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People’s Financial Services (NASDAQ:PFIS) Full Year 2023 Results
Main financial results
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Revenue: USD 103 million (down 7.1% from FY2022).
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Net profit: USD 27.4 million (down 28% from FY2022).
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Profit margin: 27% (down from 35% in FY22). The decrease in profit margin was primarily due to a decrease in revenue.
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EPS: USD 3.85 (down from USD 5.31 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
People’s Financial Services’ revenue and profit fall below expectations
Sales were 2.2% lower than analysts expected. Earnings per share (EPS) also fell 8.8% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 25% annually over the next two years, compared to a 5.6% growth forecast for the U.S. banking industry.
performance of American banking industry.
The company’s stock price is almost unchanged from a week ago.
balance sheet analysis
Just as investors need to consider its earnings, it’s also important to consider the strength of a company’s balance sheet.look Our latest analysis of Peoples Financial Services’ balance sheet strength.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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