Peoples Ltd. Reports Strong Second Quarter Performance and Financial Growth

Peoples Ltd. Delivers Impressive Second Quarter Results

Peoples Ltd. (OTC:PPLL), the parent company of PS Bank, recently revealed its outstanding financial results for the second quarter of 2025. President and CEO Anthony J. Gabello shared that the company achieved a net income of $2,232,000, equating to $1.29 per share. This impressive figure marks a remarkable increase of 24.95% compared to the same quarter in 2024, where net income stood at $1,787,000.

Moreover, the year-to-date consolidated net income reached $4,300,000, leading to earnings per share of $2.49. This reflects a growth of 25.17% from the prior year's first half, when the income was $3,436,000 or $1.99 per share. The increasing interest income from robust loan growth and effective management of interest expenses contributed significantly to this positive financial trend despite a rise in salaries and operational costs for the initial half of the year.

The company's return on assets for the year reached 1.46% as of June 30, 2025, an improvement from 1.29% during the same timeframe in 2024. Furthermore, the return on average equity increased to 15.15%, up from 14.09% from the previous year.

In terms of overall growth, Peoples Ltd. reported a total asset increase of 5.88% to $616,221,000, up from $581,946,000 at the end of 2024. Deposits also surged, climbing 5.89% to $540,735,000 as compared to $510,640,000 at the close of last year. The company's loans rose by 7.09%, moving from $379,388,000 at year-end 2024 to $406,283,000 at the mid-2025 mark, largely driven by gains in commercial lending.

Gabello commented on the strong financial performance, stating, "Our bank continued to excel in the second quarter, achieving a net income increase of nearly 25%. We also saw commendable growth in our balance sheet, with both loans and deposits expanding, marking our crossing the $600 million threshold in total assets for the first time."

Additionally, Gabello noted the positive reception of the recently opened Keyser Village Office in Scranton, which is helping to strengthen the bank's presence in the Lackawanna County area. The second quarter also saw the achievement of a two-for-one stock split, a move perceived favorably by shareholders. Gabello reaffirmed the bank's commitment to serving its community, emphasizing that the focus remains on shareholders, customers, and regional development.

This press release also contains forward-looking statements as outlined by the Private Securities Litigation Reform Act of 1995. The actual results may vary from projections due to various operational, legal, and competitive factors.

As a proud independent community bank established in 1914, PS Bank operates across Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties. For more information about PS Bank, visit PSBanking.com.