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.
Peoples Bancorp Inc/OH (NASDAQ: PEBO) is a diversified financial services holding company headquartered in Marietta, Ohio, with a long history as a community bank. Company news releases describe a heritage of financial stability, growth and community impact, and note that Peoples operates full-service bank branches in Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland through Peoples Bank and its divisions.
This news page focuses on updates that Peoples regularly provides to the market. Investors can review announcements about quarterly earnings results, where management discusses net interest income, net interest margin, provisions for credit losses, non-interest income, non-interest expense, efficiency ratio and key asset quality metrics. These earnings communications often highlight trends in commercial and industrial loans, commercial real estate loans, residential real estate loans, construction loans, premium finance loans, indirect consumer loans and leases.
News coverage also includes declarations of quarterly cash dividends by the Board of Directors, along with information about payout levels and timing. Peoples issues releases in advance of its earnings calls, detailing when it intends to release results and host facilitated conference calls with analysts, media and individual investors. These calls feature commentary from senior management and a question-and-answer period, and replays are made available through the company’s investor relations channels.
In addition, Peoples periodically announces investor presentations and other communications that provide financial data and non-GAAP reconciliations. By following PEBO news, readers can monitor developments in the company’s banking, trust and investment, insurance, premium financing and equipment leasing activities, as well as its capital management and index membership in the Russell 3000.
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.
Peoples Bancorp Inc. (Nasdaq: PEBO) reported a net income of $4.7 million for Q2 2020, with earnings per diluted share of $0.23, reversing a loss of $(0.04) in Q1 2020. However, earnings declined compared to $0.46 per share in Q2 2019. Non-core expenses affected earnings negatively, totaling $0.06 per share in Q2 2020. Peoples reported a stable credit quality with net charge-offs at 0.01% of average loans. The bank assisted nearly 3,700 businesses with $500 million in PPP loans. Total deposits rose 18% to $4.1 billion, driven by fiscal stimulus payments and PPP funds.