Peoples Bancorp Inc Stock Price, News & Analysis

Limestone Bancorp, Inc. (NASDAQ: LMST) has announced the termination of its Tax Benefit Preservation Plan, initially established in 2015 to safeguard the company's tax assets. This move aligns with the recent merger agreement with Peoples Bancorp, Inc. (NASDAQ: PEBO), leading to an accelerated expiration of the plan as of October 24, 2022. Shareholders are not required to take any action regarding the termination. However, the company's Articles of Incorporation still enforce restrictions to protect its tax assets.

Peoples Bancorp Inc. (PEBO) and Limestone Bancorp, Inc. (LMST) have signed a definitive agreement for an all-stock merger valued at approximately $208.2 million. This merger will enhance Peoples' market presence by adding Limestone's 20 branches across Kentucky, increasing total assets to $8.5 billion upon completion. Shareholders of Limestone will receive 0.90 shares of Peoples common stock for each share of Limestone they own, with the merger expected to close in the second quarter of 2023.

The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.38 per common share on October 24, 2022. This payout, amounting to approximately $10.7 million, is scheduled for payment on November 21, 2022, to shareholders of record on November 7, 2022. Based on the closing stock price of $29.60 on October 20, 2022, the dividend yields 5.14%. Peoples, headquartered in Marietta, Ohio, has total assets of $7.0 billion as of September 30, 2022, with 130 locations across several states.

Peoples Bancorp Inc. reported a third-quarter 2022 net income of $26.0 million, translating to $0.92 per diluted share, surpassing $0.88 from the prior quarter and turning around from a loss of $0.28 from Q3 2021. For the nine months ending September 30, 2022, net income reached $74.4 million ($2.65 per share), significantly up from $19.8 million a year earlier. Key drivers include a 9% increase in net interest income and a 40 basis point rise in net interest margin. However, a provision for credit losses of $1.8 million and non-core expenses affected earnings.

Peoples Bancorp Inc. (Nasdaq: PEBO) announced it will release its third quarter 2022 earnings on October 25, 2022, before market opening, followed by a conference call at 11:00 a.m. EDT. The call will feature insights from President & CEO Chuck Sulerzyski and CFO Kathryn Bailey, with a Q&A session afterwards. As of June 30, 2022, Peoples Bancorp reported $7.3 billion in total assets and operates 132 locations across multiple states. The conference call can be accessed via phone or webcast, and an audio replay will be available for one year.

Peoples Bancorp Inc. (Nasdaq: PEBO) announced a quarterly cash dividend of $0.38 per share on July 25, 2022, to be paid on August 22, 2022, to shareholders of record as of August 8, 2022. This payout totals approximately $10.8 million and offers an annualized yield of 5.44%, based on a closing stock price of $27.92. As of June 30, 2022, Peoples reported total assets of $7.3 billion and operates 136 locations across multiple states, aiming to be the Best Community Bank in America.

Peoples Bancorp Inc. (Nasdaq: PEBO) reported a net income of $24.9 million for Q2 2022, with earnings per diluted share of $0.88, up from $0.84 in Q1 2022 and $0.51 in Q2 2021. For the first half of 2022, net income reached $48.5 million, or $1.72 per diluted share, compared to $25.6 million, or $1.31 per diluted share in 2021. The Vantage acquisition contributed significantly to a 55% increase in net interest income year-over-year. However, non-interest income faced a slight decline of 2% quarter-over-quarter. Overall, the company continued to focus on enhancing shareholder value through strategic growth and stable earnings.

Peoples Bancorp Inc. (Nasdaq: PEBO) will announce its second quarter 2022 earnings on July 26, 2022, before market opening. Following the earnings release, a conference call is scheduled for 11:00 a.m. EDT, featuring CEO Chuck Sulerzyski and CFO Kathryn Bailey. Interested individuals can participate by calling in or joining via the webcast. As of March 31, 2022, Peoples held $7.2 billion in total assets across 136 locations in several states, showcasing its substantial footprint in the financial services sector.

On April 25, 2022, Peoples Bancorp Inc. (PEBO) announced a quarterly cash dividend of $0.38 per share, payable on May 23, 2022, with a record date of May 9, 2022. This dividend totals approximately $10.8 million and yields an annualized 5.00% based on a closing share price of $30.39.

As of March 31, 2022, Peoples held $7.2 billion in total assets and operated 136 locations across various states. The company aims to be recognized as the Best Community Bank in America.