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 OR For the quarterly period ended June 30, 2021 ☐ 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 PEOPLES BANCORP INC. (Exact name of Registrant as specified in its charter) | Ohio | 31-0987416 | | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Commission File Number: 000-16772 PEOPLES BANCORP INC. (Exact name of Registrant as specified in its charter) Ohio 31-0987416 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 138 Putnam Street, P.O. Box 738, Marietta, Ohio 45750 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (740) 373-3155 Not Applicable (Form ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 PEOPLES BANCORP INC. | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Ohio | | 3 ...

Financial Data and Key Metrics Changes - The company reported record quarterly net income with diluted EPS of $1.05 in Q4 2020, compared to $0.51 in the linked quarter and $0.72 in Q4 2019 [7] - For the full year 2020, diluted EPS was $1.73, down from $2.63 in 2019 [7] - The company achieved positive operating leverage for the full year 2020 compared to 2019, meaning revenue growth outpaced expense growth [8] - The provision for credit losses totaled $26.3 million for 2020, with a recovery of $7.3 million recognized in Q4 [9][10] Business Line Data and Key Metrics Changes - The company’s PPP loan balances declined by $94 million or 20% from September 30, 2020, with $3.7 million of interest income recognized from PPP loans in Q4 [8][9] - New deposit accounts associated with PPP clients totaled nearly $15 million, with $35 million in loans [9] - The loan portfolio saw a 2% decline from September 30, 2020, primarily due to the forgiveness of PPP loans [19] Market Data and Key Metrics Changes - The company noted improvements in economic forecasts, with a 2% improvement in U.S. unemployment and a 3% improvement in Ohio GDP compared to previous forecasts [9] - The delinquency rate improved, with 98.9% of the total loan portfolio considered current at the end of December 2020, compared to 98.6% at the end of 2019 [16] Company Strategy and Development Direction - The company aims for low single-digit loan growth in 2021, excluding PPP loans, contingent on continued economic improvement [40] - The management expressed optimism about potential acquisitions within their footprint and emphasized a commitment to maintaining capital levels while considering stock buybacks [55][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant impact of the COVID-19 pandemic on operations and expressed confidence in the resilience of their business model [6] - The company anticipates higher expenses in Q1 2021 due to seasonal factors but remains optimistic about loan growth based on early indicators [40] - Management expects to see a stabilization in charge-offs, projecting them to remain flat year-over-year in 2021, depending on economic recovery and vaccination progress [81] Other Important Information - The company repurchased $4.3 million in shares during Q4 2020, totaling nearly $30 million for the year [36] - The allowance for credit losses stood at 1.48% of total loans at December 31, 2020, a reduction from 1.67% at September 30, 2020 [37] Q&A Session Summary Question: What is the trend for PPP forgiveness? - Management indicated that approximately 31% of the PPP loans have been forgiven as of the call, with expectations for most of the first batch to be forgiven in Q1 and Q2 2021 [45] Question: What are the expectations for net charge-offs in 2021? - Management believes charge-offs may remain flat year-over-year, with a potential return to more normal levels in the 20 to 30 basis points range, depending on economic conditions [81] Question: What are the capital priorities for 2021? - The company remains committed to dividends and is optimistic about acquisitions, while expecting less buyback activity compared to 2020 [55]

Peoples Bancorp, Inc. (NASDAQ:PEBO) Q3 2020 Earnings Conference Call October 20, 2020 11:00 AM ET Company Participants Charles Sulerzyski - President, CEO & Director Kathryn Bailey - EVP, CFO & Treasurer Conference Call Participants Robert Siefers - Piper Sandler & Co. Stephen Moss - B. Riley Securities, Inc. Michael Perito - KBW Russell Gunther - D.A. Davidson & Co. Joseph Plevelich - Boenning and Scattergood Operator Good morning, and welcome to Peoples Bancorp Inc.'s conference Call. My name is Sarah, an ...

Peoples Bancorp Inc. (NASDAQ:PEBO) Q2 2020 Earnings Conference Call July 21, 2020 11:00 AM ET Â Company Participants Chuck Sulerzyski - President and CEO John Rogers - CFO and Treasurer Conference Call Participants Scott Siefers - Piper Sandler Michael Schiavone - KBW Russell Gunther - DA Davidson Steve Moss - B. Riley FBR Operator Good morning, and welcome to Peoples Bancorp, Incorporated Conference Call. My name is Mike and I will be your conference facilitator today. Today's call will cover a discussion ...

