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PFBX on OTC

PEOPLES FINANCIAL CORP /MS/

American state commercial bank, incorporated in Mississippi1

In its 2026 annual report the company says: “The Bank is a state chartered bank whose deposits are insured under the Federal Deposit Insurance Act.”11 It is headquartered in Biloxi, Mississippi.1 Its shares trade on OTC under the symbol PFBX.1

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Last updated Oct 21, 2026.

Overview

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  • TickerPFBX on OTC1
  • IndustryState Commercial Banks1
  • HeadquartersBiloxi, Mississippi1
  • Incorporated inMS2
  • Business address152 Lameuse Street, P O Box 529, Biloxi, Ms 395302
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service charges on deposit accounts brought in 56% of the revenue PEOPLES FINANCIAL CORP /MS/ broke down this way in fiscal 2025.

  1. Service charges on deposit accounts$3.2M356%down 0% from 2024
  2. Trust Department Income and Fees$2.5M344%up 1% from 2024
Products and services by year
Products and services202320242025
Service charges on deposit accounts$3.2M$3.2M$3.2M
Trust Department Income and Fees$2.4M$2.5M$2.5M

Financial statements

Net income45673$3.9M in 2025+133% since 2019
-$10.0M0$10.0M$20.0M$30.0M2019: $1.7M$1.7M20192020: -$2.6M-$2.6M20202021: $8.9M$8.9M20212022: $8.9M$8.9M2022+0%2023: $9.2M$9.2M2023+3%2024: $21.7M$21.7M2024+137%2025: $3.9M$3.9M2025−82%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$14.9M$14.8M$12.9M
U. S. Treasuries$5.1M$7.1M$6.6M
Mortgage-backed securities$1.6M$2.4M$3.6M
Collateralized mortgage obligations$2.1M$3.0M$3.5M
States and political subdivisions$3.7M$3.8M$4.3M
Other investments$46.0K$144.0K$105.0K
Interest on balances due from depository institutions$1.2M$1.8M$1.6M
Total interest income$28.5M$33.1M$32.6M
Deposits$7.8M$7.6M$5.7M
Borrowings$313.0K$2.0M$409.0K
Total interest expense$8.1M$9.6M$6.2M
Net interest income$20.4M$23.5M$26.5M
Provision for (reduction of) credit losses$3.0K-$162.0K-$272.0K
Net interest income after provision for (reduction of) credit losses$20.4M$23.6M$26.7M
Increase in cash surrender value of life insurance$558.0K$532.0K$485.0K
Gain from death benefits from life insurance$133.0K
Gain (loss) on sale of property, plant and equipment, net$0$9.0K$30.0K
Other income$795.0K$813.0K$788.0K
Total non-interest income$7.2M$7.0M$6.9M
Salaries and employee benefits$10.7M$10.5M$11.1M
Net occupancy$2.3M$2.2M$2.1M
Equipment rentals, depreciation and maintenance$2.9M$3.0M$2.8M
Other expense$6.7M$6.6M$6.3M
Total non-interest expense$22.7M$22.2M$22.4M
Income before income taxes$4.8M$8.4M$11.3M
Income tax (benefit) expense$900.0K-$13.3M$2.1M
Net income$3.9M$21.7M$9.2M
Basic earnings per share (in dollars per share)$0.85$4.66$1.96
Diluted earnings per share (in dollars per share)$0.85$4.66$1.96
Dividends declared per share (in dollars per share)$0.36$0.44$0.53

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Corporate structure

PEOPLES FINANCIAL CORP /MS/ sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PEOPLES FINANCIAL CORP /MS/

  • Joseph Stilwell Filed SCHEDULE 13D/A on PEOPLES FINANCIAL CORP /MS/, latest Aug 4, 2026 (15 filings since Feb 7, 2022)
  • Chevis Swetman Filed SCHEDULE 13G/A on PEOPLES FINANCIAL CORP /MS/, latest Feb 9, 2026 (5 filings since Feb 10, 2022)
  • Jeffrey L. Gendell Filed SC 13G/A on PEOPLES FINANCIAL CORP /MS/, latest Feb 14, 2023 (2 filings since Feb 11, 2022)
  • PEOPLES FINANCIAL CORP /MS/ Biloxi, Mississippi

