Peoples Financial Services Corp. reported a net income of $6.7 million, or $0.95 per diluted share, for the three months ended September 30, 2023. This represents a 32.3% decrease compared to the $10.0 million, or $1.38 per share, reported for the same period in 2022. The decline was primarily due to lower net interest income driven by higher deposit costs, and increased operating expenses mainly attributed to acquisition-related expenses.