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.
On January 26, 2021, Peoples Bancorp Inc. announced the election of Michael N. Vittorio to its Board of Directors. Vittorio, who has over 45 years of banking experience, previously served as President and CEO of The First of Long Island Corporation until his retirement in December 2019. His extensive background is expected to bring valuable insights to Peoples. The company, with total assets of $4.8 billion as of December 31, 2020, operates 88 locations across Ohio, Kentucky, and West Virginia, emphasizing its commitment to financial stability and community impact.
Peoples Bancorp Inc. (NASDAQ: PEBO) reported record fourth-quarter net income of $20.6 million, or $1.05 per diluted share, driven by a $7.3 million recovery of credit losses. However, full-year net income dropped to $34.8 million in 2020 from $53.7 million in 2019. Net interest income decreased 2% in Q4 2020 and 1% for the full year, impacted by lower interest rates and COVID-19 effects. The company actively assisted businesses with approximately $500 million in Paycheck Protection Program loans. Total deposits rose by 19% year-over-year.
The Board of Directors of Peoples Bancorp declared a quarterly cash dividend of $0.35 per share, totaling approximately $6.8 million, which is 33.3% of reported Q4 2020 earnings. The dividend is payable on February 22, 2021, to shareholders of record as of February 8, 2021. With a closing stock price of $30.00 on the declaration date, this dividend yields an annualized rate of 4.67%. Peoples Bancorp offers diversified financial services and has total assets of $4.8 billion as of December 31, 2020.
Peoples Bancorp Inc. (Nasdaq: PEBO) will report its fourth quarter and year-to-date 2020 earnings on January 26, 2021, before market opens. A conference call hosted by CEO Chuck Sulerzyski and CFO Katie Bailey will follow at 11:00 a.m. Eastern Time. Participants can join via phone at (866) 890-9285, with access to a webcast and a one-year audio replay available online. Peoples operates with total assets of $4.9 billion and has 88 locations across Ohio, Kentucky, and West Virginia, demonstrating its financial stability and community impact.
Peoples Bancorp Inc. (NASDAQ: PEBO) announced that David L. Mead will retire as Chairman of the Board on October 31, 2020, after serving since 2016. He will leave the Boards of Directors effective March 31, 2021, after being a member since 2005. Susan D. Rector, an independent director since 2011, has been elected as the new Chairman. Rector has extensive experience in law and leadership within various committees at Peoples. The company, headquartered in Marietta, Ohio, has total assets of $4.9 billion as of September 30, 2020, and operates 88 locations across Ohio, Kentucky, and West Virginia.
The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.35 per common share on October 19, 2020, payable November 16, 2020, to shareholders of record on November 2, 2020. This dividend totals approximately $6.9 million, providing an annualized yield of 6.46% based on the stock's closing price of $21.67 on the declaration date. Peoples Bancorp operates with $4.9 billion in total assets and maintains 88 locations across Ohio, Kentucky, and West Virginia.
Peoples Bancorp Inc. reported a net income of $10.2 million for Q3 2020, with earnings per diluted share of $0.51, a notable increase from $0.23 in Q2 2020, but down from $0.72 in Q3 2019. For the first nine months of 2020, net income was $14.2 million, down from $38.8 million in the same period last year. The company faced non-core expenses related to COVID-19, impacting earnings. Total loan balances increased by $111.1 million from the previous quarter, reflecting growth from the Peoples Premium Finance acquisition. However, non-interest expenses surged by 8%.
Peoples Bancorp Inc. (Nasdaq: PEBO) will release its third quarter 2020 earnings on October 20, 2020, before market open. The company will host a conference call at 11:00 a.m. EDT, featuring commentary from CEO Chuck Sulerzyski and CFO Kathryn Bailey, who will discuss the earnings results followed by a Q&A session. Interested participants should call in 15 minutes early. Peoples Bancorp has total assets of $5.0 billion and operates 89 locations in Ohio, Kentucky, and West Virginia.
On August 24, 2020, Peoples Bancorp Inc. (NASDAQ: PEBO) announced the retirement of John C. Rogers, Executive Vice President and CFO, effective September 30, 2020, after five years in the role. Katie Bailey has been promoted to CFO, effective October 1, 2020. Bailey, a CPA with 14 years of experience, has been with Peoples since May 2011 and held various financial roles. Peoples Bancorp, a diversified financial services holding company, has total assets of $5.0 billion and operates 88 locations across Ohio, Kentucky, and West Virginia.
The Board of Directors of Peoples Bancorp declared a quarterly cash dividend of $0.34 per common share on July 20, 2020, payable on August 17, 2020. This dividend totals approximately $6.8 million and reflects an annualized yield of 6.76% based on the closing stock price of $20.12 on July 17, 2020. Peoples Bancorp, a diversified financial services holding company founded in 1902 and headquartered in Marietta, Ohio, has total assets of $5.0 billion and operates 89 locations, including 77 full-service bank branches across Ohio, Kentucky, and West Virginia.
FAQ
What is the current stock price of Peoples Bancorp (PEBO)?
What is the market cap of Peoples Bancorp (PEBO)?
What are the primary services offered by Peoples Bancorp Inc?
How does Peoples Bancorp generate revenue?
What regions does Peoples Bancorp serve?
How does Peoples integrate technology into its operations?
What distinguishes Peoples Bancorp from other community banks?
Does Peoples Bancorp provide trust and investment services?
What is Peoples Bancorp Inc's approach to risk management?
How has Peoples Bancorp expanded its operations?
