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.
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.
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