Latest news with #financialreport
Yahoo
3 hours ago
- Business
- Yahoo
Bureau Veritas announces the publication of its half-year financial report for the six months ended 30 June 2025
PRESS RELEASE Courbevoie, France – July 25, 2025 Bureau Veritas announces the publication of its half-year financial report for the six months ended 30 June 2025 Bureau Veritas announces the public release and the filing with the Autorité des marchés financiers of its half-year financial report for the six months ended 30 June 2025. The half-year financial report for the six months ended 30 June 2025 is available on the company's website at ABOUT BUREAU VERITAS Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers' excellence and sustainability, the company innovates to help them navigate in 1828, Bureau Veritas' 84,000 employees deliver services in 140 countries. The company's technical experts support customers to address challenges in quality, health and safety, environmental protection, and Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI. For more information, visit and follow us on LinkedIn. Our information is certified with blockchain that this press release is genuine at ANALYST/INVESTOR CONTACTS MEDIA CONTACTS Laurent Brunelle Anette Rey +33 (0)1 55 24 76 09 +33 (0)6 69 79 84 88 Colin Verbrugghe Martin Bovo +33 (0)1 55 24 77 80 +33 (0) 6 14 46 79 94 Romain Attachment Bureau Veritas - Filing of the Half-Year financial report 2025
Yahoo
4 hours ago
- Business
- Yahoo
TotalEnergies Publishes Its Financial Report for First Half 2025
PARIS, July 25, 2025--(BUSINESS WIRE)--Regulatory News: The financial report of TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) for the first half 2025 was filed with the French Financial Markets Authority (Autorité des marchés financiers) on July 25, 2025. It can be consulted and downloaded from the website under the heading Investors / Results and Investor presentations / Results. *** About TotalEnergiesTotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary noteThe terms "TotalEnergies", "TotalEnergies company" or "Company" in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words "we", "us" and "our" may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC). View source version on Contacts TotalEnergies Media Relations: +33 (0)1 47 44 46 99 l presse@ l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@
Yahoo
a day ago
- Business
- Yahoo
LECTRA: Second Quarter and First Half 2025 financial report available
Second Quarter and First Half 2025 financial report available Paris, July 24, 2025 – Lectra informs its shareholders, in compliance with Article 221-4-IV of the General Regulation of the Autorité des marchés financiers, that the Management Discussion and Analysis of Financial Condition and Results of Operations for the Second Quarter and First Half of 2025 is available on the company's website: It is also available, upon request, at the company's headquarters 16-18 rue Chalgrin, 75016 Paris (email: ). Copy of this document was filed with the AMF. About Lectra : At the forefront of innovation since its founding in 1973, Lectra provides industrial intelligence technology solutions—combining software in SaaS mode, cutting equipment, data, and associated services—to players in the fashion, automotive and furniture industries. With boldness and passion, Lectra accelerates the transformation and success of its customers in a world in perpetual motion thanks to the key technologies of Industry 4.0: AI, big data, cloud and the Internet of Things. The Group is present in more than one hundred countries. It operates three production sites for its cutting equipment, located in France, China and the United States. Lectra's 3,000 employees are driven by three core values: being open-minded thinkers, trusted partners and passionate innovators. They all share the same concern for social responsibility, which is one of the pillars of Lectra's strategy to ensure its sustainable growth and that of its customers. Lectra reported revenues of €527 million in 2024, including €77 million coming from its SaaS offerings. The company is listed on Euronext, and is included in the CAC All Shares, CAC Technology, EN Tech Leaders and ENT PEA-PME 150 indices. For more information, please visit Lectra – World Headquarters et siège social : 16–18, rue Chalgrin • 75016 Paris • France Tél. +33 (0)1 53 64 42 00 – Société anonyme au capital de 37 966 274 €. RCS Paris B 300 702 305 Attachment LECTRA_PR_reportavailable_FH2025
Yahoo
2 days ago
- Business
- Yahoo
Nokia Corporation Report for Q2 and Half Year 2025
