Peoples Financial Corporation Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Charge-Offs for the Fourth Quarter of 2016
For the year, the company reported net interest income was $17,468,000 against $18,436,000 a year ago. Net income was $167,000 or $0.03 per share against loss of $4,592,000 or $0.90 per share a year ago. Return on average assets was 0.02% against negative return on average assets or 0.69% a year ago. Return on average equity was 0.19% against negative return on average equity of 4.92% a year ago.
The company reported charge-offs for the fourth quarter increased to $1,987,000 compared to $206,000 for the third quarter.