Peoples Bancorp Inc Stock Price, News & Analysis

Peoples Bancorp Inc. (PEBO) will release its first quarter 2022 earnings on April 26, 2022, before market opening. A conference call will follow at 11:00 a.m. EDT, featuring CEO Chuck Sulerzyski and CFO Kathryn Bailey, discussing the results and answering questions. Interested participants should join 15 minutes early. Based in Marietta, Ohio, Peoples has over $7.1 billion in assets and operates 135 locations across several states. The company is part of the Russell 3000 index.

Peoples Bancorp Inc. (NASDAQ: PEBO) announced the acquisition of Vantage Financial, LLC for $54 million, along with repaying $21 million in recourse debt. Vantage, based in Minnesota, specializes in mid-ticket equipment financing and had lease assets of $147 million as of December 31, 2021. The transaction is projected to be 3% accretive to earnings per share in 2022 and over 6% in 2023, with an expected 8% dilution in tangible book value. The deal is set to close in March 2022, enhancing Peoples' position in the leasing sector.

Peoples Bancorp Inc. (PEBO) has elected Kevin R. Reeves to its Board of Directors and the Board of its banking subsidiary, Peoples Bank. Reeves, 55, is currently Head of US Markets in Zero Carbon Energy for BP's Gas & Low Carbon Energy Group, bringing over 25 years of energy industry experience. His expertise in risk management and knowledge of the energy sector will enhance the Board's effectiveness in addressing environmental and governance issues. Peoples Bancorp, headquartered in Marietta, Ohio, reported $7.1 billion in total assets as of December 31, 2021.

On January 24, 2022, the Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per share, totaling approximately $10.2 million, payable on February 22, 2022. This dividend represents 36.5% of their reported Q4 2021 earnings and offers an annualized yield of 4.43% based on a closing stock price of $32.47 as of January 21, 2022. Peoples Bancorp, a diversified financial services company, reported total assets of $7.1 billion as of December 31, 2021.

Peoples Bancorp Inc. (NASDAQ: PEBO) reported a net income of $27.9 million for Q4 2021, translating to $0.99 earnings per diluted share. This is an improvement from a loss of $0.28 in Q3 2021 and a profit of $1.05 in Q4 2020. For the full year, net income reached $47.7 million, up from $34.8 million in 2020. The Premier Financial Bancorp acquisition significantly boosted earnings, adding $1.1 billion in loans and $1.8 billion in deposits. However, non-core expenses related to COVID-19 and acquisitions were noted, affecting net interest margin, which decreased slightly to 3.36%.

Peoples Bancorp Inc. (Nasdaq: PEBO) will announce its fourth quarter and year-to-date 2021 earnings on January 25, 2022, before the market opens. This will be followed by a conference call at 11:00 a.m. ET with CEO Chuck Sulerzyski and CFO Katie Bailey to discuss the results.

The company, headquartered in Marietta, Ohio, has $7.1 billion in total assets and operates 135 locations. It is a member of the Russell 3000 index and provides a wide range of financial services.

On October 26, 2021, Peoples Bancorp Inc. (Nasdaq: PEBO) announced the election of Douglas V. Reynolds to its Board of Directors. Reynolds, previously part of Premier Financial Bancorp until its acquisition by Peoples on September 17, 2021, brings extensive experience from various industries, particularly within West Virginia markets. He is currently the CEO of Energy Services of America and involved with several media and banking boards. Peoples, headquartered in Marietta, Ohio, reported total assets of $7.1 billion as of September 30, 2021.

The Board of Directors of Peoples Bancorp Inc. (Nasdaq: PEBO) declared a quarterly cash dividend of $0.36 per common share on October 25, 2021, payable on November 22, 2021, to shareholders of record on November 8, 2021. This dividend totals approximately $10.2 million and provides an annualized yield of 4.36% based on the closing stock price of $33.02 on October 22, 2021. Peoples Bancorp, with $7.1 billion in total assets as of September 30, 2021, operates 135 locations across six states, aiming to be the Best Community Bank in America.

Peoples Bancorp reported a net loss of $5.8 million for Q3 2021, with a loss per share of $0.28, contrasting with earnings of $0.51 in Q2 2021 and Q3 2020. For the nine months, net income totaled $19.8 million, up from $14.2 million YOY. The recent acquisition of Premier increased total deposits by $1.6 billion and loans by $1.1 billion. Non-core expenses surged by 45% to $18.0 million, primarily due to acquisition costs. Notably, the net charge-off rate rose to 0.18%.