Nokia Corporation Half year financial report24 July 2025 at 08:00 EEST Nokia Corporation Report for Q2 and Half Year 2025Solid performance offset by currency impact Q2 comparable net sales declined 1% y-o-y on a constant currency and portfolio basis (2% reported) due to a 13% decline in Mobile Networks which had benefited from accelerated revenue recognition in the prior year. Network Infrastructure grew 8% while Cloud and Network Services grew 14%. Nokia Technologies grew 3%. Comparable gross margin in Q2 was flat y-o-y at 44.7% (reported increased 10bps to 43.4%). Gross margins were broadly stable in Network Infrastructure and Mobile Networks and improved in Cloud and Network Services. Q2 comparable operating margin decreased 290bps y-o-y to 6.6% (reported up 790bps to 1.8%), driven by a negative EUR 50 million venture fund impact which includes a EUR 60 million negative currency revaluation. Operating profit was also impacted by tariffs. Q2 comparable diluted EPS for the period of EUR 0.04; reported diluted EPS for the period of EUR 0.02. Q2 free cash flow of EUR 0.1 billion, net cash balance of EUR 2.9 billion. As announced on 22 July 2025, full year 2025 comparable operating profit outlook revised to between EUR 1.6 and 2.1 billion (was between EUR 1.9 and 2.4 billion) with free cash flow conversion from comparable operating profit unchanged at between 50% and 80%. This is a summary of the Nokia Corporation Report for Q2 and Half Year 2025 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook. The detailed, segment-level discussion will be available in the complete financial report hosted at Investors should not solely rely on summaries of Nokia's financial reports and should also review the complete reports with tables. JUSTIN HOTARD, PRESIDENT AND CEO, ON Q2 2025 RESULTS In the following quote, net sales comments and growth rates are referring to comparable net sales and are on a constant currency and portfolio my first quarter as CEO, I've spent significant time engaging with our stakeholders. One message has stood out: Connectivity is becoming a critical differentiator in the AI supercycle, not only for communication service providers and hyperscalers, but also for new areas like defense and national security. With our portfolio in mobile and fiber access, data center, and transport networks, Nokia is uniquely positioned to be a leader in this market transition. Customer conversations have increased my optimism about our opportunity: There's been a strong validation of what sets us apart – our technology, partnering culture, and the exceptional talent of our the same time, our customers expect us to engage with them as one integrated company as they partner with us across our portfolio. Further it is clear we need to continue to evolve how we work so we move faster, improve productivity and focus on what brings value to our customers. As a result, we're unifying our corporate functions to simplify how we work, build a more cohesive culture and begin to unlock operating have a great opportunity to drive a unified vision for the future of networks, and I am looking forward to discussing our strategy and full value creation story at our Capital Markets Day in New York on November to our second quarter results, the significant currency fluctuations, particularly the weaker USD, had a meaningful impact on both our net sales and operating profit. On a constant currency and portfolio basis our overall net sales declined 1%, however excluding a settlement benefit in the prior year, sales would have grown 3%. Network Infrastructure grew 8% in Q2. Mobile Networks' net sales declined 13%, primarily related to the aforementioned prior year settlement benefit and also due to project timing in India. Cloud and Network Services grew 14% with strong momentum in 5G Core. Nokia Technologies grew 3% and secured several new agreements in the quarter.Q2 comparable gross margin was stable year-on-year at 44.7%. Operating profit in the quarter was impacted by a non-cash negative impact to venture funds of EUR 50 million which included a EUR 60 million negative currency revaluation and the effect of tariffs we highlighted in Q1, contributing to our comparable operating margin declining 290 bps to 6.6%. Despite the cash impact of 2024 incentives during Q2, we had a strong cash performance and have generated free cash flow of over EUR 800 million in the first half.Q2 saw continued strong order momentum in Optical Networks with a book-to-bill well above 1, driven by new hyperscaler orders. We had several key wins in the quarter, including a deal with a large US communication service provider along with receiving our first award for 800G pluggables from a US hyperscaler. Across