Welcome to our dedicated page for Peoples Bancorp news (Ticker: PEBO), a resource for investors and traders seeking the latest updates and insights on Peoples Bancorp stock.
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 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.
Peoples Bancorp Inc. (Nasdaq: PEBO) is set to release its second quarter 2021 earnings on July 20, 2021, before the market opens. Following the earnings announcement, a conference call will occur at 11:00 a.m. EDT, featuring insights from CEO Chuck Sulerzyski and CFO Kathryn Bailey. This call is accessible via a dial-in number and a webcast on their website. Peoples Bancorp, headquartered in Marietta, Ohio, has total assets of $5.1 billion as of March 31, 2021, and operates 89 locations across Ohio, West Virginia, and Kentucky.
Peoples Bancorp Inc. (NASDAQ: PEBO) announced a quarterly cash dividend of $0.36 per share, totaling approximately $7.1 million. This dividend will be paid on May 17, 2021, to shareholders of record as of May 3, 2021. Based on a closing stock price of $33.95 on April 16, 2021, this represents an annualized yield of 4.24%. As of March 31, 2021, Peoples reported total assets of $5.1 billion and operates 87 locations across Ohio, West Virginia, and Kentucky.
Peoples Bancorp reported a net income of $15.2 million for Q1 2021, equivalent to earnings of $0.79 per share, down from $1.05 in Q4 2020. This quarter marked a significant turnaround from a loss of $0.04 per share in Q1 2020. Non-core items negatively affected earnings by $0.11 per share. The bank announced two acquisitions, including North Star Leasing and a merger with Premier Financial Bancorp valued at $292.3 million. Total loans remained stable with a 3% annualized growth excluding PPP loans, while total deposits rose 10% to $393.8 million.
On March 29, 2021, Peoples Bancorp announced its plan to acquire Premier Financial Bancorp in an all-stock transaction valued at approximately $292.3 million. Upon completion, the merger will create a combined entity with total assets of $6.7 billion, total loans of $4.6 billion, and total deposits of $5.5 billion. The agreement, unanimously approved by both companies' boards, allows Premier shareholders to receive 0.58 shares of Peoples' stock for each share held. The transaction aims to enhance market presence and profitability.
Peoples Bancorp Inc. (Nasdaq: PEBO) plans to release its first quarter 2021 earnings before the market opens on April 20, 2021. A conference call hosted by CEO Chuck Sulerzyski and CFO Kathryn Bailey will follow at 11:00 a.m. EDT. Participants can join via phone at (866) 890-9285 or through a webcast available on the company’s website. Peoples Bancorp, headquartered in Marietta, Ohio, reported total assets of $4.8 billion as of December 31, 2020, and operates 88 locations across Ohio, Kentucky, and West Virginia.
Peoples Bancorp Inc. (NASDAQ: PEBO) announced on January 28, 2021, a new share repurchase program authorizing up to $30 million of its common shares, replacing the previous program which had an authorization of $40 million. As of the termination of the old program, $28.4 million of shares had been repurchased. The new program allows for purchases in open market or negotiated transactions, with no obligation to repurchase specific amounts, using cash resources. Peoples had approximately 1,961,846 shares outstanding as of the announcement date.
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