Peoples Bancorp Inc/OH - PEBO STOCK NEWS

Peoples Bancorp Inc. (NASDAQ: PEBO) announced Q3 2024 results with a net income of $31.7 million, translating to $0.89 per diluted share. This is an increase from Q2 2024's $29.0 million ($0.82/share) but a slight decrease from Q3 2023's $31.9 million ($0.90/share). Key highlights include:

• Net interest income rose by $2.3 million compared to the previous quarter.
• Net interest margin improved to 4.27%.
• Provision for credit losses increased to $6.7 million, impacting earnings by $0.15 per share.
• Total non-interest income grew by $1.2 million, driven by higher mortgage banking income.
• Total non-interest expense decreased by $2.7 million quarter-over-quarter.
• Deposits increased by $185.4 million, while loans and leases decreased by $53.5 million.
• Stockholders' equity to total assets ratio improved to 12.31%.

The Limestone Merger contributed to the financials, with acquisition-related expenses reducing significantly.

Peoples Bancorp Inc. (Nasdaq: PEBO) has announced its plans to release third quarter 2024 earnings before the market opens on Tuesday, October 22, 2024. The company will also conduct a conference call at 11:00 a.m. EDT on the same day. The call will feature commentary from Tyler Wilcox, President and CEO, and Kathryn Bailey, CFO and Treasurer, followed by a Q&A session.

Peoples is a diversified financial services holding company headquartered in Marietta, Ohio since 1902. As of June 30, 2024, the company had $9.2 billion in total assets and 150 locations, including 130 full-service bank branches across six states. Peoples is a member of the Russell 3000 index and offers services through various subsidiaries including Peoples Bank, Peoples Insurance Agency, , and Vantage Financial,

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on August 19, 2024, to shareholders of record on August 5, 2024. This dividend represents a payout of approximately $14.2 million, or 49.0% of Peoples' reported second quarter 2024 earnings. Based on the closing stock price of $32.89 on July 19, 2024, the dividend yields an annualized 4.86%.

Peoples Bancorp Inc., headquartered in Marietta, Ohio, is a diversified financial services holding company with $9.2 billion in total assets as of June 30, 2024. The company operates 150 locations, including 130 full-service bank branches across six states. Peoples is also a member of the Russell 3000 index.

Peoples Bancorp Inc. (NASDAQ: PEBO) announced its Q2 2024 results, reporting net income of $29.0 million and earnings per diluted share of $0.82. This compares to $29.6 million in Q1 2024 and $21.1 million in Q2 2023. Net interest income remained stable, while net interest margin decreased to 4.18%. The provision for credit losses was $5.7 million, down from $6.1 million in Q1 2024. Non-interest income dropped by $1.6 million due to lower insurance income, and non-interest expenses rose slightly by $0.3 million.

Notably, total loans and leases increased by $122.5 million, driven by growth in various loan categories. Asset quality remained stable with improved delinquency trends. Total deposits decreased by $28.8 million, but core deposits rose by $42.0 million. The company also completed its $177.9 million merger with Limestone Bancorp, which contributed to financial results.

Looking ahead, Peoples Bancorp remains focused on maintaining stable credit metrics and managing expenses while pursuing growth opportunities.

Peoples Bancorp Inc. (Nasdaq: PEBO) will release its second quarter 2024 earnings on July 23, 2024, before the market opens. A conference call will follow at 11:00 a.m. EDT, led by CEO Tyler Wilcox and CFO Kathryn Bailey, to discuss the results and answer questions. Participants can join by dialing (866) 890-9285 or through a webcast available on the company's Investor Relations website. The audio replay will be accessible for one year.

Peoples Bancorp, headquartered in Marietta, Ohio, offers a range of banking, trust, investment, insurance, premium financing, and equipment leasing services through its subsidiaries. As of March 31, 2024, it had $9.3 billion in assets and 152 locations, including 133 full-service branches across multiple states.

Peoples Bancorp Inc. declared a quarterly cash dividend of $0.40 per common share, representing a payout of approximately $14.2 million and an annualized yield of 5.62%. The company reported first quarter 2024 earnings and had $9.3 billion in total assets as of March 31, 2024. Peoples offers a range of financial services through its subsidiaries and operates 152 locations across several states.

Peoples Bancorp Inc. announced first quarter 2024 results with net income of $29.6 million and earnings per share of $0.84. Despite a decline in net interest income and an increase in provision for credit losses, the company remains focused on shareholder return and business growth.

Peoples Bancorp Inc. (PEBO) plans to release its first quarter 2024 earnings on April 23, 2024, followed by a conference call with key executives. The company, founded in 1902, offers a range of financial services and has $9.2 billion in total assets as of December 31, 2023.

Peoples Bancorp Inc. announced the retirement of Tara M. Abraham and James S. Huggins from the Board of Directors, effective April 25, 2024. Both have served on the Boards since 2012. Peoples Bank, the banking subsidiary, will see their departure. Peoples Bank has been headquartered in Marietta, Ohio, since 1902 and has $9.2 billion in total assets as of December 31, 2023. The company operates 149 locations across several states.