Peoples Bancorp Earnings Reports

Peoples Bancorp reported strong second-quarter results, with net income reaching $21.2 million and continued expansion in loan and lease balances. The company achieved improved efficiency while maintaining stable asset quality metrics.

Peoples Bancorp reported earnings of $29.6 million, with diluted earnings per share at $0.84. The net interest margin compressed slightly, but fee-based income remained stable. Loan-to-deposit ratio decreased, and tangible book value per share improved.

People's Bancorp reported record quarterly earnings of $33.8 million, with diluted earnings per share improving to $0.96. The company's return on average stockholders' equity grew to 13.4%, and the efficiency ratio improved to 56%. Loan-to-deposit ratio declined slightly, and nonperforming assets decreased by 8%.

Peoples Bancorp reported record earnings for Q3 2023, driven by the Limestone merger and strong organic growth. Net interest income grew by 10%, and fee-based revenue increased by 3% compared to the linked quarter. The company's return on average stockholder equity improved to 12.6%, and diluted earnings per share were $0.90, negatively impacted by one-time costs of $0.15.

Peoples Bancorp announced solid Q2 2023 results, marked by a net income of $21.1 million and diluted EPS of $0.64. The results were positively impacted by the Limestone Bank merger, although acquisition-related expenses and provisions for credit losses related to acquired loans had a negative impact. Excluding non-core expenses, the adjusted efficiency ratio improved to 53.3%.

Peoples Bancorp reported strong first quarter earnings with a diluted EPS of $0.94. The company saw improvements in net interest income and fee-based income, and maintained strong capital ratios. The acquisition of Limestone is on track, with an expected close at the end of April.

Peoples Bancorp reported a strong fourth quarter with record revenue, expanded net interest margin, and positive operating leverage. Net income for the quarter was $26.8 million, or $0.95 per diluted share. The company also highlighted record pre-tax pre-provision net revenue and improved return on average stockholders' equity.

Peoples Bancorp reported an increase in net income for the third quarter, with diluted earnings per share of $0.92. The company's efficiency ratio improved, and revenue grew faster than expenses. Return on average stockholders’ equity and return on average assets also increased.

Peoples Bancorp reported a strong second quarter with net income of $24.9 million and diluted earnings per share of $0.88. The company benefited from recent acquisitions, organic growth, and positive operating leverage. Net interest income increased, and non-interest expense was controlled.

Peoples Bancorp reported earnings of $23.6 million, or $0.84 per diluted share, for the first quarter of 2022. The net interest margin expanded, and loan growth was driven by the Vantage acquisition. Asset quality remained stable with reductions in nonaccrual loans.

Peoples Bancorp reported record earnings for the fourth quarter, driven by net interest income growth, improved fee-based income, and increased total revenue. The company's cost of funds declined, and the efficiency ratio improved. Loan growth was considerable in the core portfolio and acquired businesses, with demand deposits reaching an all-time high.

Peoples Bancorp reported a net loss of $5.8 million, or $0.28 per diluted share, for the third quarter of 2021, impacted by acquisition-related costs and increased provision for credit losses. However, fee-based businesses showed great growth and the merger with Premier Financial Bancorp was successfully closed.

Peoples Bancorp reported a strong second quarter with diluted earnings per share of $0.51 and net income of $10.1 million. Key highlights include net interest income growth, expansion of net interest margin, increased fee-based income, and total revenue growth. The acquisition of North Star Leasing division positively impacted net interest income and margin.

Peoples Bancorp reported diluted earnings per share of $0.79 for the first quarter of 2021, compared to $1.05 for the fourth quarter, and a loss of 4 cents for the first quarter of 2020. The first quarter results included an additional release of $4.7 million of provision for credit losses. The company also surpassed $5 billion in assets at March 31.

Peoples Bancorp reported record quarterly net income for Q4 2020, with diluted EPS of $1.05, driven by a recovery of provision for credit losses. The company saw a decline in PPP loan balances and recognized interest income from the amortization of net deferred loan fees and costs from PPP loans. Loan balances declined 2% from the previous quarter, and the company's credit quality metrics remained stable.

Peoples Bancorp reported diluted EPS of $0.51 for the quarter, compared to $0.23 in the linked quarter. The company completed the acquisition of a premium finance company on July 1st. Loan modifications related to COVID-19 have decreased significantly. The company is optimistic about growth opportunities within the premium finance line of business, branch footprint, and PPP clients.

Peoples Bancorp reported a net income of $4.7 million for the second quarter of 2020, heavily impacted by a provision for credit losses of $11.8 million. Excluding PPP loans, total originated loan growth was 4% annualized. The company saw core deposit growth of 16% and completed the acquisition of a premium finance company. Despite the economic challenges, Peoples Bancorp focused on expense management and maintained strong capital levels.

Peoples Bancorp announced a loss of $0.04 per share for Q1 2020, heavily impacted by COVID-19 related developments and the implementation of the CECL accounting standard. The company approved 2,432 PPP loans for $426 million as of April 17, 2020, and is offering loan modifications and payment deferrals to clients. Despite the loss, the company saw loan growth of 5% annualized, core deposit growth of 7%, and a stable net interest margin of 3.51%.

Peoples Bancorp Inc. reported a net income of $14.9 million for Q4 2019, with earnings per diluted common share at $0.72. The results were positively influenced by growth in non-interest income, particularly from electronic banking, trust and investment, and mortgage banking, despite challenges from the interest rate environment and loan payoffs.