{"success":true,"data":{"pressRelease":{"id":"7318","rtpr_id":"nPn5SD8jKa","ticker":"PPLL","exchange":"OTC","all_tickers":["PPLL"],"title":"Peoples Ltd. Announces First Quarter Results","author":"PR Newswire","published_at":"2026-04-23T17:57:40.420Z","article_body":"Peoples Ltd. Announces First Quarter Results\n\nPR Newswire\n\nWYALUSING, Pa., April 23, 2026\n\nWYALUSING, Pa., April 23, 2026 /PRNewswire/ -- Peoples Ltd. (OTC: PPLL)\nAnthony J. Gabello, President and Chief Executive Officer of Peoples Ltd.,\nholding company for PS Bank, has announced results for the first quarter 2026.\n\n(https://mma.prnewswire.com/media/2398916/Peoples_Ltd_Logo.html)\n\nConsolidated net income year-to-date was $3,149,000 or $1.73 earnings per\nshare versus net income for the first quarter 2025 of $2,068,000 or $1.14 per\nshare. Net income for the first quarter of 2026 increased 52.27% from the\nfirst quarter of 2025.\n\nYear-to-date return on assets was 1.95% as of March 31, 2026 compared to 1.43%\nfor the same period in 2025. Year-to-date return on equity was 18.68% as of\nMarch 31, 2026 compared to the prior year-to-date of 14.90%.\n\nTotal assets increased 3.38% to $663,599,000 from $641,890,000 as of December\n31, 2025. Deposits increased 3.40% to $578,857,000 compared to $559,785,000 as\nof December 31, 2025. Total loans increased 1.24% from $425,085,000 year-end\n2025 to $430,363,000 as of March 31, 2026. Loan growth in the first quarter\nwas impacted by several large loan payoffs associated with business sales in\nlate first quarter. The bank's loans-to-deposits ratio was 74.35%.\n\n\"We continued to build on the successes of 2025 in the first quarter of 2026,\nwith continued balance sheet growth and growth in net income. The bank\ncontinues to benefit from loan growth, loan repricings, investment portfolio\nrepricings, growth of noninterest bearing deposits and controlled interest\nexpense levels, which have more than offset increases in personnel and other\nexpenses necessary due to our continued growth.\n\nDuring the first quarter the bank utilized an investment security redemption\ngain of $346,000 to offset the sale and reinvestment of several\nunderperforming securities, resulting in a net gain of $60,000 after\ndisposition. This repositioning will result in enhanced investment earnings\ngoing forward.\n\nOur Scranton office celebrated its first anniversary in March and has exceeded\nour initial projections, resulting in a positive impact on our financial\nperformance. Additionally, our indirect lending program has experienced\nprudent growth and increased profitability as it nears completion of its\nsecond year at the bank.\n\nWe have seen quarterly improvement from the fourth quarter of 2025, with\nquarterly net income increasing by 12.6%, Return on Average Assets increasing\nfrom 1.67% to 1.95%, and Return on Average Equity increasing from 16.94% to\n18.68%.\n\nWe continue to position the bank for continued success while we build the\ninfrastructure necessary for sustained growth in 2026 and beyond. As a\ncommunity bank, we diligently work to do what we do best – banking for our\ncommunities. We remain focused on our customers, our communities, and our\nshareholders,\" stated Gabello.\n\nNote: This press release may contain forward looking statements as defined in\nthe Private Securities Litigation Reform Act of 1995. Actual results and\ntrends could differ materially from those set forth in such statements due to\nvarious factors. These factors include operating, legal and regulatory risks;\nchanging economic and competitive conditions and other risks and\nuncertainties.\n\nPeoples Ltd. is the holding company for PS Bank. PS Bank is an independent\ncommunity bank, established 1914, with locations throughout Bradford,\nSullivan, Wyoming, Lackawanna, and Susquehanna counties. Stock of Peoples Ltd.\nis traded in the Over-the-Counter market under the symbol PPLL. Learn more\nabout PS Bank at www.PSBanking.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4672164-1&h=2037204057&u=https%3A%2F%2Fwww.psbanking.com%2F&a=www.PSBanking.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/peoples-ltd-announces-first-quarter-results-302752138.html\n(https://www.prnewswire.com/news-releases/peoples-ltd-announces-first-quarter-results-302752138.html)\n\nSOURCE Peoples Ltd.