Slide 1: Investor Presentation 2nd Quarter 2016
Peoples () Investor Presentation 2-4 Quarter 2016 Safe Harbor Statement Statements in this presentation which are not historical 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 amende
Slide 2: Profile and Investment Rationale
¢ Profile and Investment Rationale ° 24 Quarter 2016 Performance * Strategy * 2016 Performance Outlook Appendix Profile and Investment Rationale —— BANCORP (Peoples @)
Slide 3: Corporate Profile / Investment Rationale
Corporate Profile * Financial holding company headquartered in Marietta, Ohio, — Provide a broad range of banking, insurance, and investment services * Current snapshot — Assets: $3.3 billion; Loans: $2.1 billion — Deposits: $2.5 billion — Market capitalization: $396 million — Assets Under Managemen
Slide 4: Quarter 2016 Performance
24 Quarter 2016 Performance —— BANCORP (Peoples @) Second consecutive quarter delivering $8 million earnings Annualized loan growth of 4% with strong performance in both Indirect and Commercial & Industrial Lending Asset quality improving with net charge-offs falling to 0.03% of loans, and reduced l
Slide 5: Summary Financials
Summary Financials QE QE Metrics 6/30/16 3/31/16 OU)$ OU) % Investment securities S$ 855,326 S$ 885,462 S$ (30,136) -3% Gross loans 2,128,790 2,105,115 23,675 1% Allowance for loan losses (17.838) (17,261) (877) 3% Net loans 2,110,952 2,087,854 23,098 1% Balance Sheet Highlights Total assets 3,333,4
Slide 6: Efficiency has improved as a result of expense control and revenue growth
Efficiency has improved as a result of expense control and revenue growth First Quarter oe Following arter 73.00% Following of NB&T* 71.00%, 69.0036 67.0036 65.0036 (2.8%) CAGR 63.0076 61.0096 Gf30/2014 9/50/2014 12/S12014 S/S1/2015 6/30/2015 9/30/2015 12/31f2015 3/31/2016 6/30/2016 m Adjusted Effic
Slide 7: Asset Quality
Assct Quality @, Criticized and Classified loan levels continue to improve 6. 456 42.696 ! 24.596 & 21.7% 17.99% 8/31/2015 6/30/2015 9/30/2015 12/31/2015 3/31/2016 6/30/2016 eet Criticized / Tier 1 Capital + ALLL omeClassified/ Tier 1 Capital + ALLL "Peoples ss 6/30/16 Credit Exposures} Direct credi
Slide 8: CRE Concentration Analysis
CRE Concentration Analysis ‘ay * CRE exposure is well below supervisory criteria established to identify institutions with heightened CRE concentration risk — Exposure levels also compare favorably to peer mstitution concentration levels Peer Bank Subs CLD Loans / Risk-Based Capital Peer Bank Subs -
Slide 9: Insurance & Investment Income / Business Highlights
_ . Za) Insurance & Investment Income @omipesiiem ¢ s muda a — Other 1.8%. Brokerage 28.3% P&C Commeraal Lines 58.1% ‘Trailing Twelve Morths from 6/30/16 les fal BANCORP Business Highlights ‘ay * Commercial Banking — Loans were up $61 million or 5% from June 2015 — Strong pipeline with $25 millionin
Slide 10: Strategy
J Strategy ‘Peoples () Strategic Road Map “Best Community Bank in America” Responsible ‘traordinary Le ies Profitable Revenue Growth Superior Workforce Risk Management | ClientExperionce + Our Way of Life + Broad Delivery Channels _ + RightPeople / RightJob ali dicbvBoee . + Asset Quality rere sh a
Slide 11: Strategic Priorities
Strategic Pronties ¢ Primary emphasis on revenue growth ¢ Disciplined expense management ¢ Expand revenue vs. expense growth gap beyond 2% ¢ Target core efficiency ratio below 65% Positive Operating Leverage . ~) Superior * Balance growth with prudent credit practices Asset ¢ Improve diversity withi
Slide 12: Strategic Capabilities
Strategic Capabilities Banking Mobile Deposit Capabilities Card oaded PayCards Indicates Peoples has admanuge over Community 7 Peoples é ) lin me ther Bank group BANCORP 23 2016 Performance Outlook BANCORP / Peoples a
Slide 13: 2016 Outlook
2016 Outlook ‘ay * Maintain core efficiency ratio in the 65% range — Expenses met quarterly run rate target of $26.5 million in Q2 providing a ratio of 65.08%, and an adjusted ratio of 64.85% — Targeting core efficiency ratio to remain in the 65% range for the year, driven primarily by continuation
Slide 14: Appendix / Quarterly Financial Summary
Appendix /’Peop ples ©) —— BANCORP. Quarterly Financial Sun 4Q 2015 : 1Q Metrics 2016 Diluted EPS Return on common equity 4.69% 3.89% 2.42% 7.59% 7.45% Return on assets 0.61% 0.51% 0.32% 0.98% 0.97% Pre-provision net revenue to assets (1) 2) 0.99% 1.40% 1.31% 1.54% 1.48% Net interest margin FTE) 3.4
Slide 15: Growth and Peer Comparison
Growth largely attributable toNB&T acquisition PEBO Peers $1-5B PEBO Peers $1-5B LTM Fee Revenue to Dividend Yield Average Assets 7 2.75% 3.07% 2.1496 PEBO Peers $1-5B PEBO Peers $1-5B Peers include: SRCE, CHCO, CCNE, CBU, CTBI, FFKT, FMNB, FISI, FOEF, FFBC, THFF, FRME, GABC, HENC, LKFN, MSFG, PRK,
Slide 16: Non-GAAP Measures
Non-GAAP Measures EFFICIENCY RATIO The efficiency ratio is a key financial measure used to monitor performance. The efficiency ratio is calculated as non-interest expense (less intangible amortization) as a percentage of fully tax-equivalent net interest income plus non-interest income. This measure
Slide 17: Non-GAAP Measures
Non-GAAP Measures CORE NON-INTEREST EXPENSE Core non-interest expenses are non-GAAP since they exclude the impact of acquisition related costs, pension settlement charges, severance charges, search firm fees and legal settlement charges. (Sin Thousands) Q22014 —Q32014 —Q42014 QQ. 2015 Total non-inte
Slide 18: Non-GAAP Measures
Non-GAAP Measures ADJUSTED EFFICIENC RATIO The adjusted efficiency ratio is a key financial measure used to monitor performance. The adjusted efficiency ratio is calculated as core non-inter est, expense (less intangible amor tization) as a percentage of fully tax- equivalent net interest income plu
Slide 19: Peoples Quarter 2016
V’ Peoples ©) Nasdaq: PEBO Investor Presentation 24 Quarter 2016