PEOPLES BANCORP INC

For the period ended Sep 30, 2025. Filed Oct 30, 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.

Sep 30, 2025 · Filed Oct 30, 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 · Nine Months Ended
	September 30,		September 30,
(Dollars in thousands, except per share data)	2025	2024	2025	2024
Interest income:
Interest and fees on loans and leases	$113,157	$116,547	$329,275	$339,729
Interest and dividends on taxable investment securities	17,932	15,132	48,897	43,892
Interest on tax-exempt investment securities	937	988	2,865	2,985
Other interest income	782	953	2,720	5,377
Total interest income	132,808	133,620	383,757	391,983
Interest expense:
Interest on deposits	33,890	37,249	102,930	104,968
Interest on short-term borrowings	4,044	4,051	5,940	14,457
Interest on long-term borrowings	3,525	3,408	10,706	10,393
Total interest expense	41,459	44,708	119,576	129,818
Net interest income	91,349	88,912	264,181	262,165
Provision for credit losses	7,280	6,735	34,112	18,520
Net interest income after provision for credit losses	84,069	82,177	230,069	243,645
Non-interest income:
Electronic banking income	6,538	6,359	18,695	18,875
Trust and investment income	5,414	4,882	15,756	14,480
Insurance income	4,469	4,271	15,072	14,878
Deposit account service charges	4,274	4,520	12,348	13,082
Lease income	3,622	3,045	11,257	7,208
Bank owned life insurance income	1,143	460	3,388	2,997
Mortgage banking income	245	1,051	861	1,615
Net loss on asset disposals and other transactions	(478)	(795)	(1,119)	(1,564)
Net loss on investment securities	(2,580)	(74)	(2,582)	(428)
Other non-interest income	1,180	1,075	4,130	3,134
Total non-interest income	23,827	24,794	77,806	74,277
Non-interest expense:
Salaries and employee benefit costs	38,698	37,085	117,412	112,542
Data processing and software expense	7,356	6,111	21,717	18,623
Net occupancy and equipment expense	5,896	5,905	17,198	18,330
Professional fees	2,798	2,896	9,495	8,798
Amortization of other intangible assets	2,211	2,786	6,635	8,361
Electronic banking expense	2,161	1,844	6,204	5,566
Other loan expenses	1,385	1,178	3,717	3,290
Federal Deposit Insurance Corporation ("FDIC") insurance expense	1,284	1,241	3,786	3,678
Operating lease expense	1,039	1,010	3,077	2,437
Marketing expense	1,001	971	2,622	2,708
Franchise tax expense	916	917	2,523	2,558
Travel and entertainment expense	796	795	2,009	1,933
Communication expense	664	814	2,110	2,349
Other non-interest expense	3,689	2,537	12,538	12,140
Total non-interest expense	69,894	66,090	211,043	203,313
Income before income taxes	38,002	40,881	96,832	114,609
Income tax expense	8,526	9,197	21,808	24,334
Net income	$29,476	$31,684	$75,024	$90,275
Earnings per common share - basic	$0.83	$0.90	$2.13	$2.57
Earnings per common share - diluted	$0.83	$0.89	$2.10	$2.55
Weighted-average number of common shares outstanding - basic	35,003,054	34,793,704	34,957,341	34,766,281
Weighted-average number of common shares outstanding - diluted	35,398,809	35,199,383	35,327,816	35,106,712
Cash dividends declared	$14,655	$14,174	$43,498	$42,116
Cash dividends declared per common share	$0.41	$0.40	$1.22	$1.19

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