PEOPLES BANCORP INC

Listed Company

PEBOCIK 0000318300NasdaqLarge AcceleratedState Commercial BanksOhioFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$106.78M

Total Assets

$9.65B

Equity

$1.21B

Shares Out

35.92M

Op. Cash Flow

$134.73M

Business

PEOPLES BANCORP INC is a financial holding company that provides banking and related financial services through its subsidiaries. It offers commercial and consumer banking, trust and investment services, insurance and brokerage, insurance premium financing, commercial and technology equipment leasing and financing, debit and credit card services, merchant and person-to-person payment processing, mobile and online banking features, fiduciary and asset management, and employee benefit administration. Its operations are conducted principally through Peoples Bank, Peoples Insurance, Vantage, North Star Leasing and Peoples Investment Company, and are reported as a single community banking segment. Peoples distributes products via branch offices, ATMs, interactive teller machines, online and mobile channels, approved dealerships and joint marketing arrangements, with primary market presence in Ohio, West Virginia, Kentucky, Virginia, Washington, D.C. and Maryland, and nationwide offerings for premium financing and equipment leasing.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	441	451	383	235	166
Interest and dividends on taxable investment securities	66	59	49	29	15
Interest on tax-exempt investment securities	4	4	4	4	3
Other interest income	3	7	3	2	313,000
Total interest income	514	521	439	270	185
Interest on deposits	135	142	72	9	10
Interest on short-term borrowings	10	16	20	3	541,000
Interest on long-term borrowings	14	14	8	4	2
Total interest expense	159	172	100	16	—
Net interest income	355	349	339	253	173
Provision for (recovery of) credit losses	42	25	15	−4	731,000
Net interest income after provision for (recovery of) credit losses	313	324	324	257	172
Insurance income	20	19	18	16	15
Lease income	16	10	8	4	1
Bank owned life insurance income	5	4	4	3	2
Mortgage banking income	1	2	1	1	3
Net loss on asset disposals and other transactions	−3	−3	−3	−616,000	493,000
Net loss on investment securities	−3	−416,000	−4	−61,000	−862,000
Other non-interest income	5	5	4	3	3
Total non-interest income	104	99	87	79	69
Salaries and employee benefit costs	157	150	144	113	95
Net occupancy and equipment expense	23	24	21	20	15
Data processing and software expense	29	25	22	14	11
Professional fees	13	12	17	12	16
Amortization of other intangible assets	9	11	11	8	5
Electronic banking expense	8	8	7	9	9
Marketing expense	4	4	5	4	4
FDIC insurance expense	5	5	5	4	2
Franchise tax expense	3	3	4	3	3
Other loan expenses	5	4	3	3	2
Communication expense	3	3	3	2	2
Operating lease expense	5	4	2	0	—
Travel and entertainment expense	3	3	2	1	—
Other non-interest expense	17	18	21	14	22
Total non-interest expense	282	274	266	207	184
Income before income taxes	135	149	145	129	57
Income tax expense	28	32	32	27	9
Net income	107	117	113	101	48
Earnings per common share basic (in usd per share)	3.03	3.34	3.46	3.61	2.17
Earnings per common share diluted (in usd per share)	2.99	3.31	3.44	3.6	2.15
Weighted-average number of common shares outstanding basic (in shares)	35	35	33	28	22
Weighted-average number of common shares outstanding diluted (in shares)	35	35	33	28	22

