Peoples Bancorp Inc Stock Price, News & Analysis

Peoples Bancorp Inc. (Nasdaq: PEBO) has scheduled its fourth quarter and full year 2024 earnings release for January 21, 2025, before market opens. A conference call with analysts, media, and investors will follow at 11:00 a.m. Eastern Time, featuring commentary from President and CEO Tyler Wilcox and CFO Kathryn Bailey.

The diversified financial services holding company, headquartered in Marietta, Ohio, reported $9.1 billion in total assets as of September 30, 2024. The company operates 149 locations, including 130 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is included in the Russell 3000 index and provides banking, trust, investment, insurance, premium financing, and equipment leasing solutions.

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on November 18, 2024, to shareholders of record on November 4, 2024. This dividend represents a payout of approximately $14.2 million, or 44.9% of Peoples' reported third quarter 2024 earnings. Based on the closing stock price of $31.70 on October 18, 2024, the dividend yields an annualized 5.05%.

Peoples Bancorp Inc. is a diversified financial services holding company with $9.1 billion in total assets as of September 30, 2024. The company operates 149 locations, including 130 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland. Peoples is included in the Russell 3000 index of U.S. publicly-traded companies.

Peoples Bancorp Inc. (NASDAQ: PEBO) announced Q3 2024 results with a net income of $31.7 million, translating to $0.89 per diluted share. This is an increase from Q2 2024's $29.0 million ($0.82/share) but a slight decrease from Q3 2023's $31.9 million ($0.90/share). Key highlights include:

• Net interest income rose by $2.3 million compared to the previous quarter.
• Net interest margin improved to 4.27%.
• Provision for credit losses increased to $6.7 million, impacting earnings by $0.15 per share.
• Total non-interest income grew by $1.2 million, driven by higher mortgage banking income.
• Total non-interest expense decreased by $2.7 million quarter-over-quarter.
• Deposits increased by $185.4 million, while loans and leases decreased by $53.5 million.
• Stockholders' equity to total assets ratio improved to 12.31%.

The Limestone Merger contributed to the financials, with acquisition-related expenses reducing significantly.

Peoples Bancorp Inc. (Nasdaq: PEBO) has announced its plans to release third quarter 2024 earnings before the market opens on Tuesday, October 22, 2024. The company will also conduct a conference call at 11:00 a.m. EDT on the same day. The call will feature commentary from Tyler Wilcox, President and CEO, and Kathryn Bailey, CFO and Treasurer, followed by a Q&A session.

Peoples is a diversified financial services holding company headquartered in Marietta, Ohio since 1902. As of June 30, 2024, the company had $9.2 billion in total assets and 150 locations, including 130 full-service bank branches across six states. Peoples is a member of the Russell 3000 index and offers services through various subsidiaries including Peoples Bank, Peoples Insurance Agency, , and Vantage Financial,

Peoples Bancorp Inc. (Nasdaq: PEBO) has declared a quarterly cash dividend of $0.40 per common share, payable on August 19, 2024, to shareholders of record on August 5, 2024. This dividend represents a payout of approximately $14.2 million, or 49.0% of Peoples' reported second quarter 2024 earnings. Based on the closing stock price of $32.89 on July 19, 2024, the dividend yields an annualized 4.86%.

Peoples Bancorp Inc., headquartered in Marietta, Ohio, is a diversified financial services holding company with $9.2 billion in total assets as of June 30, 2024. The company operates 150 locations, including 130 full-service bank branches across six states. Peoples is also a member of the Russell 3000 index.

Peoples Bancorp Inc. (NASDAQ: PEBO) announced its Q2 2024 results, reporting net income of $29.0 million and earnings per diluted share of $0.82. This compares to $29.6 million in Q1 2024 and $21.1 million in Q2 2023. Net interest income remained stable, while net interest margin decreased to 4.18%. The provision for credit losses was $5.7 million, down from $6.1 million in Q1 2024. Non-interest income dropped by $1.6 million due to lower insurance income, and non-interest expenses rose slightly by $0.3 million.

Notably, total loans and leases increased by $122.5 million, driven by growth in various loan categories. Asset quality remained stable with improved delinquency trends. Total deposits decreased by $28.8 million, but core deposits rose by $42.0 million. The company also completed its $177.9 million merger with Limestone Bancorp, which contributed to financial results.

Looking ahead, Peoples Bancorp remains focused on maintaining stable credit metrics and managing expenses while pursuing growth opportunities.

Peoples Bancorp Inc. (Nasdaq: PEBO) will release its second quarter 2024 earnings on July 23, 2024, before the market opens. A conference call will follow at 11:00 a.m. EDT, led by CEO Tyler Wilcox and CFO Kathryn Bailey, to discuss the results and answer questions. Participants can join by dialing (866) 890-9285 or through a webcast available on the company's Investor Relations website. The audio replay will be accessible for one year.

Peoples Bancorp, headquartered in Marietta, Ohio, offers a range of banking, trust, investment, insurance, premium financing, and equipment leasing services through its subsidiaries. As of March 31, 2024, it had $9.3 billion in assets and 152 locations, including 133 full-service branches across multiple states.