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PEOPLES FINANCIAL CORP /MS/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$52.1M3 Dec 31, 2025$51.8M3 Dec 31, 2024+0.6%
Accumulated depreciation$34.7M3 Dec 31, 2025$33.1M3 Dec 31, 2024+4.9%
Property and equipment, net$17.4M3 Dec 31, 2025$18.7M3 Dec 31, 2024−7.1%

Investments

ItemLatestA year beforeChange
Loans, net of allowance$230.6M7 Dec 31, 2024$235.1M7 Dec 31, 2023−1.9%
Deposits held (banks)$604.4M3 Dec 31, 2025$720.7M3 Dec 31, 2024−16.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$414.0K3 Dec 31, 2025$476.0K3 Dec 31, 2024−13.0%

Properties, in its own words

The principal properties of the Company are its 17 business locations, including the Main Office, which is located at 152 Lameuse Street in Biloxi, MS, 39530. The Armed Forces Retirement Home (“AFRH”) Branch located at 1800 Beach Drive, Gulfport, MS 39507, is located in space provided by the AFRH. All other branch locations are owned by the

Company. We believe that our facilities are in good condition and are adequate to meet our operating needs for the foreseeable future. The addresses of the other branch locations are:

The rest of Item 2

Asset Management and Trust Department · 758 Howard Avenue Biloxi, MS 39530

Bay St. Louis Office · 408 Highway 90 East, Bay St. Louis, MS 39520

Cedar Lake Office · 1740 Popps Ferry Road, Biloxi, MS 39532

Diamondhead Office · 5429 West Aloha Drive, Diamondhead, MS 39525

D’Iberville-St. Martin Office · 10491 Lemoyne Boulevard, D’Iberville, MS 39540

Downtown Gulfport Office · 1105 30th Avenue, Gulfport, MS 39501

Gautier Office · 2609 Highway 90, Gautier, MS 39553

Handsboro Office · 0412 E. Pass Road, Gulfport, MS 39507

Long Beach Office · 298 Jeff Davis Avenue, Long Beach, MS 39560

Ocean Springs Office · 2015 Bienville Boulevard, Ocean Springs, MS 39564

Orange Grove Office · 12020 Highway 49 North, Gulfport, MS 39503

Pass Christian Office · 301 East Second Street, Pass Christian, MS 39571

Saucier Office · 17689 Second Street, Saucier, MS 39574

Waveland Office · 470 Highway 90, Waveland, MS 39576

West Biloxi Office · 2560 Pass Road, Biloxi, MS 39531

Wiggins Office · 1312 S. Magnolia Drive, Wiggins, MS 39577

Item 2 of the 10-K filed Mar 18, 2026.11

Leadership

Who has led PEOPLES FINANCIAL CORP /MS/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Chevis Swetman2006–now

President

  1. Chevis Swetman2006–now

Chief financial officer

  1. Lauri A. Wood2006–2022
2010201520202025
Board members and other officers (23)

Former names

  • PEOPLES FINANCIAL CORPSep 9, 1996 to Feb 12, 19982

Timeline

  1. Jul 22, 20268-K Results of operations36
  2. May 27, 20268-K Results of operations37
  3. Apr 27, 20268-K Shareholder vote38
  4. Apr 22, 20268-K Results of operations39
  5. Jan 29, 20268-K Results of operations40
  6. Nov 25, 20258-K Results of operations41
  7. Oct 22, 20258-K Results of operations42
  8. Sep 2, 20258-K Shareholder vote43
  9. Jul 23, 20258-K Results of operations44
  10. May 28, 20258-K Results of operations45
  11. Apr 29, 20258-K Shareholder vote46
  12. Apr 23, 20258-K Results of operations47
  13. Jan 24, 2006New chief executive Chevis Swetman becomes CEO12

