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Peoples Bancorp Inc. (NASDAQ: PEBO) is a diversified financial services holding company based in Marietta, Ohio, since 1902. With $9.3 billion in total assets as of March 31, 2024, Peoples provides comprehensive banking, trust and investment, insurance, premium financing, and equipment leasing solutions through its subsidiaries. The company operates 152 locations, including 133 full-service bank branches across Ohio, West Virginia, Kentucky, Virginia, Washington D.C., and Maryland.
Peoples Bancorp Inc.'s core banking services include demand deposit accounts, savings accounts, real estate mortgage loans, merchant credit card transaction processing services, corporate and personal trust services, life, health, property, and casualty insurance products, and brokerage services. Additionally, it offers telephone and internet-based banking through personal computers and mobile devices.
Peoples Bancorp Inc. trades on the NASDAQ Global Select Market® under the symbol “PEBO” and is a member of the Russell 3000 index of U.S. publicly traded companies. The company has shown consistent financial growth, driven by strategic mergers, such as the Limestone Bancorp merger completed on April 30, 2023. This merger added significant assets and strengthened its market position.
For the first quarter of 2024, Peoples reported net income of $29.6 million, representing earnings per diluted common share of $0.84. The quarter saw a 19% increase in net interest income compared to the same period in 2023, driven by market interest rate increases, the Limestone merger, and organic growth. The company continues to focus on asset quality and efficient management, maintaining a stable financial condition despite fluctuations in market conditions.
Peoples Bancorp Inc. is committed to providing a high level of customer service and enhancing shareholder value. The company has a strong tradition of community involvement, financial stability, and continuous growth. For more detailed information about its operations, financial performance, and services, visit www.peoplesbancorp.com.
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%.
Peoples Bancorp Inc. (Nasdaq: PEBO) will announce its fourth quarter and year-to-date 2021 earnings on January 25, 2022, before the market opens. This will be followed by a conference call at 11:00 a.m. ET with CEO Chuck Sulerzyski and CFO Katie Bailey to discuss the results.
The company, headquartered in Marietta, Ohio, has $7.1 billion in total assets and operates 135 locations. It is a member of the Russell 3000 index and provides a wide range of financial services.
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.
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