PEOPLES BANCORP INC Earnings Per Share Disclosure
| (Dollars in thousands, except per common share data) | 2025 | 2024 | 2023 | ||||||||
| Net income available to common shareholders | $ | 106,778 | $ | 117,205 | $ | 113,363 | |||||
| Less: Dividends paid on unvested common shares | 819 | 786 | 531 | ||||||||
| Less: Undistributed loss allocated to unvested common shares | 159 | 225 | 269 | ||||||||
| Net earnings allocated to common shareholders | $ | 105,800 | $ | 116,194 | $ | 112,563 | |||||
| Weighted-average common shares outstanding | 34,974,619 | 34,779,548 | 32,533,086 | ||||||||
| Effect of potentially dilutive common shares | 383,490 | 367,806 | 227,722 | ||||||||
| Total weighted-average diluted common shares outstanding | 35,358,109 | 35,147,354 | 32,760,808 | ||||||||
| Earnings per common share: | |||||||||||
| Basic | $ | 3.03 | $ | 3.34 | $ | 3.46 | |||||
| Diluted | $ | 2.99 | $ | 3.31 | $ | 3.44 | |||||
| Anti-dilutive common shares excluded from calculation: | |||||||||||
| Restricted common shares | — | 7,836 | 9,123 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 1, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.