Peoples LTD Announces First Quarter Earnings - WICU12 HD WSEE Erie, PA News, Sports, Weather and Events

Peoples LTD Announces First Quarter Earnings

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Peoples LTD

WYALUSING, Pa., May 12, 2014 /PRNewswire/ -- Anthony J. Gabello, President and Chief Executive Officer of Peoples LTD, holding company for PS Bank, has announced results for the first quarter 2014.  Consolidated net income year-to-date was $654,000, or $1.31 earnings per share, compared to first quarter 2013 net income in the amount of $549,000 or $1.10 per share as adjusted for the 5% stock dividend at year-end 2013.

Year-to-date return on assets was 0.95% as of March 31, 2014 compared to 0.88% for the same period in 2013.  Year-to-date return on equity was 11.70% as of March 31, 2014 compared to the prior year-to-date of 10.30%.

Total assets increased to $280,700,000 from $271,477,000 as of December 31, 2013.  Deposits increased to $240,298,000 compared to $231,621,000 as of December 31, 2013.  Loans increased to $174,239,000 from $172,112,000 at year ending 2013.

Note:  This press release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results and trends could differ materially from those set forth in such statements due to various factors.  These factors include operating, legal and regulatory risks; changing economic and competitive conditions and other risks and uncertainties.

Peoples LTD is the holding company for PS Bank.  PS Bank is an independent community bank, established 1914, with branch locations throughout Bradford, Sullivan and Wyoming Counties.  Stock of Peoples LTD has a book value as of $45.54 as of March 31, 2014.  Peoples LTD is traded in the Over-the-Counter market under the symbol PPLL.  Learn more about PS Bank at www.PSBanking.com.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
3514 State St. Erie, PA 16508
Newsroom: (814)454-8812
Toll Free: 1(800)454-8812
Business offices: (814)454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
Mobile:
Mobile Site
Be sure to stay constantly updated with the power of WICU12 and WSEE at your fingertips
Free Android App
Free iPhone App
Free iPad App
Storm Tracker App
Droid
iPhone
iPad
All content © Copyright 2000 - 2014 WorldNow and WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com