\n\n\n\nMarguerite Donato, CFO, (570) 746-8786\n\nPhoto: \nhttps://mma.prnewswire.com/media/2398916/Peoples_Ltd_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5SD8jKa","title":"Peoples Ltd. Announces First Quarter Results","author":"PR Newswire","ticker":"PPLL","created":"2026-04-23T17:57:40.420Z","tickers":["PPLL"],"exchange":"OTC","article_body":"Peoples Ltd. Announces First Quarter Results\n\nPR Newswire\n\nWYALUSING, Pa., April 23, 2026\n\nWYALUSING, Pa., April 23, 2026 /PRNewswire/ -- Peoples Ltd. (OTC: PPLL)\nAnthony J. Gabello, President and Chief Executive Officer of Peoples Ltd.,\nholding company for PS Bank, has announced results for the first quarter 2026.\n\n(https://mma.prnewswire.com/media/2398916/Peoples_Ltd_Logo.html)\n\nConsolidated net income year-to-date was $3,149,000 or $1.73 earnings per\nshare versus net income for the first quarter 2025 of $2,068,000 or $1.14 per\nshare. Net income for the first quarter of 2026 increased 52.27% from the\nfirst quarter of 2025.\n\nYear-to-date return on assets was 1.95% as of March 31, 2026 compared to 1.43%\nfor the same period in 2025. Year-to-date return on equity was 18.68% as of\nMarch 31, 2026 compared to the prior year-to-date of 14.90%.\n\nTotal assets increased 3.38% to $663,599,000 from $641,890,000 as of December\n31, 2025. Deposits increased 3.40% to $578,857,000 compared to $559,785,000 as\nof December 31, 2025. Total loans increased 1.24% from $425,085,000 year-end\n2025 to $430,363,000 as of March 31, 2026. Loan growth in the first quarter\nwas impacted by several large loan payoffs associated with business sales in\nlate first quarter. The bank's loans-to-deposits ratio was 74.35%.\n\n\"We continued to build on the successes of 2025 in the first quarter of 2026,\nwith continued balance sheet growth and growth in net income. The bank\ncontinues to benefit from loan growth, loan repricings, investment portfolio\nrepricings, growth of noninterest bearing deposits and controlled interest\nexpense levels, which have more than offset increases in personnel and other\nexpenses necessary due to our continued growth.\n\nDuring the first quarter the bank utilized an investment security redemption\ngain of $346,000 to offset the sale and reinvestment of several\nunderperforming securities, resulting in a net gain of $60,000 after\ndisposition. This repositioning will result in enhanced investment earnings\ngoing forward.\n\nOur Scranton office celebrated its first anniversary in March and has exceeded\nour initial projections, resulting in a positive impact on our financial\nperformance. Additionally, our indirect lending program has experienced\nprudent growth and increased profitability as it nears completion of its\nsecond year at the bank.\n\nWe have seen quarterly improvement from the fourth quarter of 2025, with\nquarterly net income increasing by 12.6%, Return on Average Assets increasing\nfrom 1.67% to 1.95%, and Return on Average Equity increasing from 16.94% to\n18.68%.\n\nWe continue to position the bank for continued success while we build the\ninfrastructure necessary for sustained growth in 2026 and beyond. As a\ncommunity bank, we diligently work to do what we do best – banking for our\ncommunities. We remain focused on our customers, our communities, and our\nshareholders,\" stated Gabello.\n\nNote: This press release may contain forward looking statements as defined in\nthe Private Securities Litigation Reform Act of 1995. Actual results and\ntrends could differ materially from those set forth in such statements due to\nvarious factors. These factors include operating, legal and regulatory risks;\nchanging economic and competitive conditions and other risks and\nuncertainties.\n\nPeoples Ltd. is the holding company for PS Bank. PS Bank is an independent\ncommunity bank, established 1914, with locations throughout Bradford,\nSullivan, Wyoming, Lackawanna, and Susquehanna counties. Stock of Peoples Ltd.\nis traded in the Over-the-Counter market under the symbol PPLL. Learn more\nabout PS Bank at www.PSBanking.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4672164-1&h=2037204057&u=https%3A%2F%2Fwww.psbanking.com%2F&a=www.PSBanking.com)\n.