Calendar

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results36
  2. May 27, 2026Reported quarterly or annual results37
  3. Apr 22, 2026Reported quarterly or annual results39
  4. Jan 29, 2026Reported quarterly or annual results40
  5. Nov 25, 2025Reported quarterly or annual results41
  6. Oct 22, 2025Reported quarterly or annual results42
  7. Jul 23, 2025Reported quarterly or annual results44
  8. May 28, 2025Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

328 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 48 major events, 176 insider forms, 22 large holders, 62 other. The latest 20:

  1. Aug 24, 20264 PRIMARY DOCUMENT EDGAR
  2. Aug 14, 202610-Q EDGAR
  3. Aug 4, 2026SCHEDULE 13D/A EDGAR
  4. Aug 3, 20264 EDGAR
  5. Jul 22, 20268-K EDGAR
  6. Jul 17, 20264 EDGAR
  7. Jul 14, 20264 EDGAR
  8. Jul 6, 20264 EDGAR
  9. Jun 16, 202611-K EDGAR
  10. Jun 4, 20264 EDGAR
  11. May 29, 20264 PRIMARY DOCUMENT EDGAR
  12. May 29, 20264 PRIMARY DOCUMENT EDGAR
  13. May 28, 20264 PRIMARY DOCUMENT EDGAR
  14. May 28, 20264 PRIMARY DOCUMENT EDGAR
  15. May 27, 20264 EDGAR
  16. May 27, 20268-K EDGAR
  17. May 19, 20264 EDGAR
  18. May 13, 20264 EDGAR
  19. May 12, 20264 EDGAR
  20. May 12, 202610-Q EDGAR

The 328 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

123 open-market trades by officers, directors and large owners since October 2021: 120 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 24, 2026SWETMAN CHEVISCEO/PresidentBuy1,000$23.25$23.2KForm 4
Jul 31, 2026Stilwell Value Partners VII, L.P.10% ownerBuy42,658$22.25$949.1KForm 4
Jul 15, 2026Stilwell Activist Investments, L.P.10% ownerBuy2,500$21.75$54.4KForm 4
Jul 13, 2026Stilwell Activist Investments, L.P.10% ownerBuy200$21.50$4.3KForm 4
Jul 2, 2026Stilwell Joseph10% ownerBuy507$21.25$10.8KForm 4
Jul 1, 2026Stilwell Joseph10% ownerBuy2,150$21.25$45.7KForm 4
Jun 3, 2026Stilwell Activist Investments, L.P.10% ownerBuy200$21.25$4.2KForm 4
May 29, 2026Sliman George J IIIDirectorBuy2,000$21.25$42.5KForm 4
May 29, 2026Swetman Andrew TFirst Vice PresidentSale2,000$21.25$42.5KForm 4
May 28, 2026Barnes Ronald GDirectorBuy1,000$21.25$21.2KForm 4
May 28, 2026Swetman Andrew TFirst Vice PresidentSale1,000$21.25$21.2KForm 4
May 26, 2026Stilwell Joseph10% ownerBuy1,717$21.25$36.5KForm 4
May 18, 2026Stilwell Value LLC10% ownerBuy999$21.25$21.2KForm 4
May 12, 2026Stilwell Joseph10% ownerBuy500$21.25$10.6KForm 4
May 11, 2026Stilwell Activist Investments, L.P.10% ownerBuy789$21.25$16.8KForm 4
May 8, 2026Stilwell Activist Fund, L.P.10% ownerBuy2,212$21.25$47.0KForm 4
May 6, 2026Stilwell Joseph10% ownerBuy2,058$21.25$43.7KForm 4
May 4, 2026Stilwell Value LLC10% ownerBuy500$21.50$10.8KForm 4
Apr 29, 2026SWETMAN CHEVISCEO/PresidentBuy2,500$21.50$53.8KForm 4
Apr 27, 2026Dennis Padrick DDirectorBuy4,003$21.50$86.1KForm 4

