Peoples Ltd. Announces Fourth Quarter and Annual 2023 Financial Results [Yahoo! Finance]
PEOPLES LTD (PPLL)
NASDAQ:AMEX Investor Relations:
peoples.com/peoples/footer/about-people's-united/investor-relations
Company Research
Source: Yahoo! Finance
the fourth quarter 2023 and annual 2023 financial results for the year ending December 31, 2023 For the quarter ended December 31, 2023 , net income totaled which compares to for the fourth quarter 2022. This represents a decrease of 6.3% or . Earnings per share of compares to fourth quarter 2022 of per share. Net income of for the year ending 2023, or earnings per share, reflects a 4.9% increase in net income from the year ending December 31, 2022 of , or per share. Return on assets was 1.39% as of December 31, 2023 compared to 1.37% in 2022. Return on equity was 16.66% as of December 31, 2023 compared to year-end 2022 of 16.42%. As of December 31, 2023 , total assets were representing a decrease of or 2.5% over year-end 2022. Total deposits decreased 6.5% or to . Net loans increased 11.6% or to as of December 31, 2023 "In 2023 PS Bank recognized a record year for net income, despite the numerous challenges faced throughout the year, including rapidly rising interest rates, c
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