Peoples Bancorp Inc.

PEOPLES BANCORP INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER 2026

Peoples Bancorp reported Q3 2026 net income of $32.6 million, or $0.91 diluted EPS, up from $0.83 a year ago and $0.78 in the linked quarter, despite $0.13 of non-core charges. Net interest margin expanded to 4.31% from 4.23%, net interest income rose $1.1 million sequentially, and the provision for credit losses fell to $3.6 million from $4.7 million; asset quality was broadly stable with NPAs down 10% QoQ, though classified loans rose 21% to 2.50% of loans. The bank sold $58.5 million of AFS securities at a $4.5 million loss to stay under $10 billion in assets ahead of the pending Citizens merger ($76.6 million) and the larger $728.1 million all-stock Capital Bancorp merger. CEO Tyler Wilcox highlighted continued improvement in margins, fee revenue, and profitability, with a 57.3% core efficiency ratio and 1.57% core ROAA.

•20d ago

Peoples Bancorp Inc. and Capital Bancorp, Inc. Announce Merger Agreement

Peoples Bancorp (PEBO) will acquire Capital Bancorp (CBNK) in an all-stock merger valued at approximately $728.1 million, with CBNK shareholders receiving 1.11 PEBO shares per CBNK share — an implied $43.75 per share. The combined company will have roughly $14 billion in assets, $10 billion in loans and $11 billion in deposits across 150+ locations in eight states and Washington, D.C., with former Capital shareholders owning about 32% of Peoples. The deal is expected to be accretive to Peoples' 2027 earnings with a tangible book value earnback under three years and ~20% pro forma return on average tangible common equity. Closing is expected in the first half of 2027, subject to regulatory approvals and shareholder votes of both companies; three Capital directors will join the Peoples board.

•1mo ago

PEOPLES BANCORP INC. RECEIVES REGULATORY APPROVALS OF ITS MERGER WITH CITIZENS NATIONAL CORPORATION

Peoples Bancorp has received all necessary regulatory approvals for its merger with Citizens National Corporation, with Peoples as the surviving corporation. The merger agreement, dated April 20, 2026, was approved by Citizens shareholders on August 6, 2026; the approvals also cover the merger of Citizens' subsidiary Citizens Bank of Kentucky into Peoples Bank. For Citizens National (CZNL) shareholders, regulatory clearance removes the final major hurdle to closing, moving the deal toward completion.

•1mo ago

PEOPLES BANCORP INC. DECLARES QUARTERLY DIVIDEND

Peoples Bancorp's Board declared a quarterly cash dividend of $0.42 per share, payable on August 17, 2026 to shareholders of record on August 3, 2026. The dividend represents a total payout of approximately $15.1 million, equating to 54.0% of the company's reported second quarter 2026 earnings. Based on a closing price of $39.39 on July 17, the new annualized yield is 4.27%.

•3mo ago

PEOPLES BANCORP INC. ANNOUNCES RESULTS FOR THE SECOND QUARTER 2026

Peoples Bancorp reported Q2 2026 net income of $28.0 million, or $0.78 per diluted share, a 32% increase from the prior year, driven by a 7 basis point expansion in net interest margin to 4.23%. Sequential operating performance remained strong, with net interest income rising and the efficiency ratio improving to 58.3%, though GAAP earnings were impacted by $0.18 per share in non-core expenses related to the pending Citizens acquisition and investment portfolio restructuring. Credit quality metrics improved with a $5.0 million decrease in loan loss provisions compared to the linked quarter, while criticized loans increased 22% due to specific commercial downgrades.

•3mo ago