Business
PEOPLES BANCORP INC. ANNOUNCES FOURTH QUARTER AND ANNUAL RESULTS FOR 2025
MARIETTA, Ohio, Jan. 20, 2026 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today announced results for the quarter ended December 31, 2025.
About this update from Peoples Bancorp Inc.
[{"type":"text","content":"MARIETTA, Ohio, Jan. 20, 2026 /PRNewswire/ -- Peoples Bancorp Inc. (\"Peoples\") (NASDAQ: PEBO) today announced results for the quarter ended December 31, 2025. Net income totaled $31.8 million for the fourth quarter of 2025, representing earnings per diluted common share of $0.89. In comparison, Peoples reported net income of $29.5 million, representing earnings per diluted common share of $0.83, for the third quarter of 2025 and net income of $26.9 million, representing earnings per diluted common share of $0.76, for the fourth quarter of 2024.\n\"We are pleased with the results achieved in 2025, highlighted by positive operating leverage, excluding the impact of accretion income, and solid loan growth,\" said Tyler Wilcox, President and Chief Executive Officer. \"We remain focused on this momentum and commitment to delivering strong returns for our shareholders and community in 2026.\"Statement of Operations Summary:Net interest income for the fourth quarter of 2025 decreased $0.3 million when compared to the linked quarter driven by lower loan yields.Net interest margin decreased to 4.12% for the fourth quarter of 2025, compared to 4.16% for the linked quarter, driven by lower loan and investment yields, partially offset by lower funding costs.Accretion income, net of amortization expense, contributed 8 basis points to margin for the fourth quarter, consistent with the 8 basis points recognized in the linked quarter.Peoples recorded a provision for credit losses of $8.1 million for the fourth quarter of 2025, compared to a provision for credit losses of $7.3 million for the third quarter of 2025.The provision for credit losses for the fourth quarter of 2025 was primarily driven by (i) net charge-offs, (ii) loan growth, and (iii) a slight deterioration in the economic forecasts used within the current expected credit loss (\"CECL\") model, partially offset by reductions in reserves for individually analyzed loans and leases. The provision for credit losses negatively impacted earnings per diluted common share by $0.18 for the fourth quarter of 2025 and $0.16 for the third quarter of 2025.Total non-interest income, excluding net gains and losses, increased $1.4 million, or 5%, for the fourth quarter of 2025 compared to the linked quarter. The increase was driven by increases in lease income, deposit account service charges, mo...