the group, Nokia generated 5% of sales in Q2 from hyperscalers. While we still have a lot of work ahead of us, I'm pleased with the progress we are making integrating Infinera, including executing on synergies. Additionally, the commercial momentum we are seeing reinforces the long-term value creation opportunity of the acquisition. Looking ahead we expect a stronger second half performance, particularly in Q4 consistent with normal seasonality. For the full year, the underlying business is trending largely as expected. We continue to expect strong growth in Network Infrastructure, growth in Cloud and Network Services and largely stable net sales in Mobile Networks on a constant currency and portfolio basis. In Nokia Technologies we expect approximately EUR 1.1 billion in operating we are facing two headwinds to our full year operating profit outlook which are outside of our control, currency due to the weaker US Dollar, and tariffs. Currency has an approximately EUR 230 million negative impact relative to our expectations at the start of the year with EUR 90 million from non-cash venture fund currency revaluations. The current tariff levels are forecasted to impact operating profit by EUR 50 million to EUR 80 million inclusive of those in Q2. Considering these two headwinds, we decided it was prudent at this point to lower our comparable operating profit outlook to a range of EUR 1.6 billion to EUR 2.1 billion from the prior range of EUR 1.9 billion to EUR 2.4 HotardPresident and CEO FINANCIAL RESULTS EUR million (except for EPS in EUR) Q2'25 Q2'24 YoY change Q1-Q2'25 Q1-Q2'24 YoY change Reported results Net sales 4 546 4 466 2% 8 936 8 910 0% Gross margin % 43.4% 43.3% 10bps 42.5% 46.5% (400)bps Research and development expenses (1 161) (1 134) 2% (2 306) (2 259) 2% Selling, general and administrative expenses (744) (715) 4% (1 472) (1 408) 5% Operating profit 81 432 (81)% 32 836 (96)% Operating margin % 1.8% 9.7% (790)bps 0.4% 9.4% (900)bps Profit from continuing operations 83 370 (78)% 24 821 (97)% Profit/(loss) from discontinued operations 13 (512)13 (525)Profit/(loss) for the period 96 (142)36 296 (88)% EPS for the period, diluted 0.02 (0.03)0.01 0.05 (80)% Net cash and interest-bearing financial investments 2 879 5 475 (47)% 2 879 5 475 (47)% Comparable results Net sales 4 551 4 466 2% 8 941 8 910 0% Constant currency and portfolio YoY change(1) (1%) (2%) Gross margin % 44.7% 44.7% 0bps 43.5% 47.6% (410)bps Research and development expenses (1 126) (1 064) 6% (2 241) (2 140) 5% Selling, general and administrative expenses (612) (610) 0% (1 199) (1 194) 0% Operating profit 301 423 (29)% 457 1 023 (55)% Operating margin % 6.6% 9.5% (290)bps 5.1% 11.5% (640)bps Profit for the period 236 328 (28)% 390 840 (54)% EPS for the period, diluted 0.04 0.06 (33)% 0.07 0.15 (53)%Business group results Network Infrastructure MobileNetworks Cloud and Network Services Nokia Technologies Group Common and Other EUR million Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Q2'25 Q2'24 Net sales 1 904 1 522 1 732 2 078 557 507 357 356 3 4 YoY change 25%(17)%10%0%(25)%Constant currency and portfolio YoY change(1) 8%(13)%14%3%(25)%Gross margin % 38.2% 38.4% 41.1% 41.8% 42.7% 37.5% 100.0% 100.0% Operating profit/(loss) 109 97 77 182 9 (35) 255 258 (150) (78) Operating margin % 5.7% 6.4% 4.4% 8.8% 1.6% (6.9)% 71.4% 72.5% (1) This metric provides additional information on the growth of the business and adjusts for both currency impacts and portfolio changes. The full definition is provided in the Alternative performance measures section in Nokia Corporation Report for Q2 and Half Year 2025. SHAREHOLDER DISTRIBUTION Dividend Under the authorization by the Annual General Meeting held on 29 April 2025, the Board of Directors may resolve on the distribution of an aggregate maximum of EUR 0.14 per share to be paid in respect of financial year 2024. The authorization will be used to distribute dividend and/or assets from the reserve for invested unrestricted equity in four installments during the authorization period unless the Board decides otherwise for a justified reason. On 24 July 2025, the Board resolved to distribute a dividend of EUR 0.04 per share. The dividend record date is 29 July 2025 and the dividend will be paid on 7 August 2025. The actual dividend payment date outside Finland will be determined by the practices of the intermediary banks transferring the dividend payments. As previously announced, on 29 April 2025 the Board resolved to distribute a dividend of EUR 0.04 per share. The dividend record date was 5 May 2025 and the dividend was paid on 12 May 2025. Following these distributions, the