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
1 Third Quarter 2026 Earnings Conference Call October 20, 2026
Slide 2: Forward-looking statements
1 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 Reform Act of 1995. The
Slide 3: Proposed merger with Capital Bancorp: additional information
2 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 transaction. The Registration Statement will include
Slide 4: Non-GAAP financial measures
3 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” financial measures in its analysis of People
Slide 5: Third quarter 2026 highlights
4 • Net interest income increased 1%, while net interest margin expanded 8 basis points • Growth of 5% in fee-based income • Provision for credit losses declined 24% • Reduction in our efficiency ratio, adjusted for one- time items • Higher return on average assets of 1.36% • Increased return on ave
Slide 6: Loan Balances by Segment
5 Loan Balances by Segment (As of Most Recent Quarter-End) 12% 4% 11% 22% 12% 9% 25% 5% Residential real estate Home equity lines of credit Owner occupied commercial real estate Non-owner occupied commercial real estate Other consumer loans Specialty finance Commercial and industrial Construction Lo
Slide 7: Asset Quality Metrics
6 Asset Quality Metrics 3.80% 3.52% 3.70% 3.99% 3.50% 3.31% 4.01% 3.74% 2.03% 1.93% 1.89% 2.36% 2.18% 2.10% 2.06% 2.50% 1.00% 1.01% 1.13% 1.11% 1.12% 1.16% 1.14% 1.11% 0.53% 0.50% 0.49% 0.47% 0.45% 0.41% 0.43% 0.38% Criticized loans as a % of total loans Classified loans as a % of total loans Allowa
Slide 8: Net Charge-Offs and Provision for Credit Losses
7 Net Charge-Offs (Dollars in thousands) 4,484 5,325 3,819 3,401 2,537 2,345 2,114 2,826 1,784 3,475 Small-ticket leasing net charge-offs All other net charge-offs 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 — 2,000 4,000 6,000 8,000 10,000 Provision for Credit Losses and Net Charge-Offs Prov
Slide 9: Net Interest Income and Net Interest Margin
8 Net interest income improved $1.1 million compared to the linked quarter, while net interest margin expanded by 8 basis points – The higher net interest income was primarily driven by increased loan income – Net interest margin expansion was largely due to higher investment and loan yields For the
Slide 10: Non-Interest Income
9 Non-interest income grew 26% compared to the linked quarter – Non-interest income benefited from a reduction in investment securities losses, which totaled $4.5 million during the third quarter, compared to $8.2 million for the linked quarter – The losses were related to sales of investment securi
Slide 11: Non-Interest Expense
10 Non-interest expense grew 2% compared to the linked quarter – Includes $1.5 million of acquisition-related expenses – Increase was mostly due to higher professional fees, which included the majority of the acquisition-related expenses For the first nine months of 2026, non-interest expense increa
Slide 12: Deposit Balances by Segment
11 Deposit Balances by Segment (As of Most Recent Quarter-End) 21% 15% 25% 14% 10% 12% 3% Non-interest-bearing deposits Interest-bearing demand accounts Retail certificates of deposit Money market deposit accounts Governmental deposit accounts Savings accounts Brokered deposits Deposit Balances and
Slide 13: Capital Metrics
12 Capital Metrics 13.79% 13.78% 13.98% 14.19% 14.29% 12.54% 12.73% 12.89% 13.10% 13.24% 12.11% 12.29% 12.45% 12.66% 12.81% 9.74% 9.91% 10.14% 10.33% 10.67% 8.53% 8.79% 8.91% 9.25% 9.06% Total risk-based capital ratio Tier 1 risk-based capital ratio Common equity tier 1 capital ratio Leverage ratio
Slide 14: 2026 expectations
13 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 the full y
Slide 15: 2027 expectations
14 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 full year
Slide 16: Proposed Merger: Capital Bancorp, Inc. Combined Branch Footprint
15 Proposed Merger: Capital Bancorp, Inc. Combined Branch Footprint