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	108	109	112	95	74
Interest-bearing deposits in other banks	81	109	315	59	341
Total cash and cash equivalents	189	218	427	154	416
Available-for-sale investment securities, at fair value (amortized cost of $1,076,980 at December 31, 2025 and $1,229,382 at December 31, 2024)	984	1,084	1,048	1,131	1,275
Held-to-maturity investment securities, at amortized cost (fair value of $867,714 at December 31, 2025 and $692,499 at December 31, 2024)	923	775	684	560	374
Other investment securities	69	60	—	—	—
Total investment securities	1,976	1,918	1,795	1,743	1,684
Loans and leases, net of deferred fees and costs	6,757	6,358	6,159	4,707	4,482
Allowance for credit losses	−76	−63	−62	−53	−64
Net loans and leases	6,681	6,295	6,097	4,654	4,418
Loans held for sale	3	2	2	2	4
Bank premises and equipment, net of accumulated depreciation	101	104	104	83	89
Bank owned life insurance	148	144	141	105	73
Goodwill	363	363	362	292	264
Other intangible assets	30	39	50	34	27
Other assets	159	171	180	139	89
Total assets	9,650	9,254	9,157	7,207	7,064
Non-interest-bearing	1,545	1,508	1,568	1,589	1,641
Interest-bearing	6,065	6,083	5,535	4,128	4,221
Total deposits	7,610	7,590	7,103	5,717	5,863
Short-term borrowings	530	193	650	500	166
Long-term borrowings	204	238	216	101	99
Accrued expenses and other liabilities	98	121	134	104	90
Total liabilities	8,443	8,143	8,104	6,422	6,218
Preferred shares, no par value, 50,000 shares authorized and no shares issued at December 31, 2025 and December 31, 2024	0	0	0	0	0
Common shares, no par value, 50,000,000 shares authorized, 36,836,943 shares issued at December 31, 2025 and 36,782,601 shares issued at December 31, 2024, including shares held in treasury	872	867	865	686	686
Retained earnings	437	388	327	266	207
Accumulated other comprehensive loss, net of deferred income taxes	−71	−110	−102	−127	−12
Treasury stock, at cost, 1,215,120 common shares at December 31, 2025 and 1,311,175 common shares at December 31, 2024	−31	−33	−37	−40	−37
Total stockholders equity	1,207	1,112	1,054	785	845
Total liabilities and stockholders equity	9,650	9,254	9,157	7,207	7,064

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	14	4	4	17	25
Provision for credit losses	42	25	15	−4	731,000
Net loss on investment securities	3	416,000	4	61,000	862,000
Loans originated for sale	−41	−65	−33	−48	−94
Proceeds from sales of loans	42	66	34	50	157
Net gains on sales of loans	−861,000	−1	−659,000	−994,000	−3
Deferred income (benefit) tax expense	−1	7	−238,000	19	3
Increase (decrease) in accrued expenses	1	−4	13	−5	2
Decrease (increase) in interest receivable	−870,000	1	−6	−6	1
(Decrease) increase in other assets	−2	6	962,000	2	3
(Decrease) increase in interest payable	−2	−2	7	−420,000	−282,000
Increase in operating lease assets	−12	−16	−14	0	0
Change in lease right-of-use assets and lease liabilities	23,000	158,000	−335,000	−38,000	509,000
Stock-based compensation	7	7	6	4	4
(Decrease) increase in net derivatives	−13	995,000	−6	—	—
Other, net	−4	2	11	−8	11
Net cash provided by operating activities	135	143	144	120	156
Purchases	−69	−331	−75	−246	−853
Proceeds from sales	89	28	199	29	544
Proceeds from principal payments, calls and prepayments	128	256	151	190	298
Purchases	−357	−254	−207	−207	−316
Proceeds from principal payments	210	162	84	19	7
Purchases	−60	−28	−27	−24	−1
Proceeds from sales	52	32	21	6	9
Net (increase) decrease in loans held for investment	−418	−199	−356	−58	113
Net expenditures for premises and equipment	−6	−7	−13	−7	−7
Proceeds from sales of other real estate owned	5	9,000	129,000	572,000	2
Proceeds from bank owned life insurance	0	1	227,000	689,000	0
Business acquisitions, net of cash received	0	−2	93	−86	133
Investment in limited partnership and tax credit funds	0	−3	−2	−2	−4
Other, net	−17,000	0	0	—	—
Net cash used in investing activities	−424	−344	−133	−414	−74
Net increase (decrease) in non-interest-bearing deposits	38	−60	−284	−52	151
Net (decrease) increase in interest-bearing deposits	−18	547	437	−93	50
Net increase (decrease) in short-term borrowings	337	−457	90	329	14
Proceeds from long-term borrowings	13	55	115	25	0
Payments on long-term borrowings	−49	−35	−40	−125	−2
Cash dividends paid	−58	−56	−52	−42	−31
Repurchase of treasury stock under share repurchase program	−838,000	−3	−3	−7	0
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock	−2	−1	−2	−2	−1
Proceeds from issuance of common shares	2	1	1	1	906,000
Other	280,000	505,000	217,000	—	—
Net cash provided by (used in) financing activities	261	−8	262	33	182
Net (decrease) increase in cash and cash equivalents	−29	−209	273	−262	264
Interest paid	160	173	90	16	13
Federal income taxes paid	20	23	25	—	—
State income taxes paid	3	3	5	—	—
Transfers from loans to other real estate owned	72,000	235,000	31,000	110,000	298,000
Noncash recognition of new leases	1	2	4	880,000	2

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro