PEOPLES BANCORP INC

For the period ended Sep 30, 2024. Filed Oct 31, 2024.

About 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

PEBO$38.53-0.7%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended · Nine Months Ended
	September 30,		September 30,
(Dollars in thousands, except per share data)	2024	2023	2024	2023
Interest income:
Interest and fees on loans and leases	$116,547	109,024	$339,729	$272,634
Interest and dividends on taxable investment securities	15,132	12,635	43,892	36,409
Interest on tax-exempt investment securities	988	1,133	2,985	3,254
Other interest income	953	801	5,377	1,862
Total interest income	133,620	123,593	391,983	314,159
Interest expense:
Interest on deposits	37,250	22,482	106,213	42,546
Interest on short-term borrowings	4,050	5,169	13,212	14,940
Interest on long-term borrowings	3,408	2,668	10,393	5,668
Total interest expense	44,708	30,319	129,818	63,154
Net interest income	88,912	93,274	262,165	251,005
Provision for credit losses	6,735	4,053	18,520	13,889
Net interest income after provision for credit losses	82,177	89,221	243,645	237,116
Non-interest income:
Electronic banking income	6,359	6,466	18,875	18,375
Trust and investment income	4,882	4,288	14,480	12,786
Deposit account service charges	4,520	4,516	13,082	12,192
Insurance income	4,271	4,250	14,878	13,679
Lease income	1,827	(66)	4,179	2,730
Bank owned life insurance income	460	1,375	2,997	2,924
Mortgage banking income	1,051	237	1,615	740
Net loss on investment securities	(74)	(7)	(428)	(2,108)
Net loss on asset disposals and other transactions	(795)	(307)	(1,564)	(2,218)
Other non-interest income	2,293	2,452	6,163	4,179
Total non-interest income	24,794	23,204	74,277	63,279
Non-interest expense:
Salaries and employee benefit costs	37,085	36,608	112,542	106,661
Data processing and software expense	6,111	6,288	18,623	15,578
Net occupancy and equipment expense	5,905	5,501	18,330	15,836
Professional fees	2,896	3,456	8,798	13,775
Amortization of other intangible assets	2,786	3,280	8,361	7,951
Electronic banking expense	1,844	1,836	5,566	5,159
Federal Deposit Insurance Corporation ("FDIC") insurance expense	1,241	1,260	3,678	3,525
Other loan expenses	1,178	856	3,290	2,133
Franchise tax expense	917	772	2,558	2,678
Communication expense	814	752	2,349	2,089
Marketing expense	971	1,267	2,708	3,554
Other non-interest expense	4,342	9,820	16,510	19,859
Total non-interest expense	66,090	71,696	203,313	198,798
Income before income taxes	40,881	40,729	114,609	101,597
Income tax expense	9,197	8,847	24,334	22,059
Net income	$31,684	$31,882	$90,275	$79,538
Earnings per common share - basic	$0.90	$0.91	$2.57	$2.49
Earnings per common share - diluted	$0.89	$0.90	$2.55	$2.47
Weighted-average number of common shares outstanding - basic	34,793,704	34,818,346	34,766,281	31,771,061
Weighted-average number of common shares outstanding - diluted	35,199,383	35,061,897	35,106,712	31,977,486
Cash dividends declared	$14,174	$13,793	$42,116	$37,940
Cash dividends declared per common share	$0.40	$0.39	$1.19	$1.16

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.