PFIS FY 2023 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2023 Earnings

Reported March 15, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$164M	—	$124M	—	32.6%
Op. Income	$33M	—	$45M	—	-28.4%
Gross Margin	61.2%	—	87.8%	—	-26.6pp
Net Margin	16.7%	—	30.8%	—	-14.1pp
EPS (Diluted)	$3.83	—	$5.28	—	-27.5%
Free Cash Flow	$27M	—	$35M	—	-20.9%

Revenue Flow

Item	Amount
REVENUE	$164M
Cost of Revenue	$64M
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$30M
Operating Expenses	$68M
Cost & Expenses	$132M
OPERATING INCOME	$33M
Interest Income	$150M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$5M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$33M
EBITDA	$36M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$164M
Cost of Revenue	$64M
GROSS PROFIT	$100M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$30M
Operating Expenses	$68M
Cost & Expenses	$132M
OPERATING INCOME	$33M
Interest Income	$150M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$5M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$3M
EBIT	$33M
EBITDA	$36M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$3M
Stock-Based Compensation	$888.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$1M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$33M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$99M
Other Investing Activities	-$119M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	-$73M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$12M
Other Financing Activities	$232M
NET CASH FROM FINANCING	$142M
FREE CASH FLOW	$27M
Net Change in Cash	$149M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$399M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$464M
PP&E (Net)	$61M
Goodwill	$63M
Intangible Assets	$870.0K
Long-Term Investments	$2.9B
Tax Assets	$14M
Other Non-Current Assets	$202M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$3.7B
Account Payables	$6M
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$58M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$99M
TOTAL LIABILITIES	$3.4B
Common Stock	$14M
Additional Paid-In Capital	$122M
Retained Earnings	$249M
Treasury Stock	$0
Accum. Other Comp. Income	-$44M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$340M
Minority Interest	$0
TOTAL EQUITY	$340M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$76M
Net Debt	$33M