Peoples Bancorp Inc/OH - PEBO STOCK NEWS

Peoples Bancorp Inc. (Nasdaq: PEBO) reported a net income of $24.9 million for Q2 2022, with earnings per diluted share of $0.88, up from $0.84 in Q1 2022 and $0.51 in Q2 2021. For the first half of 2022, net income reached $48.5 million, or $1.72 per diluted share, compared to $25.6 million, or $1.31 per diluted share in 2021. The Vantage acquisition contributed significantly to a 55% increase in net interest income year-over-year. However, non-interest income faced a slight decline of 2% quarter-over-quarter. Overall, the company continued to focus on enhancing shareholder value through strategic growth and stable earnings.

Peoples Bancorp Inc. (Nasdaq: PEBO) will announce its second quarter 2022 earnings on July 26, 2022, before market opening. Following the earnings release, a conference call is scheduled for 11:00 a.m. EDT, featuring CEO Chuck Sulerzyski and CFO Kathryn Bailey. Interested individuals can participate by calling in or joining via the webcast. As of March 31, 2022, Peoples held $7.2 billion in total assets across 136 locations in several states, showcasing its substantial footprint in the financial services sector.

On April 25, 2022, Peoples Bancorp Inc. (PEBO) announced a quarterly cash dividend of $0.38 per share, payable on May 23, 2022, with a record date of May 9, 2022. This dividend totals approximately $10.8 million and yields an annualized 5.00% based on a closing share price of $30.39.

As of March 31, 2022, Peoples held $7.2 billion in total assets and operated 136 locations across various states. The company aims to be recognized as the Best Community Bank in America.

Peoples Bancorp Inc. (Nasdaq: PEBO) reported a net income of $23.6 million for Q1 2022, with earnings per diluted share at $0.84, down from $0.98 in Q4 2021. The company completed the acquisition of Vantage Financial for $54 million on March 7, 2022, enhancing its equipment leasing capabilities. Total loan balances increased by $65.6 million, largely due to Vantage leases. Non-interest income rose by 5% compared to the prior quarter, while non-interest expenses surged by 8%. The efficiency ratio was 66.8%, reflecting higher costs. Total deposits increased by $140 million compared to Q4 2021.

Peoples Bancorp Inc. (PEBO) will release its first quarter 2022 earnings on April 26, 2022, before market opening. A conference call will follow at 11:00 a.m. EDT, featuring CEO Chuck Sulerzyski and CFO Kathryn Bailey, discussing the results and answering questions. Interested participants should join 15 minutes early. Based in Marietta, Ohio, Peoples has over $7.1 billion in assets and operates 135 locations across several states. The company is part of the Russell 3000 index.

Peoples Bancorp Inc. (NASDAQ: PEBO) announced the acquisition of Vantage Financial, LLC for $54 million, along with repaying $21 million in recourse debt. Vantage, based in Minnesota, specializes in mid-ticket equipment financing and had lease assets of $147 million as of December 31, 2021. The transaction is projected to be 3% accretive to earnings per share in 2022 and over 6% in 2023, with an expected 8% dilution in tangible book value. The deal is set to close in March 2022, enhancing Peoples' position in the leasing sector.

Peoples Bancorp Inc. (PEBO) has elected Kevin R. Reeves to its Board of Directors and the Board of its banking subsidiary, Peoples Bank. Reeves, 55, is currently Head of US Markets in Zero Carbon Energy for BP's Gas & Low Carbon Energy Group, bringing over 25 years of energy industry experience. His expertise in risk management and knowledge of the energy sector will enhance the Board's effectiveness in addressing environmental and governance issues. Peoples Bancorp, headquartered in Marietta, Ohio, reported $7.1 billion in total assets as of December 31, 2021.

On January 24, 2022, the Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per share, totaling approximately $10.2 million, payable on February 22, 2022. This dividend represents 36.5% of their reported Q4 2021 earnings and offers an annualized yield of 4.43% based on a closing stock price of $32.47 as of January 21, 2022. Peoples Bancorp, a diversified financial services company, reported total assets of $7.1 billion as of December 31, 2021.

Peoples Bancorp Inc. (NASDAQ: PEBO) reported a net income of $27.9 million for Q4 2021, translating to $0.99 earnings per diluted share. This is an improvement from a loss of $0.28 in Q3 2021 and a profit of $1.05 in Q4 2020. For the full year, net income reached $47.7 million, up from $34.8 million in 2020. The Premier Financial Bancorp acquisition significantly boosted earnings, adding $1.1 billion in loans and $1.8 billion in deposits. However, non-core expenses related to COVID-19 and acquisitions were noted, affecting net interest margin, which decreased slightly to 3.36%.