Financial Data and Key Metrics Changes - The company reported a loss of $0.04 per share for Q1 2020, significantly impacted by COVID-19 and related economic conditions [5][13] - Net charge-off rate was 7 basis points for the quarter, with total provision for credit losses amounting to $17 million, affecting diluted EPS by $0.65 [12][13] - Return on average assets was a negative 7 basis points, with a pre-tax pre-provision return on average assets of 1.5% [16] Business Line Data and Key Metrics Changes - Loan growth was 5% annualized compared to the linked quarter, primarily driven by construction, commercial, and residential real estate loans [20] - Commercial lending modifications totaled approximately $500 million, with consumer loan relief solutions also being offered [9][10] - Core deposit growth was 7% from the linked quarter, with a notable increase in non-interest-bearing deposits [35] Market Data and Key Metrics Changes - The company approved 2,432 PPP loans totaling $426 million, with expectations of continued demand once additional funding is available [7] - The company was selected by JobsOhio for a loan program aimed at aiding small businesses, providing a 90% guarantee on the first $25 million of increased exposure [8] Company Strategy and Development Direction - The company announced an acquisition of a premium finance company with approximately $100 million in assets, aimed at diversifying product offerings [4] - Management emphasized the importance of maintaining a diversified revenue stream, which includes insurance and fee-based businesses [27][47] - The company plans to continue supporting clients through loan modifications and relief programs during the pandemic [6][48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the pandemic but expressed confidence in the stability of their loan portfolio due to diversified exposure [17][48] - The company anticipates a net interest margin between 3.3% and 3.45% for the latter part of 2020, with total non-interest expense projected between $33 million and $34 million per quarter [49] - Future loan growth is expected to be between 0% and 2% for 2020, with potential for improvement in the latter half of the year [49] Other Important Information - The company implemented the CECL accounting standard, resulting in a significant increase in the allowance for credit losses [41][43] - The company maintained a strong capital position with a Tier 1 capital ratio of 14.1% and tangible equity to tangible assets ratio of 9.5% [38] Q&A Session Summary Question: Key assumptions for reserve calculations - Management used Moody's baseline scenario, projecting US unemployment to rise to approximately 8.66% and Ohio GDP to drop by 3% [57] Question: Aggregate number for stressed industries - Approximately $612 million of the loan portfolio is in industries considered vulnerable, with a significant portion in stable franchises like McDonald's [59][60] Question: Near-term operating expense run rate - Expected operating expenses are projected to be between $33 million and $34 million per quarter for the remainder of the year [70][73] Question: Clarification on deferrals - The $500 million in deferrals primarily pertains to commercial loans, with consumer loan deferrals totaling about $46 million [80] Question: Impact of PPP on income - The company expects to earn approximately $13 million in pre-tax income from the PPP program, primarily from origination fees [82][83] Question: Internal stress testing assumptions - Management indicated that potential aggregate loss rates are projected to be in the high single-digits under stressed scenarios [86]

Peoples Bancorp Inc. (NASDAQ:PEBO) Q4 2019 Earnings Conference Call January 21, 2020 11:00 AM ET Company Participants Chuck Sulerzyski - President & Chief Executive Officer John Rogers - Chief Financial Officer & Treasurer Conference Call Participants Michael Perito - KBW Scott Siefers - Piper Sandler Russell Gunther - D.A. Davidson. Operator Good morning, and welcome to Peoples Bancorp Inc.'s Conference Call. My name is Rocco, and I will be your conference facilitator today. Today's call will cover a discu ...

Peoples Bancorp Inc. (NASDAQ:PEBO) Q2 2019 Results Conference Call July 23, 2019 11:00 AM ET Company Participants Chuck Sulerzyski - President and Chief Executive Officer John Rogers - Chief Financial Officer and Treasurer Conference Call Participants Jeanie Dwinell - Sandler O'Neill Kevin Reevey - D.A. Davidson Michael Perito - KBW Dan Cardenas - Raymond James Operator Good morning. And welcome to Peoples Bancorp Incorporated 2019 Second Quarter Earnings Conference Call. My name is Ben, and I will be your ...

Peoples Bancorp Inc. (NASDAQ:PEBO) Q1 2019 Results Earnings Conference Call April 23, 2019 11:00 AM ET Company Participants Chuck Sulerzyski - President and CEO John Rogers - CFO and Treasurer Conference Call Participants Jeanie Dwinell - Sandler O'Neill Kevin Reevey - D.A. Davidson Michael Perito - KBW Daniel Cardenas - Raymond James Operator Good morning, and welcome to Peoples Bancorp Inc.'s Conference Call to discuss First Quarter 2019 results. My name is Andrea and I will be your conference facilitator ...