Peoples Bancorp Inc/OH - PEBO STOCK NEWS

Peoples Bancorp Inc. (PEBO) declared a quarterly cash dividend of $0.38 per common share on January 23, 2023, with a payment date set for February 21, 2023. This dividend totals approximately $10.8 million, representing 40.1% of the reported fourth quarter 2022 earnings. Based on the closing stock price of $28.31 on January 20, 2023, the annualized yield stands at 5.37%. As of December 31, 2022, Peoples reported total assets of $7.2 billion and operates 130 locations across various states.

Marietta, Ohio-based Peoples Bancorp Inc. (NASDAQ: PEBO) reported a strong financial performance for the fourth quarter and full year 2022. Net income for Q4 was $26.8 million, with an earnings per diluted share of $0.95, up from $0.92 in Q3 2022 but slightly down from $0.98 in Q4 2021. For the full year, net income reached $101.3 million, signifying a substantial increase from $47.6 million in 2021. The company benefitted from rising net interest income, driven by acquisitions and higher market interest rates, with a net interest margin of 4.44%. The planned acquisition of Limestone Bancorp is set for Q2 2023, valued at approximately $208.2 million.

Peoples Bancorp Inc. (Nasdaq: PEBO) announced the election of Carol A. Schneeberger to its Board of Directors on January 23, 2023. Schneeberger, 66, previously served as Executive Vice President and Chief Administrative Officer at Peoples, contributing over 42 years of experience in banking. Her expertise spans operations, compliance, and information security, which is expected to enhance the Board's oversight capabilities. Chairman Susan Rector and CEO Chuck Sulerzyski expressed confidence in Schneeberger's ability to provide valuable insights that align with the company's strategic goals. As of December 31, 2022, Peoples had $7.2 billion in total assets and operates 130 locations.

Peoples Bancorp Inc. (Nasdaq: PEBO) will release its fourth quarter and full year 2022 earnings on January 24, 2023, before market opens. A conference call will follow at 11:00 a.m. ET featuring CEO Chuck Sulerzyski and CFO Katie Bailey, who will discuss the results and answer questions. Participants can call (866) 890-9285 or access the webcast via the company's website. Peoples Bancorp, headquartered in Marietta, Ohio, boasts $7.0 billion in assets and operates 130 locations across multiple states.

Limestone Bancorp, Inc. (NASDAQ: LMST) has announced the termination of its Tax Benefit Preservation Plan, initially established in 2015 to safeguard the company's tax assets. This move aligns with the recent merger agreement with Peoples Bancorp, Inc. (NASDAQ: PEBO), leading to an accelerated expiration of the plan as of October 24, 2022. Shareholders are not required to take any action regarding the termination. However, the company's Articles of Incorporation still enforce restrictions to protect its tax assets.

Peoples Bancorp Inc. (PEBO) and Limestone Bancorp, Inc. (LMST) have signed a definitive agreement for an all-stock merger valued at approximately $208.2 million. This merger will enhance Peoples' market presence by adding Limestone's 20 branches across Kentucky, increasing total assets to $8.5 billion upon completion. Shareholders of Limestone will receive 0.90 shares of Peoples common stock for each share of Limestone they own, with the merger expected to close in the second quarter of 2023.

The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.38 per common share on October 24, 2022. This payout, amounting to approximately $10.7 million, is scheduled for payment on November 21, 2022, to shareholders of record on November 7, 2022. Based on the closing stock price of $29.60 on October 20, 2022, the dividend yields 5.14%. Peoples, headquartered in Marietta, Ohio, has total assets of $7.0 billion as of September 30, 2022, with 130 locations across several states.

Peoples Bancorp Inc. reported a third-quarter 2022 net income of $26.0 million, translating to $0.92 per diluted share, surpassing $0.88 from the prior quarter and turning around from a loss of $0.28 from Q3 2021. For the nine months ending September 30, 2022, net income reached $74.4 million ($2.65 per share), significantly up from $19.8 million a year earlier. Key drivers include a 9% increase in net interest income and a 40 basis point rise in net interest margin. However, a provision for credit losses of $1.8 million and non-core expenses affected earnings.

Peoples Bancorp Inc. (Nasdaq: PEBO) announced it will release its third quarter 2022 earnings on October 25, 2022, before market opening, followed by a conference call at 11:00 a.m. EDT. The call will feature insights from President & CEO Chuck Sulerzyski and CFO Kathryn Bailey, with a Q&A session afterwards. As of June 30, 2022, Peoples Bancorp reported $7.3 billion in total assets and operates 132 locations across multiple states. The conference call can be accessed via phone or webcast, and an audio replay will be available for one year.