank #PFBX #Biloxi

Peoples Financial Corporation Declares Regular and Special Dividends

BILOXI, Mississippi — November 26, 2024 — Peoples Financial Corporation, the parent company of The Peoples Bank, has recently announced the declaration of a semi-annual cash dividend of $0.18 per common share and an additional special dividend of $0.08 per common share, totaling $0.26 per share payable on December 13, 2024. This dividend will be issued to shareholders recorded as of December 9, 2024.

Chevis C. Swetman, Chairman and CEO of Peoples Financial, expressed the company's satisfaction with its ongoing financial improvement. He stated, "We are pleased with our continuing financial improvement, to announce a regular and special dividend to our shareholders. We remain dedicated to returning earnings to our shareholders."

Company Overview
Founded in 1896, Peoples Financial Corporation operates The Peoples Bank, which boasts total assets of $814 million as reported on September 30, 2024. The Bank has established 18 facilities along the Mississippi Gulf Coast, encompassing Hancock, Harrison, Jackson, and Stone counties. It offers a myriad of retail and commercial banking services alongside its trust and investment services department, which has catered to customers with financial, estate, and retirement planning since 1936.

The company's recent financial year has been impressive, marking its third-best year for earnings. Moreover, it was honored as part of the 2024 OTCQX Best 50, a ranking acknowledging the performance of top OTCQX companies from the previous calendar year.

Peoples Financial Corporation is publicly listed under the symbol PFBX on the OTCQX Best Market. For further details, interested parties can visit the company’s official website at www.thepeoples.com or the Securities and Exchange Commission's website (www.sec.gov).

Forward-Looking Statements
The announcement includes forward-looking statements regarding the company's anticipated financial performance and objectives. These projections are subject to a series of risks and uncertainties that might prompt actual outcomes to differ significantly from expected results. Critical factors influencing these projections can be found in the company's annual report and other legally required filings with the SEC.

In conclusion, the dividends represent not only a reward for the shareholders but also a testament to the company's resilience and effective management. As Peoples Financial Corporation continues to navigate its path in the financial sector, shareholders can look forward to stable returns as well as growth opportunities in the near future.