Peoples Financial Services, FNCB Bancorp Agree To Combine In An All-stock Strategic Merger Valued At $129.0M

9/27/23 5:18:36 PM ET

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$PFIS

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Upon the completion of the merger, the FNCB shareholders would receive 0.1460 shares of Peoples common stock for each share of FNCB common stock they own. The deal resultis in an implied price per share to holders of FNCB Common Stock of approximately $6.44 per share. The transaction is projected to deliver 59% EPS accretion to Peoples 2025 estimated EPS and inclusive of all merger synergies, with a tangible book value earn-back period of 2.4 years.

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Recent Analyst Ratings for
$FNCB
$PFIS

Company	Date	Price Target	Rating	Analyst
Peoples Financial Services Corp. $PFIS	11/11/2024	$48.00 → $53.00	Market Perform	Hovde Group
Peoples Financial Services Corp. $PFIS	5/6/2024	$48.00 → $43.00	Market Perform	Hovde Group
Peoples Financial Services Corp. $PFIS	7/27/2022	$56.00	Overweight → Equal-Weight	Stephens
Peoples Financial Services Corp. $PFIS	3/29/2022	$57.00	Overweight	Stephens

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PEOPLES FINANCIAL SERVICES CORP. Reports Unaudited Third Quarter and Year to Date 2024 Earnings
SCRANTON, Pa., Nov. 5, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and nine months ended September 30, 2024. Peoples reported a net loss of $4.3 million, or $0.43 per diluted share for the three months ended September 30, 2024, compared to net income of $6.7 million, or $0.95 per diluted share for the comparable period of 2023. Quarterly net income decreased primarily due to the non-recurring
11/5/24 6:52:00 PM ET
$PFIS
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PEOPLES FINANCIAL SERVICES CORP. Announces Update to Succession Plans
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- On October 25, 2024, the board of directors of Peoples Financial Services Corp. (the "Company") and Craig W. Best mutually agreed that Mr. Best would cease serving as Chief Executive Officer and director of the Company and its banking subsidiary, Peoples Security Bank and Trust Company (the "Bank"), effective December 31, 2024. The Company consummated a merger with FNCB Bancorp, Inc. on July 1, 2024, and it had been contemplated that Mr. Best would remain as an officer of the Company and the Bank through the first anniversary of the
10/25/24 4:05:00 PM ET
$PFIS
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PEOPLES FINANCIAL SERVICES CORP. Declares Fourth Quarter 2024 Dividend
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a fourth quarter cash dividend of $0.6175 per share. The dividend is payable December 13, 2024 to shareholders of record November 29, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the fourth quarter of 2023. Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, an independent community bank serving its retail and commercial cust
10/25/24 1:22:00 PM ET
$PFIS
Major Banks
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PEOPLES FINANCIAL SERVICES CORP. Reports Unaudited Third Quarter and Year to Date 2024 Earnings
SCRANTON, Pa., Nov. 5, 2024 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples" or the "Company") (NASDAQ:PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and nine months ended September 30, 2024. Peoples reported a net loss of $4.3 million, or $0.43 per diluted share for the three months ended September 30, 2024, compared to net income of $6.7 million, or $0.95 per diluted share for the comparable period of 2023. Quarterly net income decreased primarily due to the non-recurring
11/5/24 6:52:00 PM ET
$PFIS
Major Banks
Finance
PEOPLES FINANCIAL SERVICES CORP. Declares Fourth Quarter 2024 Dividend
SCRANTON, Pa., Oct. 25, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a fourth quarter cash dividend of $0.6175 per share. The dividend is payable December 13, 2024 to shareholders of record November 29, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the fourth quarter of 2023. Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, an independent community bank serving its retail and commercial cust
10/25/24 1:22:00 PM ET
$PFIS
Major Banks
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PEOPLES FINANCIAL SERVICES CORP. Declares 50.6% Increase in Third Quarter 2024 Dividend
SCRANTON, Pa., July 26, 2024 /PRNewswire/ -- The Board of Directors of Peoples Financial Services Corp. ("Peoples") (NASDAQ:PFIS) declared a third quarter cash dividend of $0.6175 per share. The dividend is payable September 13, 2024 to shareholders of record August 30, 2024. The dividend of $0.6175 per share represents an increase of 50.6% compared to the dividend declared in the second quarter of 2024 and the third quarter in the prior year. On July 1, 2024, Peoples completed the previously announced merger of FNCB Bancorp, Inc. ("FNCB") with and into Peoples. The increase to the dividend was contemplated as part of the Agreement and Plan of Merger between Peoples and FNCB.
7/26/24 11:49:00 AM ET
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Peoples Financial Services, FNCB Bancorp Agree To Combine In An All-stock Strategic Merger Valued At $129.0M

