Peoples Financial Services: Q4 Earnings Snapshot

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SCRANTON, Pa. (AP) _ Peoples Financial Services Corp. (PFIS) on Monday reported net income of $16.4 million in its fourth quarter.

The bank, based in Scranton, Pennsylvania, said it had earnings of $2.28 per share. Earnings, adjusted for non-recurring gains, were 95 cents per share.

The holding company for Peoples Security Bank and Trust posted revenue of $38.9 million in the period. Its revenue net of interest expense was $36.9 million, exceeding Street forecasts.

For the year, the company reported profit of $43.5 million, or $6.02 per share. Revenue was reported as $110.3 million.

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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