Peoples Financial Services: Q1 Earnings Snapshot

SCRANTON, Pa. (AP) — SCRANTON, Pa. (AP) — Peoples Financial Services Corp. (PFIS) on Thursday reported net income of $3.5 million in its first quarter.

The bank, based in Scranton, Pennsylvania, said it had earnings of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 55 cents per share.

The holding company for Peoples Security Bank and Trust posted revenue of $42.4 million in the period. Its revenue net of interest expense was $22.7 million, exceeding Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFIS at https://www.zacks.com/ap/PFIS