Peoples Financial Services declares third quarter dividend

SCRANTON, Pa. - Peoples Financial Services Corp. (NASDAQ:PFIS), a regional bank with a market capitalization of $500 million, announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.6175 per share for the third quarter of 2025. The dividend represents an attractive 4.95% yield, reflecting the company’s 8-year streak of consecutive dividend raises.

The dividend will be payable on September 15, 2025, to shareholders of record as of August 29, 2025, according to a press release statement from the company. InvestingPro data shows the company has maintained dividend payments for 24 consecutive years, demonstrating strong commitment to shareholder returns.

Peoples Financial Services Corp. is the bank holding company of Peoples Security Bank and Trust Company, which operates 39 full-service community banking offices across Pennsylvania, New Jersey, and New York.

The company completed a merger with FNCB Bancorp, Inc. on July 1, 2024, expanding its regional presence.

Peoples Security Bank and Trust Company provides financial products and services to individuals, businesses, non-profit organizations, and government entities throughout its service area.

In other recent news, Peoples Financial Services Corp. has announced a significant increase in its quarterly cash dividend. The dividend for the second quarter of 2025 is set at $0.6175 per share, representing a 50.6% rise from the same period the previous year. Additionally, the company declared the full redemption of its 5.375% Fixed to Floating Subordinated Notes, amounting to $33 million, which will be redeemed on June 30, 2025. In further developments, the company’s board approved amendments to the bylaws to clarify the roles of the CEO and President, allowing different individuals to hold these positions. These amendments also address the composition of the Executive Committee when these roles are separate. Meanwhile, at the recent annual shareholder meeting, five directors were elected to serve until 2028, and shareholders approved the executive officers’ compensation. Baker Tilly US, LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025. However, a proposal to amend the corporate bylaws did not pass during this meeting.

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