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Overview of Peoples Bancorp Inc
Peoples Bancorp Inc is a diversified financial holding company that offers a full spectrum of banking, trust, investment, insurance, and premium financing solutions. As a community bank with deep roots in its regional markets, Peoples leverages advanced digital banking platforms alongside traditional in-branch services to deliver a comprehensive financial experience.
Comprehensive Financial Solutions
The company is dedicated to making available a complete line of financial products. Its core offerings include demand deposit and savings accounts, real estate mortgage and commercial loans, merchant transaction processing, as well as a range of insurance products covering life, health, property, and casualty. Additionally, Peoples provides personalized trust and investment services that cater to both individual and corporate clients, reinforcing its position as a full-service financial institution.
Digital and In-Person Banking
Peoples Bancorp integrates modern technology into its service delivery. Its telephone and internet-based banking platforms are designed for ease of use and accessibility on both personal computers and mobile devices. This dual approach of digital innovation combined with a strong physical presence ensures the company meets the diverse needs of its community while remaining agile in today’s fast-evolving financial landscape.
Market Position and Community Focus
Operating primarily in Ohio, West Virginia, Kentucky, and adjacent areas, Peoples Bancorp is known for its commitment to community-based banking. The company has built a reputation for stable, independent operations that emphasize financial reliability and personalized service. Its integrated business model supports organic growth and strategic acquisitions, while its diverse product mix acts as a buffer against market fluctuations.
Integrated Business Model and Revenue Streams
The company’s revenue comes from a range of sources that include traditional interest income on loans, fee-based income from deposit accounts and transaction processing, and earnings from investment and insurance products. By maintaining a well-balanced portfolio of financial services, Peoples ensures a resilient operating model that addresses both the needs of its clients and the challenges of a competitive industry.
Expertise in Financial Services and Risk Management
With decades of industry experience, Peoples Bancorp demonstrates a deep understanding of asset and liability management, credit risk assessment, and market dynamics. The company’s systematic approach to financial planning and risk control reflects its commitment to maintaining asset quality and operational efficiency. Industry-specific measures and internal credit loss assessments are part of its diligent overall strategy, which supports sustainable growth.
Commitment to Transparency and Trust
Peoples Bancorp stands out for its clear communication and transparency in operational performance. Its unbiased reporting and detailed financial disclosures ensure that investors and customers have confidence in its business practices. This commitment to trustworthiness reinforces its standing as a reliable community banking institution deeply committed to its clients.
Overall, Peoples Bancorp Inc is a storied institution that combines traditional community banking with innovative digital solutions, making it an enduring component of its regional financial landscape. Its comprehensive suite of products and robust operational model make it an essential resource for individuals, families, and businesses seeking comprehensive financial solutions.
Peoples Bancorp (Nasdaq: PEBO) has scheduled its first quarter 2025 earnings release for April 22, 2025, before market opens, followed by a conference call at 11:00 a.m. EDT. President and CEO Tyler Wilcox and CFO Kathryn Bailey will provide commentary and host a Q&A session.
The diversified financial services holding company, headquartered in Marietta, Ohio, reported $9.3 billion in total assets as of December 31, 2024. The company maintains 148 locations, including 129 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.
Peoples Bank offers comprehensive financial solutions including banking, trust and investment, insurance, premium financing, and equipment leasing through its subsidiaries. The company is a member of the Russell 3000 index.
Peoples Bancorp (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on February 18, 2025, to shareholders of record on February 3, 2025. The dividend totals approximately $14.2 million, representing 52.8% of the company's Q4 2024 earnings. Based on the January 17, 2025 closing price of $31.30, this dividend yields an annualized 5.11%.
The financial services holding company reported $9.3 billion in total assets as of December 31, 2024, and operates 148 locations, including 129 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. The company, headquartered in Marietta, Ohio since 1902, is a member of the Russell 3000 index.
Peoples Bancorp Inc. (NASDAQ: PEBO) reported fourth quarter 2024 net income of $26.9 million ($0.76 per diluted share), down from $31.7 million ($0.89) in Q3 2024 and $33.8 million ($0.96) in Q4 2023. Full-year 2024 net income reached $117.2 million ($3.31 per share) compared to $113.4 million ($3.44) in 2023.
Key Q4 2024 metrics include: net interest income decreased $2.4 million (3%) quarter-over-quarter, net interest margin declined to 4.15% from 4.27%, and provision for credit losses was $6.3 million. Period-end total loan balances increased $86.2 million (5% annualized), while total deposits grew $111.9 million (2%). The efficiency ratio rose to 59.6% from 55.1% in Q3.
The company completed its Limestone Bancorp merger on April 30, 2023, valued at $177.9 million, which contributed to the year's performance.
Peoples Bancorp Inc. (Nasdaq: PEBO) has scheduled its fourth quarter and full year 2024 earnings release for January 21, 2025, before market opens. A conference call with analysts, media, and investors will follow at 11:00 a.m. Eastern Time, featuring commentary from President and CEO Tyler Wilcox and CFO Kathryn Bailey.
The diversified financial services holding company, headquartered in Marietta, Ohio, reported $9.1 billion in total assets as of September 30, 2024. The company operates 149 locations, including 130 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is included in the Russell 3000 index and provides banking, trust, investment, insurance, premium financing, and equipment leasing solutions.
Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on November 18, 2024, to shareholders of record on November 4, 2024. This dividend represents a payout of approximately $14.2 million, or 44.9% of Peoples' reported third quarter 2024 earnings. Based on the closing stock price of $31.70 on October 18, 2024, the dividend yields an annualized 5.05%.
Peoples Bancorp Inc. is a diversified financial services holding company with $9.1 billion in total assets as of September 30, 2024. The company operates 149 locations, including 130 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is included in the Russell 3000 index of U.S. publicly-traded companies.
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.
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