Board's remaining distribution authorization is a maximum of EUR 0.06 per share. OUTLOOKFull Year 2025 Comparable operating profit(1,2) EUR 1.6 billion to EUR 2.1 billion (adjusted from EUR 1.9 billion to 2.4 billion) Free cash flow(1) 50% to 80% conversion from comparable operating profit 1Please refer to Alternative performance measures section in Nokia Corporation Report for Q2 and Half Year 2025 for a full explanation of how these terms are defined.2Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year. The outlook and all of the underlying outlook assumptions described below are forward-looking statements subject to a number of risks and uncertainties as described or referred to in the Risk Factors section later in this report. Along with Nokia's official outlook targets provided above, Nokia provides the below additional assumptions that support the group level financial year 2025 CommentQ3 SeasonalityNormal seasonality would imply flat net sales sequentially into Q3. The business expects somewhat more challenging product mix along with continued R&D investment. Comparable operating margin expected to be largely stable Common and Other operating expenses Approximately EUR 400 million Comparable financial income and expenses Positive EUR 50 to 150 million Comparable income tax rate ~25% Cash outflows related to income taxes EUR 500 million Capital expenditures EUR 650 million Recurring gross cost savings EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergiesRestructuring and associated charges related to cost savings programs EUR 250 million Related to ongoing cost savings program and not including Infinera-related synergiesRestructuring and associated cash outflows EUR 400 million Related to ongoing cost savings program and not including Infinera-related synergiesRISK FACTORS Nokia and its businesses are exposed to a number of risks and uncertainties which include but are not limited to: Competitive intensity, which is expected to continue at a high level as some competitors seek to take share; Changes in customer network investments related to their ability to monetize the network; Our ability to ensure competitiveness of our product roadmaps and costs through additional R&D investments; Our ability to procure certain standard components and the costs thereof, such as semiconductors; Disturbance in the global supply chain; Impact of inflation, increased global macro-uncertainty, major currency fluctuations, changes in tariffs and higher interest rates; Potential economic impact and disruption of global pandemics; War or other geopolitical conflicts, disruptions and potential costs thereof; Other macroeconomic, industry and competitive developments; Timing and value of new, renewed and existing patent licensing agreements with licensees; Results in brand and technology licensing; costs to protect and enforce our intellectual property rights; on-going litigation with respect to licensing and regulatory landscape for patent licensing; The outcomes of on-going and potential disputes and litigation; Our ability to execute, complete, successfully integrate and realize the expected benefits from transactions; Timing of completions and acceptances of certain projects; Our product and regional mix; Uncertainty in forecasting income tax expenses and cash outflows, over the long-term, as they are also subject to possible changes due to business mix, the timing of patent licensing cash flow and changes in tax legislation, including potential tax reforms in various countries and OECD initiatives; Our ability to utilize our Finnish deferred tax assets and their recognition on our balance sheet; Our ability to meet our sustainability and other ESG targets, including our targets relating to greenhouse gas emissions; as well the risk factors specified under Forward-looking statements of this release, and our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors. FORWARD-LOOKING STATEMENTS Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia's current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers' businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including "anticipate", 'continue', 'believe', 'envisage', 'expect', 'aim', 'will', 'target', 'may', 'would', 'could', "see", 'plan', 'ensure' or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management's best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in the Risk Factors above. ANALYST WEBCAST Nokia's webcast will begin on 24 July 2025 at 11.30 a.m. Finnish time (EEST). The webcast will last approximately 60 minutes. The webcast will be a presentation followed by a Q&A session. Presentation slides will be available for download at A link to the webcast will be available at Media representatives can listen in via the link, or alternatively call +1-412-317-5619. FINANCIAL CALENDAR Nokia plans to publish its third quarter and January-September 2025 results on 23 October 2025. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: NokiaCommunicationsPhone: +358 10 448 4900Email: Vaismaa, Global Head of External Communications NokiaInvestor RelationsPhone: +358 931 580 507Email: Attachment 2025_Q2_Nokia_ Earnings_release_English
