Peoples Bancorp (US:PEBO) ZACKSยท2025-01-21 15:36Core 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]