Peoples Bancorp (US:PEBO) ZACKSยท2024-10-22 14:35Core Insights - Peoples Bancorp reported a revenue of $113.71 million for the quarter ended September 2024, reflecting a decrease of 2.7% year-over-year, with EPS at $0.89 compared to $1.06 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $112.3 million by 1.25%, while the EPS surpassed the consensus estimate of $0.83 by 7.23% [1] Financial Performance Metrics - Total earning assets averaged $8.19 billion, below the average estimate of $8.34 billion from three analysts [2] - Net Interest Margin was reported at 4.3%, slightly above the estimated 4.2% [2] - Efficiency ratio stood at 55.1%, significantly better than the average estimate of 60.6% [2] - Net charge-offs as a percentage of average total loans (annualized) were 0.4%, higher than the average estimate of 0.3% [2] - Mortgage banking income was $1.05 million, exceeding the estimated $0.23 million [2] - Total Non-interest income reached $24.79 million, slightly below the average estimate of $24.93 million [2] - Electronic banking income was $6.36 million, below the estimated $6.60 million [2] - Bank owned life insurance income was $0.46 million, significantly lower than the average estimate of $1.08 million [2] - Insurance income was reported at $4.27 million, slightly below the estimated $4.40 million [2] - Deposit account service charges totaled $4.52 million, above the average estimate of $4.34 million [2] - Net Interest Income was $88.91 million, exceeding the estimated $87.22 million [2] - Net interest income on a fully tax-equivalent basis was $89.23 million, compared to the average estimate of $87.10 million [2] Stock Performance - Shares of Peoples Bancorp have returned +0.7% over the past month, underperforming the Zacks S&P 500 composite's +2.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]