Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q3 2026 Earnings Presentation
16 slides from Peoples Bancorp's earnings presentation, Oct 20, 2026
Slide 1: Third Quarter 2026 Earnings Conference Call
Third Quarter 2026 Earnings Conference Call October 20, 2026 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements in this presentation which are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Ref
Slide 3: Important Information for Investors and Shareholders
Important Information for Investors and Shareholders In connection with the proposed merger with Capital Bancorp, Inc. (“Capital”), Peoples intends to file with the SEC a Registration Statement on Form S-4 to register the shares of Peoples common stock to be issued in connection with the proposed tr
Slide 4: Use of Non-US GAAP Financial Measures
Use of Non-US GAAP Financial Measures This presentation contains financial information and performance measures determined by methods other than those in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). Management uses these “non-US GAAP” financia
Slide 5: Third Quarter 2026 Financial Highlights
Third Quarter 2026 Financial Highlights • Net interest income increased 1%, while net interest Net income was $32.6 million, or $0.91 of diluted EPS margin expanded 8 basis points • Recorded losses of $4.5 million on sales of • Growth of 5% in fee-based income investment securities in connection wit
Slide 6: Loan Balances by Segment
Loan Balances by Segment Loan Balances and Yields Loan Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 5% 12% 4% 25% 6.71% 11% 6.54% 6.47% 6.42% 6.44% $5.35 $5.46 $5.55 $5.68 $5.76 9% 22% 12% Residential real estate Home equity lines of credit $1.38 $1.30 $1.23 $1.14 Owner
Slide 7: Asset Quality
Asset Quality Asset Quality Metrics The allowance for credit losses was 3.99% 4.01% 1.11% of total loans at September 30, 3.80% 3.74% 2026 3.70% – Nonperforming loans declined $4 million, or 3.52% 3.50% 11% compared to the linked quarter-end 3.31% – Our allowance for credit losses to nonperforming l
Slide 8: Provision for Credit Losses and Net Charge-Offs
Provision for Credit Losses and Net Charge-Offs Provision for credit losses declined, while the annualized net Net Charge-Offs charge-off rate increased compared to the linked quarter (Dollars in thousands) – Lower provision for credit losses was driven by lower reserves for individually-analyzed lo
Slide 9: Net Interest Income
Net Interest Income Net Interest Income Accretion Income Net interest income improved (Dollars in thousands) (Dollars in thousands) $1.1 million compared to the linked quarter, while net interest $7,759 $264,181 $276,990 margin expanded by 8 basis $3,404 points $91,349 $92,728 $93,842 $1,686 – The h
Slide 10: Non-Interest Income
Non-Interest Income Non-Interest Income Non-interest income grew 26% compared to the linked (Dollars in thousands) quarter – Non-interest income benefited from a reduction in investment $77,806 $74,277 securities losses, which totaled $4.5 million during the third quarter, compared to $8.2 million f
Slide 11: Non-Interest Expense
Non-Interest Expense Non-interest expense grew 2% compared to the linked quarter Non-Interest Expense – Includes $1.5 million of acquisition-related expenses (Dollars in thousands) – Increase was mostly due to higher professional fees, which included the majority of the acquisition-related expenses
Slide 12: Deposits
Deposits Deposit Balances and Costs Deposit Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 3% 21% 12% 10% 1.76% 1.68% 1.52% 15% 1.46% 1.48% 14% $6.30 $6.16 $6.06 $5.86 $5.88 25% Non-interest-bearing deposits Interest-bearing demand accounts $1.54 $1.55 $1.59 $1.59 $1.56 Re
Slide 13: Capital
Capital Capital Metrics 14.19% 14.29% 13.79% 13.78% 13.98% 13.10% 13.24% 12.73% 12.89% 12.54% 12.66% 12.81% 12.29% 12.45% 12.11% 10.67% 10.14% 10.33% 9.74% 9.91% 9.25% 9.06% 8.79% 8.91% 8.53% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 Total risk-based capital ratio Tier 1 risk-based capital
Slide 14: 2026 Outlook
2026 Outlook Our current expectations for 2026, excluding non-core expenses, and including the Citizens merger: Operating Leverage – Expect to generate positive operating leverage for 2026, compared to 2025 Net Interest Income – Anticipate our net interest margin will be between 4.20% and 4.30% for
Slide 15: 2027 Outlook
2027 Outlook Our current expectations for 2027, excluding non-core expenses and the pending Capital merger: Operating Leverage – Expect to generate positive operating leverage for 2027, compared to 2026 Net Interest Income – Anticipate our net interest margin will be between 4.30% and 4.50% for the
Slide 16: Proposed Merger: Capital Bancorp, Inc.
Proposed Merger: Capital Bancorp, Inc. Combined Branch Footprint 15