Peoples Bancorp (US:PEBO)2025-01-21 16:57Financial Performance - Net income grew to $1172 million, or $331 of diluted EPS for 2024[12] - Deposit growth reached $443 million, representing a 6% increase[12] - Fee-based income experienced a 10% growth[12] - The efficiency ratio stood at 580%[12] Loan Portfolio - Total loan balances grew 5% annualized compared to September 30, 2024[16] - As of December 31, 2024, 47% of loans were fixed rate, with the remaining 53% at a variable rate[16] - North Star Leasing balances comprised only 3% of the total loan portfolio at December 31, 2024[19] Asset Quality - As of December 31, 2024, 987% of the loan portfolio was considered "current", compared to 985% at September 30, 2024[23] Net Interest Income - Net interest income declined 3% compared to the linked quarter, attributable to lower accretion income[27] - Accretion income added 23 basis points to net interest margin, compared to 39 basis points for the linked quarter[27] Non-Interest Income and Expense - For the full year of 2024, non-interest income increased 14%[31] - Core non-interest expense increased 4% compared to the linked quarter[37] 2025 Outlook - Loan growth is projected to be between 4% and 6% for the full year of 2025, compared to 2024[50]