Peoples Bancorp Inc/OH - PEBO STOCK NEWS

On October 26, 2021, Peoples Bancorp Inc. (Nasdaq: PEBO) announced the election of Douglas V. Reynolds to its Board of Directors. Reynolds, previously part of Premier Financial Bancorp until its acquisition by Peoples on September 17, 2021, brings extensive experience from various industries, particularly within West Virginia markets. He is currently the CEO of Energy Services of America and involved with several media and banking boards. Peoples, headquartered in Marietta, Ohio, reported total assets of $7.1 billion as of September 30, 2021.

The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per common share on October 25, 2021, payable on November 22, 2021, to shareholders of record on November 8, 2021. This dividend totals approximately $10.2 million and provides an annualized yield of 4.36% based on the closing stock price of $33.02 on October 22, 2021. Peoples Bancorp, with $7.1 billion in total assets as of September 30, 2021, operates 135 locations across six states, aiming to be the Best Community Bank in America.

Peoples Bancorp reported a net loss of $5.8 million for Q3 2021, with a loss per share of $0.28, contrasting with earnings of $0.51 in Q2 2021 and Q3 2020. For the nine months, net income totaled $19.8 million, up from $14.2 million YOY. The recent acquisition of Premier increased total deposits by $1.6 billion and loans by $1.1 billion. Non-core expenses surged by 45% to $18.0 million, primarily due to acquisition costs. Notably, the net charge-off rate rose to 0.18%.

On September 27, 2021, Peoples Bancorp Inc. (PEBO) announced it will release its third quarter 2021 earnings on October 26, 2021, before the market opens. A conference call led by CEO Chuck Sulerzyski and CFO Kathryn Bailey will follow at 11:00 a.m. EDT. As of June 30, 2021, Peoples had total assets of $5.1 billion and 89 locations, while Premier Financial Bancorp, Inc. (PFBI), acquired on September 17, 2021, had $2.1 billion in assets and 49 locations. The call will be accessible via dial-in and online webcast.

Peoples Bancorp Inc. (Nasdaq: PEBO) has successfully completed its acquisition of Premier Financial Bancorp, Inc. (Nasdaq: PFBI) as of September 17, 2021. The merger includes the integration of Premier's wholly-owned subsidiaries, Premier Bank and Citizens Deposit Bank & Trust, into Peoples Bank, expanding its footprint with 49 new offices across Kentucky, Maryland, Ohio, Virginia, West Virginia, and Washington D.C. Premier's shareholders will receive 0.58 shares of Peoples common stock for each Premier share held. Premier reported $2.1 billion in total assets as of June 30, 2021.

Peoples Bancorp Inc. (Nasdaq: PEBO) has secured all regulatory approvals for its merger with Premier Financial Bancorp, Inc. (Nasdaq: PFBI). The merger, with Peoples as the surviving entity, will also include the integration of Premier’s bank subsidiaries. Shareholder approvals have been obtained, with Peoples' shareholders voting on July 22, 2021, and Premier's shareholders on July 1, 2021. As of June 30, 2021, Peoples holds $5.1 billion in total assets and operates 89 locations across Ohio, West Virginia, and Kentucky.

On July 19, 2021, the Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per common share, totaling approximately $7.1 million. This dividend will be payable on August 16, 2021, to shareholders of record on August 2, 2021. With a closing stock price of $28.69 on July 16, 2021, the annualized yield is 5.02%. Peoples Bancorp, headquartered in Marietta, Ohio, has total assets of $5.1 billion as of June 30, 2021, and operates 89 locations across Ohio, West Virginia, and Kentucky.

Peoples Bancorp Inc. reported a net income of $10.1 million for Q2 2021, translating to $0.51 per diluted common share. This marks a decrease from $0.79 in Q1 2021 but an increase from $0.23 in Q2 2020. For the first half of 2021, net income reached $25.6 million or $1.31 per share, compared to $4.0 million in the same period last year. The merger with Premier Financial Bancorp is expected to close in Q3 2021, valued at approximately $292.3 million. Furthermore, the company recognized non-core expenses of $2.5 million due to acquisitions and COVID-19-related costs.

Peoples Bancorp Inc. (Nasdaq: PEBO) announced the election of Frances A. Skinner to its Board of Directors. Skinner, 57, is a co-founder of AUM Partners and brings over 30 years of experience in the investment industry, including prior roles at Diamond Hill Investment Group and Allstate Investments. Her expertise as a CPA and CFA, along with her leadership development background, is expected to enhance the board's technical knowledge. Peoples Bancorp, headquartered in Marietta, Ohio, has $5.1 billion in total assets as of March 31, 2021.