PEOPLES BANCORP INC. ANNOUNCES THIRD QUARTER 2025 RESULTS

About this update from Peoples Bancorp Inc.

[{"type":"text","content":"\n MARIETTA, Ohio, Oct. 21, 2025 /PRNewswire/ -- Peoples Bancorp Inc. (\"Peoples\") (NASDAQ: PEBO) today announced results for the quarter ended September 30, 2025. Net income totaled $29.5 million for the third quarter of 2025, representing earnings per diluted common share of $0.83. In comparison, Peoples reported net income of $21.2 million, representing earnings per diluted common share of $0.59, for the second quarter of 2025 and net income of $31.7 million, representing earnings per diluted common share of $0.89, for the third quarter of 2024.\n \"We continued to experience high loan growth and had improvements in several key financial metrics during the third quarter\" said Tyler Wilcox, President and Chief Executive Officer. \"We look to maintain our momentum going into the fourth quarter and to drive shareholder value in future periods.\"\n \n \n Statement of Operations Summary:\n \n \n \n \n \n Net interest income for the third quarter of 2025 increased $3.8 million, or 4%, when compared to the linked quarter driven by higher investment securities yields and loan balances.\n \n \n Net interest margin increased to 4.16% for the third quarter of 2025, compared to 4.15% for the linked quarter, driven by higher investment securities yields.\n Accretion income, net of amortization expense, contributed 8 basis points to margin for the third quarter, down from the 12 basis points recognized in the linked quarter.\n \n \n \n \n Peoples recorded a provision for credit losses of $7.3 million for the third quarter of 2025, compared to a provision for credit losses of $16.6 million for the second quarter of 2025.\n \n \n The provision for credit losses for the third 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 $0.16 for the third quarter of 2025 and $0.36 for the second quarter of 2025.\n \n \n \n \n Total non-interest income\n \n \n , excluding net gains and losses, decreased $0.3 million, or 1%, for the third quarter of 2025 compared to the linked quarter. \n \n \n The decrease was driven by a decrease ...

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