Yahoo
2 days ago
- Business
- Yahoo
Peoples Financial Corporation Reports Results for the Second Quarter of 2025
BILOXI, MS / / July 23, 2025 / Peoples Financial Corporation (the "Company")(OTCQX Best Market:PFBX), parent of The Peoples Bank (the "Bank"), announced earnings for the second quarter ending June 30, 2025. Second Quarter EarningsNet income for the second quarter of 2025 decreased $1,087,000 to $1,242,000 compared to net income of $2,329,000 for the second quarter of 2024. The earnings per weighted average common share for the second quarter of 2025 were $0.27 compared to earnings per weighted average common share of $0.50 for the second quarter of 2024. Per share figures are based on weighted average common shares outstanding of 4,617,466 and 4,661,686 for the second quarters of 2025 and 2024, respectively. The decrease in net income for the second quarter of 2025 was primarily due to a decrease in net interest income of $431,000 to $5,472,000 for the second quarter of 2025 compared with $5,903,000 for the second quarter of 2024. Total interest income decreased by $1,231,000 to $7,464,000 for the second quarter of 2025 as compared with $8,695,000 for the second quarter of 2024 due to lower interest income on securities caused by a decrease in balances and yields. Total interest expense decreased by $800,000 to $1,992,000 for the second quarter of 2025 as compared with $2,792,000 for the second quarter of 2024 due to lower borrowing costs and lower interest rates paid on deposit accounts. Net income for the first six months of 2025 decreased $2,192,000 to $2,552,000 compared to net income of $4,744,000 for the first six months of 2024. The earnings per weighted average common share for the first six months of 2025 were $0.55 compared to earnings per weighted average common share of $1.02 for the first six months of 2024. Per share figures are based on weighted average common shares outstanding of 4,617,466 and 4,661,686 for the first six months of 2025 and 2024, respectively. The income tax expense increased $218,000 to $620,000 for the first six months of 2025 as compared with $402,000 for the first six months of 2024. The increase was driven by the near-full utilization of federal tax credits in 2024, leaving only a minimal credit available for utilization in 2025. Return on average assets for the first six months ended June 30, 2025, decreased 0.52% to 0.64% compared to 1.16% for the first six months ended June 30, 2024. The Company's efficiency ratio increased 10% to 78% for the first six months ended June 30, 2025, compared to 68% for the first six months ended June 30, 2024. Asset Quality"The Bank's leadership remains committed to maintaining high-quality assets. We are closely monitoring economic conditions and staying vigilant for any potential changes in interest rates. As hurricane season commences, the Company has proactively prioritized hurricane preparedness. Across all 18 bank facilities, we have ensured that resources are available allowing branches to operate even in the event of power outages. The Company has a comprehensive and thorough business continuity and disaster recovery strategy." said Chevis C. Swetman, chairman and chief executive officer of the Company and the Bank. Shareholders' EquityTotal shareholders' equity increased by $6,509,000 from $90,001,000 at December 31, 2024, to $96,510,000 at June 30, 2025. The improvement in shareholders' equity was mainly due to the six-month earnings of $2,552,000 through June 30, 2025. The Company also experienced a decrease of $4,788,000 in unrealized losses on securities in 2025. The Company reported $32,218,000 and $38,006,000 in unrealized losses on the available for sale securities portfolio as of June 30, 2025, and December 31, 2024, respectively. These unrealized losses are presented in accumulated other comprehensive income for the respective periods. The cause of the unrealized losses has primarily resulted from higher interest rates that have impacted the current market value of available for sale securities. The unrealized losses are not related to any credit deterioration within the