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) will release its fourth quarter and full year 2022 earnings on January 24, 2023, before market opens. A conference call will follow at 11:00 a.m. ET featuring CEO Chuck Sulerzyski and CFO Katie Bailey, who will discuss the results and answer questions. Participants can call (866) 890-9285 or access the webcast via the company's website. Peoples Bancorp, headquartered in Marietta, Ohio, boasts $7.0 billion in assets and operates 130 locations across multiple states.
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.
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