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Recent Analyst Ratings for $FNCB$PFIS

$FNCB$PFIS Press Releases

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PEOPLES FINANCIAL SERVICES CORP. Reports Unaudited Third Quarter and Year to Date 2024 Earnings

PEOPLES FINANCIAL SERVICES CORP. Announces Update to Succession Plans

PEOPLES FINANCIAL SERVICES CORP. Declares Fourth Quarter 2024 Dividend

$FNCB$PFIS Analyst Ratings

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Hovde Group reiterated coverage on Peoples Financial Services with a new price target

Hovde Group reiterated coverage on Peoples Financial Services with a new price target

Peoples Financial Services downgraded by Stephens with a new price target

$FNCB$PFIS Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by FNCB Bancorp Inc.

SEC Form SC 13D/A filed by FNCB Bancorp Inc. (Amendment)

$FNCB$PFIS Leadership Updates

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Peoples Financial Services Corp. Announces the Appointment of Elisa (Lisa) Zúñiga Ramirez to its Board of Directors

FNCB Bank Appoints James F. Burke Executive Vice President, Chief Banking Officer

$FNCB$PFIS SEC Filings

SEC Form 10-Q filed by Peoples Financial Services Corp.

SEC Form NT 10-Q filed by Peoples Financial Services Corp.

Peoples Financial Services Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$FNCB$PFIS Insider Trading

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CEO Best Craig W sold $295,586 worth of shares (5,659 units at $52.23) (SEC Form 4)

Director Lochen Richard S Jr bought $5,312 worth of shares (122 units at $43.54), increasing direct ownership by 0.78% to 15,677 units (SEC Form 4)

Director Lochen Richard S Jr bought $43,903 worth of shares (1,000 units at $43.90), increasing direct ownership by 8% to 15,555 units (SEC Form 4)

$FNCB$PFIS Financials

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$FNCB$PFIS Market Insights

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PEOPLES FINANCIAL SERVICES CORP. Reports Unaudited Third Quarter and Year to Date 2024 Earnings

PEOPLES FINANCIAL SERVICES CORP. Declares Fourth Quarter 2024 Dividend

PEOPLES FINANCIAL SERVICES CORP. Declares 50.6% Increase in Third Quarter 2024 Dividend

Stephens & Co. Maintains Equal-Weight on Peoples Financial Servs, Lowers Price Target to $47

FNCB Bancorp Q1 EPS $0.18 Up From $0.14 YoY

Peoples Financial Servs Q1 EPS $0.55 Misses $0.65 Estimate

$FNCB$PFIS Insider Purchases

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Director Lochen Richard S Jr bought $5,312 worth of shares (122 units at $43.54), increasing direct ownership by 0.78% to 15,677 units (SEC Form 4)

Director Lochen Richard S Jr bought $43,903 worth of shares (1,000 units at $43.90), increasing direct ownership by 8% to 15,555 units (SEC Form 4)

Director Conaboy William P bought $107,706 worth of shares (2,208 units at $48.78), increasing direct ownership by 213% to 3,246 units (SEC Form 4)

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