Peoples Financial Services (PFIS) investor relations material

Executive summary

• Net income for Q4 2025 was $12.0 million ($1.19 per diluted share), down from $15.2 million in Q3 2025 but up from $6.1 million in Q4 2024, impacted by a $2.2 million pre-tax loss on securities repositioning.

• Full-year 2025 net income was $59.2 million ($5.88 per diluted share), a significant increase from $8.5 million in 2024, driven by the FNCB merger and lower credit loss provisions.

• Core net income (non-GAAP) for Q4 2025 was $13.7 million ($1.36 per share), and for the year was $61.1 million ($6.07 per share).

Financial highlights

• Net interest income (FTE) for Q4 2025 rose to $43.7 million from $39.2 million in Q4 2024; full-year 2025 was $168.7 million, up from $118.4 million in 2024.

• Noninterest income for Q4 2025 was $3.7 million, down from $5.5 million in Q4 2024 due to a $2.2 million loss on securities sales; full-year noninterest income was $21.7 million, up from $18.3 million.

• Noninterest expense for Q4 2025 was $31.1 million, down from $34.8 million in Q4 2024; full-year expense was $115.4 million, up from $106.7 million, reflecting merger-related growth.

• Provision for credit losses was $1.0 million in Q4 2025, down from $3.4 million in Q4 2024; full-year provision was $98 thousand, down from $19.1 million.

Outlook and guidance

• Management expects the repositioning of the investment portfolio to benefit future periods, with the after-tax loss expected to be recovered within 10 months.

• Focus remains on disciplined growth, operating efficiency, and long-term shareholder value.