PEOPLES BANCORP INC

For the period ended Jun 30, 2025. Filed Jul 31, 2025.

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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.

Jun 30, 2025 · Filed Jul 31, 2025

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

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Contents

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

Three Months Ended · Six Months Ended
	June 30,		June 30,
(Dollars in thousands, except per share data)	2025	2024	2025	2024
Interest income:
Interest and fees on loans and leases	$108,816	$112,433	$216,118	$223,182
Interest and dividends on taxable investment securities	15,593	14,841	30,965	28,760
Interest on tax-exempt investment securities	960	994	1,928	1,997
Other interest income	1,038	2,502	1,938	4,424
Total interest income	126,407	130,770	250,949	258,363
Interest expense:
Interest on deposits	33,876	35,269	69,040	67,719
Interest on short-term borrowings	1,388	5,368	1,896	10,406
Interest on long-term borrowings	3,566	3,520	7,181	6,985
Total interest expense	38,830	44,157	78,117	85,110
Net interest income	87,577	86,613	172,832	173,253
Provision for credit losses	16,642	5,683	26,832	11,785
Net interest income after provision for credit losses	70,935	80,930	146,000	161,468
Non-interest income:
Electronic banking income	6,272	6,470	12,157	12,516
Trust and investment income	5,281	4,999	10,342	9,598
Insurance income	4,549	4,109	10,603	10,607
Lease income	4,189	2,147	7,635	4,163
Deposit account service charges	4,059	4,339	8,074	8,562
Bank owned life insurance income	1,112	1,037	2,245	2,537
Mortgage banking income	220	243	616	564
Net loss on investment securities	—	(353)	(2)	(354)
Net loss on asset disposals and other transactions	(280)	(428)	(641)	(769)
Other non-interest income	1,478	1,141	2,950	2,059
Total non-interest income	26,880	23,704	53,979	49,483
Non-interest expense:
Salaries and employee benefit costs	38,893	36,564	78,714	75,457
Data processing and software expense	7,356	6,743	14,361	12,512
Net occupancy and equipment expense	5,690	6,142	11,302	12,425
Professional fees	3,610	2,935	6,697	5,902
Amortization of other intangible assets	2,211	2,787	4,424	5,575
Electronic banking expense	2,018	1,941	4,043	3,722
Federal Deposit Insurance Corporation ("FDIC") insurance expense	1,251	1,251	2,502	2,437
Other loan expenses	1,213	1,036	2,332	2,112
Operating lease expense	1,053	788	2,038	1,427
Marketing expense	718	681	1,621	1,737
Travel and entertainment expense	713	530	1,213	1,138
Communication expense	712	736	1,446	1,535
Franchise tax expense	678	760	1,607	1,641
Other non-interest expense	4,246	5,864	8,849	9,603
Total non-interest expense	70,362	68,758	141,149	137,223
Income before income taxes	27,453	35,876	58,830	73,728
Income tax expense	6,241	6,869	13,282	15,137
Net income	$21,212	$29,007	$45,548	$58,591
Earnings per common share - basic	$0.60	$0.83	$1.29	$1.67
Earnings per common share - diluted	$0.59	$0.82	$1.28	$1.66
Weighted-average number of common shares outstanding - basic	34,972,065	34,764,489	34,934,105	34,752,419
Weighted-average number of common shares outstanding - diluted	35,331,707	35,117,648	35,299,418	35,071,550
Cash dividends declared	$14,616	$14,197	$28,843	$27,942
Cash dividends declared per common share	$0.41	$0.40	$0.81	$0.79

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