Peoples Ltd. (OTC:PPLL), the holding company for PS Bank, released third-quarter and year-to-date 2026 earnings results on October 29, 2026, reporting higher net income, balance sheet growth, and a new OTCQX market listing.

Key Highlights

  • Q3 2026 net income: $3,323,000, or $1.82 per share, up 10.33% from $3,012,000, or $1.66 per share, in Q3 2025.
  • Year-to-date net income: $9,882,000, or $5.43 per share, a 35.10% increase from $7,314,000, or $4.02 per share, for the nine months ended September 30, 2025.
  • Total assets: Grew 7.38% to $689,232,000 as of September 30, 2026, from $641,890,000 at December 31, 2025.
  • Total loans: Increased 11.05% to $472,045,000 from $425,085,000 at year-end 2025.
  • Return on average equity: 19.07% year-to-date as of September 30, 2026, compared to 16.79% for the same period in 2025.
  • American Banker ranking: Peoples Ltd. was ranked #30 on American Banker's Top 100 Community Banks under $2 billion, up six spots from the prior year.
  • OTCQX listing: Peoples Ltd. recently began trading on the OTCQX Market, according to the filing.

PS Bank's Financial Performance and Balance Sheet Expansion Through September 2026

Peoples Ltd., the holding company for PS Bank, an independent community bank established in 1914 and serving Bradford, Sullivan, Wyoming, Lackawanna, and Susquehanna counties in Pennsylvania, reported third-quarter 2026 net income of $3,323,000, or $1.82 per share. According to the filing, Q3 2025 net income included $553,000 in life insurance policy proceeds; excluding those proceeds, the company disclosed that Q3 2026 net income represents an increase of 35.14% over the comparable prior-year quarter.

On a year-to-date basis, the company reported consolidated net income of $9,882,000, or $5.43 per share, for the nine months ended September 30, 2026. The filing states this reflects a 35.10% increase from the $7,314,000, or $4.02 per share, recorded for the same period in 2025, and a 46.16% increase when excluding the prior-year life insurance proceeds. Year-to-date return on assets was 1.96% as of September 30, 2026, compared to 1.63% for the same period in 2025, according to the filing.

The filing attributed balance sheet growth to several factors, including loan growth, asset repricings, a strategic investment approach, deposit growth, and controlled expense management. Deposits increased 6.90% to $598,434,000 from $559,785,000 at December 31, 2025. President and CEO Anthony J. Gabello noted that the Scranton office, opened in March 2025, "continues to have a positive impact on our performance since its opening," and indicated a new location in Taylor, Pennsylvania, at 100 Union Street in Lackawanna County, is anticipated to open in early 2027. The company also disclosed it recently began trading on the OTCQX Market.

What Was Disclosed

Peoples Ltd. disclosed third-quarter and nine-month 2026 financial results, showing net income and balance sheet growth, improved return metrics, a new OTCQX Market listing, an upcoming Taylor, PA branch, and a #30 ranking on American Banker's Top 100 Community Banks list.