Core Insights - Peoples Bancorp reported revenue of $111.63 million for the quarter ended December 2024, a decrease of 1.2% year-over-year, but exceeded the Zacks Consensus Estimate by 1.99% [1] - Earnings per share (EPS) were $0.82, down from $1.04 in the same quarter last year, with a surprise of 9.33% over the consensus estimate of $0.75 [1] Financial Performance Metrics - Total earning assets averaged $8.21 billion, slightly below the estimated $8.29 billion [4] - Net Interest Margin was reported at 4.2%, surpassing the average estimate of 4.1% [4] - Net charge-offs as a percentage of average total loans (annualized) were 0.6%, higher than the 0.4% average estimate [4] - Efficiency ratio stood at 59.6%, better than the average estimate of 61.9% [4] - Mortgage banking income was $0.17 million, significantly lower than the average estimate of $0.97 million [4] - Total Non-interest income was $25.09 million, slightly below the average estimate of $25.18 million [4] - Electronic banking income was $6.27 million, compared to the average estimate of $6.45 million [4] - Bank owned life insurance income was $1.22 million, exceeding the average estimate of $0.48 million [4] - Insurance income was reported at $4.52 million, slightly above the average estimate of $4.40 million [4] - Deposit account service charges were $4.50 million, close to the average estimate of $4.54 million [4] - Net Interest Income was $86.54 million, exceeding the average estimate of $84.74 million [4] - Net interest income on a fully tax-equivalent basis was $86.82 million, also above the average estimate of $84.85 million [4] Stock Performance - Shares of Peoples Bancorp have returned -2.6% over the past month, while the Zacks S&P 500 composite increased by 1.2% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Peoples Bancorp (PEBO) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.33%. A quarter ago, it was expected that this financial services and products company would post earnings of $0.83 per share when it actually produced earnings of $0.89, delivering a surprise of 7.23%.Over the la ...

Core Points - Peoples Bancorp Inc. reported a net income of $26.9 million for Q4 2024, down from $31.7 million in Q3 2024 and $33.8 million in Q4 2023, with earnings per diluted common share of $0.76 [1][2] - For the full year 2024, net income was $117.2 million, an increase from $113.4 million in 2023, with earnings per diluted common share of $3.31 compared to $3.44 in 2023 [1][2] Statement of Operations Highlights - The increase in net income for 2024 marked the third consecutive year of record net income for the company [2] - Higher swap fee income driven by customer demand contributed to the increase in net income [3] Balance Sheet Highlights - The merger with Limestone Bancorp was completed on April 30, 2023, valued at $177.9 million, with acquisition-related expenses recorded [5] - Total loan and lease balances increased by $86.2 million, or 5% annualized, compared to September 30, 2024, driven by growth in commercial and industrial loans [13][32] Net Interest Income - Net interest income for Q4 2024 was $86.5 million, a decrease of $2.4 million from the linked quarter, with a net interest margin of 4.15% [6][13] - For the full year 2024, net interest income increased by $9.3 million, or 3%, compared to 2023, driven by higher market interest rates and additional income from the Limestone Merger [9][10] Provision for Credit Losses - The provision for credit losses was $6.3 million for Q4 2024, down from $6.7 million in Q3 2024, but up from $1.3 million in Q4 2023 [11][12] - For the full year 2024, the provision for credit losses was $24.8 million, compared to $15.2 million in 2023, primarily due to higher net charge-offs and loan growth [12] Non-Interest Income and Expense - Total non-interest income, excluding net gains and losses, increased by $1.2 million, or 5%, for Q4 2024 compared to the linked quarter, driven by higher swap fee income [18] - Total non-interest expense increased by $4.4 million, or 7%, for Q4 2024 compared to the linked quarter, primarily due to acquisition-related expenses [21][22] Asset Quality - Overall asset quality remained stable, with delinquency trends showing 98.7% of loans considered current as of December 31, 2024 [36] - Nonperforming assets decreased by $20.8 million, or 30%, compared to September 30, 2024, but increased by $9.6 million, or 24%, compared to December 31, 2023 [37] Deposits - Total deposits increased by $111.9 million, or 2%, compared to September 30, 2024, driven by increases in brokered certificates of deposit and core deposits [42] - Compared to December 31, 2023, total deposit balances increased by $442.8 million, or 6% [43] Stockholders' Equity - Total stockholders' equity decreased by $13.4 million, or 1%, compared to September 30, 2024, primarily due to an increase in accumulated other comprehensive loss [47] - Compared to December 31, 2023, total stockholders' equity increased by $58.1 million, or 6% [48] Capital Ratios - The tier 1 risk-based capital ratio was 12.40% at December 31, 2024, compared to 12.59% at September 30, 2024 [49] - The common equity tier 1 risk-based capital ratio improved to 11.96% at December 31, 2024, compared to 11.80% at September 30, 2024 [49]

Wall Street analysts expect Peoples Bancorp (PEBO) to post quarterly earnings of $0.75 per share in its upcoming report, which indicates a year-over-year decline of 27.9%. Revenues are expected to be $109.45 million, down 3.1% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a company's ear ...

MARIETTA, Ohio, Dec. 27, 2024 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced it intends to release fourth quarter and full year 2024 earnings before the market opens on Tuesday, January 21, 2025, and conduct a facilitated conference call with analysts, media and individual investors at 11:00 a.m. Eastern Time on the same date. The conference call will consist of commentary from Tyler Wilcox, President and Chief Executive Officer, and Kathryn Bailey, Chief Financial Officer a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 000-16772 | --- | --- | --- | --- | |-------|------------------------------------------------------------------------ ...

P.O. BOX 738 - MARIETTA, OHIO - 45750 www.peoplesbancorp.com NEWS RELEASE FOR IMMEDIATE RELEASE Contact: Katie Bailey October 22, 2024 Chief Financial Officer and Treasurer (740) 376-7138 PEOPLES BANCORP INC. ANNOUNCES THIRD QUARTER 2024 RESULTS _____________________________________________________________________ MARIETTA, Ohio - Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today announced results for the quarter ended September 30, 2024. Net income totaled $31.7 million for the third quarter of 2024, r ...

Peoples Bancorp Inc. (NASDAQ:PEBO) Q3 2024 Earnings Call Transcript October 22, 2024 11:00 AM ET Company Participants Tyler Wilcox - President and CEO Katie Bailey - CFO and Treasurer Conference Call Participants Daniel Tamayo - Raymond James Brendan Nosal - Hovde Group Terry McEvoy - Stephens Nathan Race - Piper Sandler Tim Switzer - KBW Manuel Navas - D.A. Davidson Daniel Cardenas - Janney Montgomery Scott Operator Good morning, and welcome to Peoples Bancorp Inc.'s Conference Call. My name is Gary, and I ...

For the quarter ended September 2024, Peoples Bancorp (PEBO) reported revenue of $113.71 million, down 2.7% over the same period last year. EPS came in at $0.89, compared to $1.06 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $112.3 million, representing a surprise of +1.25%. The company delivered an EPS surprise of +7.23%, with the consensus EPS estimate being $0.83.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Peoples Bancorp (PEBO) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.23%. A quarter ago, it was expected that this financial services and products company would post earnings of $0.85 per share when it actually produced earnings of $0.84, delivering a surprise of -1.18%.Over the l ...