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Peoples Financial Corporation functions as the bank holding company for The Peoples Bank, delivering a comprehensive suite of banking, financial, and trust services. These offerings cater to individuals, governmental bodies, and both small and commercial enterprises throughout Mississippi. Its deposit portfolio includes interest and non-interest-bearing checking accounts, savings accounts, certificates of deposit, and various individual retirement accounts (IRAs). The corporation extends a diverse range of lending solutions, encompassing business, commercial, real estate, construction, personal, and installment loans. Furthermore, it manages personal trusts, agencies, and estate services, such as living and testamentary trusts, executorships, guardianships, and conservatorships. For its corporate clientele, the company facilitates self-directed IRAs, alongside escrow management, stock transfer, and bond paying agency accounts. Additional conveniences comprise safe deposit box rentals, wire transfer capabilities, night drop facilities, collection services, cash management, and internet banking. By December 31, 2021, the company maintained 17 branch locations across Harrison, Hancock, Jackson, and Stone counties. Its network also featured 28 automated teller machines (ATMs) situated at its branches and various off-site or non-proprietary locations. Established in 1896, the corporation is headquartered in Biloxi, Mississippi.
Peoples Financial Corporation Reports Results for the Second Quarter of 2026
Peoples Financial Corporation reported a decline in Q2 earnings, with net income falling to $897,000 from $1.24 million a year earlier and EPS dropping to $0.19.
The decrease was driven by a $553,000 drop in net interest income to $4.92 million, stemming from lower yields on securities, alongside an efficiency ratio that worsened to 80%.
Despite the earnings pressure, the balance sheet showed resilience with total deposits rising to $609.8 million and a strong leverage ratio of 15.22%.