PEOP Profile
Peoples Federal Bancshares, Inc. (PEOP) is a bank holding company that owns and operates Peoples Federal Savings Bank, a federally-chartered savings bank that provides a range of banking and financial services to customers in Ohio.
As of its most recent financial reports, PEOP reported total assets of $625.3 million and total deposits of $556.2 million as of December 31, 2020. The bank reported a net income of $2.8 million for the fiscal year ended December 31, 2020, a decrease of 21.4% compared to the previous year.
Peoples Federal Savings Bank's growth strategy includes expanding its lending portfolio, improving its operational efficiencies, and leveraging technology to enhance customer service and satisfaction. The bank's focus on providing personalized banking and financial services to its customers has enabled it to establish a strong presence in the local communities it serves.
Investing in bank holding companies like Peoples Federal Bancshares carries market risks, including the risk of market volatility, changes in interest rates, and changes in government policies and regulations affecting the banking industry. Investors should carefully consider these risks before investing in PEOP and consult with a financial advisor to determine if it is an appropriate investment for their portfolio. They should also review the bank's public disclosures and financial statements to gain a better understanding of its financial performance and risks.
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