Peoples Bancorp (NASDAQ:PEBO) Releases Earnings Results, Beats Estimates By $0.11 EPS

by · The Cerbat Gem

Peoples Bancorp (NASDAQ:PEBO – Get Free Report) released its earnings results on Tuesday. The bank reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11, FiscalAI reports. The business had revenue of $124.52 million for the quarter, compared to analyst estimates of $123.40 million. Peoples Bancorp had a return on equity of 10.71% and a net margin of 19.17%.

Here are the key takeaways from Peoples Bancorp’s conference call:

  • Adjusted third-quarter EPS of $1.04 exceeded the $0.93 consensus estimate, despite a $4.5 million securities-sale loss and $1.5 million in acquisition-related expenses. Net interest income rose 1%, net interest margin expanded eight basis points, and fee income increased 5%.
  • Peoples expects to close the Citizens merger by the end of October, adding approximately $350 million of loans and $550 million of deposits in the fourth quarter. The pending Capital Bancorp acquisition is expected to close in late first quarter or early second quarter of 2027 and is expected to support higher growth.
  • Credit trends were mixed: non-performing loans declined 11% and criticized loans fell, but classified loans increased and the annualized net charge-off rate rose to 35 basis points. Management expects higher criticized and classified balances as Citizens’ portfolio is onboarded and anticipates similar charge-offs in 2027.
  • Management reaffirmed expectations for positive operating leverage, 6%-8% loan growth in 2026 including Citizens, and a 4.3%-4.5% full-year 2027 net interest margin. It also expects small-ticket leasing to return to growth in 2027, although growth is expected to be weighted toward the second half.
  • Fourth-quarter results will include an estimated $11 million-$13 million of Citizens merger expenses, while deposit competition is increasing and expected to pressure pricing. Management also projects 2027 expenses of $80 million-$82 million per quarter before higher first-quarter seasonal costs, with full Capital Bancorp cost savings not realized until 2028.

Peoples Bancorp Stock Performance

Shares of PEBO stock opened at $37.56 on Wednesday. The stock has a fifty day moving average price of $38.80 and a 200 day moving average price of $37.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $1.35 billion, a PE ratio of 11.35 and a beta of 0.62. Peoples Bancorp has a 1 year low of $28.01 and a 1 year high of $42.29.

Peoples Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, November 2nd. Peoples Bancorp’s dividend payout ratio (DPR) is presently 50.76%.

Insider Buying and Selling at Peoples Bancorp

In other news, Director Dwight Smith purchased 1,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average price of $39.81 per share, for a total transaction of $39,810.00. Following the completion of the transaction, the director directly owned 10,256 shares in the company, valued at $408,291.36. This represents a 10.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Matthew Edgell sold 3,000 shares of Peoples Bancorp stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.27, for a total value of $123,810.00. Following the transaction, the insider directly owned 20,183 shares of the company’s stock, valued at $832,952.41. This trade represents a 12.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.31% of the stock is currently owned by corporate insiders.

Peoples Bancorp News Summary

Here are the key news stories impacting Peoples Bancorp this week:

  • Positive Sentiment: Third-quarter earnings exceeded expectations. Adjusted EPS was $1.04, above the roughly $0.92–$0.93 analyst consensus and up from $0.90 a year earlier. Revenue reached $124.52 million versus $123.40 million expected. GAAP net income was $32.6 million, or $0.91 per diluted share, compared with $28.0 million, or $0.78 per share, in the prior quarter. Peoples Bancorp third-quarter earnings report
  • Positive Sentiment: Core banking trends improved. Net interest income increased to $93.8 million, up $1.1 million sequentially and $2.5 million year over year, while net interest margin was 4.31%. The provision for credit losses declined to $3.6 million from $4.7 million in the second quarter. Peoples Bancorp reports third-quarter net income
  • Positive Sentiment: The quarterly dividend was maintained at $0.42 per share. The annualized dividend is $1.68, representing a yield of approximately 4.5%–4.6% based on the reported share price. The payout totals about $15.1 million, or 46.3% of third-quarter earnings, which appears supported by current profitability. The dividend is payable November 16 to shareholders of record November 2. Peoples Bancorp declares quarterly dividend
  • Neutral Sentiment: Peoples Bancorp is pursuing two acquisitions—Citizens National Corporation, valued at approximately $76.6 million, and Capital Bancorp, valued at approximately $728.1 million. The deals could expand the bank’s scale, but investors will monitor financing, regulatory approval, integration costs and dilution. Peoples Bancorp long-term investor takeaways
  • Neutral Sentiment: The bank sold $59 million of securities to keep total assets below the $10 billion threshold; total assets were $9.7 billion at September 30. This may help avoid added regulatory costs, but the transaction could affect future investment income and balance-sheet flexibility.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PEBO shares. Piper Sandler set a $42.00 target price on shares of Peoples Bancorp in a research report on Monday, October 5th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Peoples Bancorp in a research note on Monday, October 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Peoples Bancorp in a report on Wednesday, August 26th. Zacks Research upgraded shares of Peoples Bancorp from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Finally, DA Davidson reduced their price objective on shares of Peoples Bancorp from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Peoples Bancorp currently has an average rating of “Moderate Buy” and an average target price of $40.50.

View Our Latest Report on PEBO

About Peoples Bancorp

(Get Free Report)

Peoples Bancorp Inc is a financial holding company headquartered in Marietta, Ohio. Through its principal subsidiary, Peoples Bank, the company provides banking and financial services to individuals, businesses, nonprofit organizations and public-sector customers.

Peoples Bank offers deposit accounts, residential and commercial lending, consumer loans, credit cards, treasury management and other financial services. The company also provides wealth management, trust and investment services, as well as insurance products through affiliated operations.

Founded in 1902, Peoples Bancorp serves communities primarily in Ohio, West Virginia, Kentucky and Virginia through a network of banking offices and digital banking channels.

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