PEOPLES BANCORP INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED BALANCE SHEETS (Unaudited)
CONSOLIDATED BALANCE SHEETS
| September 30,2024 | December 31,2023 | |
|---|---|---|
| (Dollars in thousands) · (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents: | ||
| Cash and balances due from banks | $139,244 | $111,680 |
| Interest-bearing deposits in other banks | 144,463 | 315,042 |
| Total cash and cash equivalents | 283,707 | 426,722 |
| Available-for-sale investment securities, at fair value (amortized cost of $1,189,792 at September 30, 2024 and $1,184,288 at December 31, 2023) (a) | 1,080,667 | 1,048,322 |
| Held-to-maturity investment securities, at amortized cost (fair value of $636,529 at September 30, 2024 and $612,022 at December 31, 2023) (a) | 693,637 | 683,657 |
| Other investment securities | 55,691 | 63,421 |
| Total investment securities (a) | 1,829,995 | 1,795,400 |
| Loans and leases, net of deferred fees and costs (b) | 6,271,839 | 6,159,196 |
| Allowance for credit losses | (66,639) | (62,011) |
| Net loans and leases (c) | 6,205,200 | 6,097,185 |
| Loans held for sale | 3,246 | 1,866 |
| Bank premises and equipment, net of accumulated depreciation | 105,202 | 103,856 |
| Bank owned life insurance | 143,065 | 140,554 |
| Goodwill | 362,414 | 362,169 |
| Other intangible assets | 41,508 | 50,003 |
| Other assets | 166,134 | 179,627 |
| Total assets | $9,140,471 | $9,157,382 |
| Liabilities | ||
| Deposits: | ||
| Non-interest-bearing | $1,453,441 | $1,567,649 |
| Interest-bearing | 6,029,716 | 5,584,648 |
| Total deposits | 7,483,157 | 7,152,297 |
| Short-term borrowings | 175,945 | 601,121 |
| Long-term borrowings | 236,824 | 216,241 |
| Accrued expenses and other liabilities | 119,573 | 134,189 |
| Total liabilities | $8,015,499 | $8,103,848 |
| Stockholders’ equity | ||
| Preferred shares, no par value, 50,000 shares authorized, no shares issued at September 30, 2024 or at December 31, 2023 | — | — |
| Common shares, no par value, 50,000,000 shares authorized, 36,772,459 shares issued at September 30, 2024 and 36,736,041 shares issued at December 31, 2023, including at each date shares held in treasury | 865,326 | 865,227 |
| Retained earnings | 375,396 | 327,237 |
| Accumulated other comprehensive loss, net of deferred income taxes | (82,496) | (101,590) |
| Treasury stock, at cost, 1,323,075 shares at September 30, 2024 and 1,511,348 shares at December 31, 2023 | (33,254) | (37,340) |
| Total stockholders’ equity | $1,124,972 | $1,053,534 |
| Total liabilities and stockholders’ equity | $9,140,471 | $9,157,382 |
(a) Available-for-sale investment securities and held-to-maturity investment securities are presented net of allowance for credit losses of $0 and $236, respectively, at September 30, 2024, and $0 and $238, respectively, at December 31, 2023.
(b)Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."
(c)Also referred to throughout this Quarterly Report on Form 10-Q as "net loans."
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.