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Stock impact report

Peoples Financial Corporation Reports Results For First Quarter Of 2019 And Announces Dividend

PEOPLES FINCL CORP MISS (PFBX) 
Company Research Source: PR Newswire
BILOXI, Miss., April 24, 2019 /PRNewswire/ -- Peoples Financial Corporation (OTCQX Best Market: PFBX), parent of The Peoples Bank, announced earnings for the first quarter ending March 31, 2019.  Additionally, the company declared a cash dividend of $ 0.01 per common share, payable May 10, 2019 to shareholders of record as of May 6, 2019.The company reported net income of $405,000 for the first quarter of 2019 compared to net income of $292,000 for the first quarter of 2018, which is a 39% increase. Favorably impacting first quarter of 2019 results was the payoff of a $1.475 million nonaccrual loan which resulted in the recovery of $135,000 of interest income.  Earnings per weighted average common share for the first quarter of 2019 were $0.08 compared to $0.06 for the first quarter 2018. Per share figures are based on weighted average common shares outstanding of 4,943,186 and 5,080,514 for the quarters ended March 31, 2019 and 2018, respectively.  Provision for loan losses during th Show less Read more
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