All 123 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Joseph StilwellSCHEDULE 13D/A, 15 filings Feb 7, 2022 to Aug 4, 202648
  • Chevis SwetmanSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Feb 9, 202649
  • Jeffrey L. GendellSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202350

SEC filer profile

How PEOPLES FINANCIAL CORP /MS/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPEOPLES FINANCIAL CORP /MS/1
  • CIK0000770460
  • Employer ID (EIN)64-070983411
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company11
  • Incorporated inMississippi11
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address152 Lameuse Street, P O Box 529, Biloxi, MS 395301
  • Mailing addressP O Box 529, Biloxi, MS 39533-05291
  • Phone22843555111
  • Shares outstanding4,617,466 as of Jul 31, 20269
  • Public float$55.0M as of Jun 30, 202511
  • AuditorEisnerAmper LLP, Baton Rouge, LA PCAOB ID 247; no auditor attestation of internal control over financial reporting11
  • On EDGAR sinceMay 13, 19961
  • Filings1,155 in all: 4 (402), 8-K (205), 5 (125), 10-Q (93), 11-K (47), SC 13G/A (37), DFAN14A (33), DEF 14A (27)1
    All 42 form types

    10-K (25), SC 13D/A (22), 3 (17), UPLOAD (16), DEFC14A (12), PREC14A (12), CORRESP (11), DEFA14A (8), DFRN14A (6), SC 13G (6), 10-K405 (5), 10QSB (4), ARS (4), SC 13D (4), SCHEDULE 13D/A (4), 11-K/A (3), 4/A (3), 8-K/A (3), PRE 14A (3), 10-K405/A (2), S-8 (2), SCHEDULE 13G/A (2), 10-12G (1), 10-12G/A (1), 10-Q/A (1), 10KSB (1), 10KSB40 (1), 25 (1), 34-12H (1), 5/A (1), NT 11-K (1), PRER14A (1), PRRN14A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Feb 11, 2021
    Latest 8-K (8-K) Jul 22, 2026

Risk factors and legal proceedings

Legal proceedings

The Bank is involved in various legal matters and claims which are being defended and handled in the ordinary course of business. None of these matters are expected, in the opinion of Management, to have a material adverse effect upon the financial position or results of operations of the Company.

Additionally, on June 30, 2023, Stilwell Activist Investments, L.P., issued a letter to the Company and each of the directors of the Company demanding that they immediately commence litigation on behalf of the Company for an alleged breach by the Company’s Board of Directors of its fiduciary duties in allegedly failing to properly oversee and supervise Chevis and Tanner Swetman’s management of the Company. At its July 2023 meeting, the Board of Directors of the Company established a Special Litigation Committee made up of three independent directors to investigate the allegations made in the letter. Rather than wait for the Special Litigation Committee to conclude its inquiry, Stilwell Activist Investments, L.P., filed on September 29, 2023, a Complaint against the Company and Directors Chevis Swetman, Padrick D. Dennis, Jeffrey H. O’Keefe, Paige Reed Riley, Ronald Barnes, and George Sliman, III, making the same allegations that appear in the demand letter. The Court stayed the lawsuit pending the Special Litigation Committee’s inquiry. The Special Litigation Committee concluded that pursuing the claims is not in the Company’s best interest, and on March 22, 2024, the Company filed a motion to dismiss. The motion to dismiss was heard by the Court on October 17, 2024, and denied, allowing limited discovery as to the reasonableness of the Special Litigation Committee’s inquiry.

The opening of Item 3, Legal Proceedings.11

Sources

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