BILOXI, Miss., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Peoples Financial Corporation (the “Company”) (OTCQX Best Market: PFBX), parent of The Peoples Bank (the “Bank”), announced earnings for the fourth quarter ending December 31, 2025. Additionally, the board of directors of Peoples Financial Corporation announced that it has approved an extension of the Company’s current stock repurchase program, orig...
BILOXI, Miss., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Peoples Financial Corporation (the “Company”) (OTCQX Best Market: PFBX), parent of The Peoples Bank (the “Bank”), announced earnings for the fourth quarter ending December 31, 2025. Additionally, the board of directors of Peoples Financial Corporation announced that it has approved an extension of the Company’s current stock repurchase program, originally set to expire on December 31, 2025, with no expiration date. The program authorizes the repurchase of up to the lesser of $750,000 or 40,000 shares of the Company’s outstanding and issued common stock. Shares will be repurchased at the discretion of management either on the open market or through privately negotiated transactions, and repurchased shares will be retired. As of December 31, 2025, the Company reported common shares outstanding of 4,617,466. The Company also announced that its 2026 annual meeting of shareholders will take place on April 22, 2026. Fourth Quarter Earnings Net income for the fourth quarter of 2025 decreased $812,000 to $716,000 compared to net income of $1,528,000 for the fourth quarter of 2024. The earnings per weighted average common share for the fourth quarter of 2025 were $0.16 compared to earnings per weighted average common share of $0.33 for the fourth quarter of 2024. Per share figures are based on weighted average common shares outstanding of 4,617,466 and 4,640,537 for the fourth quarters of 2025 and 2024, respectively. The decrease in net income for the fourth quarter of 2025 was due to lower interest income on securities, overnight fed funds and loans caused by a decrease in balances, yields and rates on securities, overnight fed funds and one category of loans. Total interest income decreased by $1,071,000 to $6,569,000 for the fourth quarter of 2025 as compared with $7,640,000 for the fourth quarter of 2024. Total interest expense decreased by $134,000 to $1,930,000 for the fourth quarter of 2025 as compared with $2,064,000 f...