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/peoples-ltd-announces-first-quarter-results-302752138.html\n(https://www.prnewswire.com/news-releases/peoples-ltd-announces-first-quarter-results-302752138.html)\n\nSOURCE Peoples Ltd.\n\n\n\nMarguerite Donato, CFO, (570) 746-8786\n\nPhoto: \nhttps://mma.prnewswire.com/media/2398916/Peoples_Ltd_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-23T17:57:40.478797667Z","server_sent_at_ms":1776967060478},"received_at":"2026-04-23T17:57:40.539Z","source_url":null},"analysis":{"id":"5497","press_release_id":"7318","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"earnings","narrative":"Peoples Ltd. reported first-quarter net income of $3.15 million, or $1.73 per share, a 52.3% increase from the prior year, driven by loan and deposit growth.\n\nYear-to-date return on assets improved to 1.95% and return on equity rose to 18.68%, supported by a 3.4% increase in deposits and controlled interest expense.\n\nManagement highlighted the success of the new Scranton office and growth in the indirect lending program as key contributors to the quarterly performance.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Net income jumps 52% YoY on improved margins and balance sheet expansion."},"keyFigures":{"eps":1.73,"customDimensions":{"roa":"1.95%","roe":"18.68%","net_income":"$3,149,000","total_loans":"$430,363,000","total_assets":"$663,599,000","total_deposits":"$578,857,000","net_income_yoy_growth":"52.27%"}},"quotedText":"We continued to build on the successes of 2025 in the first quarter of 2026, with continued balance sheet growth and growth in net income.","namedEntities":{"people":[{"name":"Anthony J. Gabello","role":"President and Chief Executive Officer"},{"name":"Marguerite Donato","role":"CFO"}],"products":["indirect lending program"],"companies":[{"name":"Peoples Ltd.","ticker":"PPLL"},{"name":"PS Bank","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3,149,000","context":"Consolidated net income year-to-date"},{"amount":"$663,599,000","context":"Total assets as of March 31, 2026"},{"amount":"$578,857,000","context":"Deposits as of March 31, 2026"},{"amount":"$430,363,000","context":"Total loans as of March 31, 2026"},{"amount":"$346,000","context":"investment security redemption gain"}]},"materialImpact":{"score":3,"reasoning":"Strong year-over-year net income growth of 52% and improvements in ROA and ROE indicate solid operational performance, though lack of consensus data prevents quantifying a market surprise."},"tickerRelevance":{"others":[],"primary":"PPLL"},"eventTypeSecondary":[]},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Peoples Ltd. reported first-quarter net income of $3.15 million, or $1.73 per share, a 52.3% increase from the prior year, driven by loan and deposit growth.\n\nYear-to-date return on assets improved to 1.95% and return on equity rose to 18.68%, supported by a 3.4% increase in deposits and controlled interest expense.\n\nManagement highlighted the success of the new Scranton office and growth in the indirect lending program as key contributors to the quarterly performance.","key_figures":{"eps":1.73,"customDimensions":{"roa":"1.95%","roe":"18.68%","net_income":"$3,149,000","total_loans":"$430,363,000","total_assets":"$663,599,000","total_deposits":"$578,857,000","net_income_yoy_growth":"52.27%"}},"named_entities":{"people":[{"name":"Anthony J. Gabello","role":"President and Chief Executive Officer"},{"name":"Marguerite Donato","role":"CFO"}],"products":["indirect lending program"],"companies":[{"name":"Peoples Ltd.","ticker":"PPLL"},{"name":"PS Bank","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$3,149,000","context":"Consolidated net income year-to-date"},{"amount":"$663,599,000","context":"Total assets as of March 31, 2026"},{"amount":"$578,857,000","context":"Deposits as of March 31, 2026"},{"amount":"$430,363,000","context":"Total loans as of March 31, 2026"},{"amount":"$346,000","context":"investment security redemption gain"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-23T22:59:29.652Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:55.092Z"}},"durationMs":93886,"modelName":"glm-4.7"}}