portfolio. The Company has maintained strong liquidity and continues to do so; therefore, the Company does not foresee a sale of any affected securities that would cause the realization of these losses by the Company as part of net income in the near future. The Bank's leverage ratio has not been impacted by these unrealized losses on available for sale securities due to an opt- out election previously made by the Bank in accordance with current regulatory capital requirements and therefore remained strong at 13.97% as of June 30, 2025. LiquidityThe Company maintains a well-capitalized balance sheet which includes strong capital and liquidity. The Bank provides a full range of banking, financial and trust services in our local markets. The majority of the Bank's deposits are fully FDIC insured. The Company evaluates on an ongoing and continuous basis its financial health by preparing for various moderate to severe economic scenarios. As interest rates have increased and the cost of attracting new deposits and replacing deposit attrition has increased, the Bank experienced a decrease in deposit balances during the six months ended June 30, 2025. This decrease was mostly caused by the loss of several large public fund deposits in 2025 following competitive bid processes held in 2025 whereby the public fund deposit accounts were awarded to other local banks. As of June 30, 2025, total deposits have decreased $76,419,000 to $644,311,000 from $720,730,000 as of December 31, 2024. About the CompanyFounded in 1896, with $761 million in total assets as of June 30, 2025, The Peoples Bank operates 18 bank facilities along the Mississippi Gulf Coast in Hancock, Harrison, Jackson and Stone counties. In addition to offering a comprehensive range of retail and commercial banking services, the Bank also operates a trust and investment services department that has provided customers with financial, estate and retirement planning services since 1936. Peoples Financial Corporation's common stock is listed on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at the Company's website, and at the website of the Securities and Exchange Commission ("SEC"), This news release reflects industry conditions, Company performance and financial results and contains "forward-looking statements," which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company's actual results and experience to differ materially from the anticipated results and expectation expressed in such forward-looking statements. Factors that could cause our actual results to differ materially from our forward-looking statements are described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Regulation and Supervision" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website and the Company's website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. Forward-looking statements represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason. PEOPLES FINANCIAL CORPORATION(In thousands, except per share figures) (Unaudited) EARNINGS SUMMARY Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net interest income $ 5,472 $ 5,903 $ 11,140 $ 12,596 Provision for credit losses $ - $ - (5 ) - Non-interest income 1,777 1,761 3,480 3,504 Non-interest expense 5,762 5,564 11,453 10,954 Income tax expense (benefit) 245 (229 ) 620 402 Net income 1,242 2,329 2,552 4,744 Earnings per share 0.27 0.50 0.55 1.02 TRANSACTIONS IN THE ALLOWANCE FOR CREDIT LOSSES ON LOANS Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Allowance for credit losses on loans, beginning of period $ 2,969 $ 3,087 $ 2,982 $ 3,224 Recoveries 42 105 82 163 Charge-offs (48 ) (42 ) (101 ) (177 ) Provision for (reduction of ) loan losses 3 - 3 (60 ) Allowance for credit losses on loans, end of period $ 2,966 $ 3,150 $ 2,966 $ 3,150 PERFORMANCE RATIOS June 30, 2025 2024 Return on average assets 0.64 % 1.16 % Return on average equity 5.52 % 13.30 % Net interest margin 3.02 % 3.07 % Efficiency ratio 78 % 68 % BALANCE SHEET SUMMARY June 30, 2025 2024 Total assets $ 761,340 $ 846,747 Securities 437,829 541,582 Loans, net 245,332 235,590 Other real estate(ORE) - - Total deposits 644,311 674,914 Shareholders' equity 96,510 74,200 Book value per share 20.90 15.92 Weighted average shares 4,617,466 4,661,686 PERIOD END DATA June 30, 2025 2024 Allowance for creditlosses on loansas a percentage of loans 1.19 % 1.32 % Loans past due 90 daysand still accruing $ 10 $ - Nonaccrual loans $ 600 $ 455 Leverage ratio 13.97 % 11.84 % For more information, contact:Chevis C. Swetman, President and CEO 228-435-8205 cswetman@ SOURCE: Peoples Financial Corporation View the original press release on ACCESS Newswire
