Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Shareholder Meeting (April 2008)
27 slides from Peoples Bancorp's shareholder meeting presentation, Apr 11, 2008
Slide 1: Annual Meeting of Shareholders
Nasdaq: PEBO April 10, 2008 y Peoples ‘Bancorp Welcome ... Shareholders and Guests ANNUAL MEETING OF SHAREHOLDERS
Slide 2: Today's agenda
Wfeorles Bancorp Today’s agenda Updated profile of Peoples Bancorp. 2007 in review. Strategies and future outlook. Q&A session.
Slide 3: Disclaimer
Wess Disclaimer Please note and understand that commentary in this presentation may contain projections or other forward-looking statements regarding future events or Peoples Bancorp’s (“Peoples”) future financial performance. These statements are based on management's current expectations. The stat
Slide 4: PEBO at a glance
PEBO at a glance Banking Investments Insurance e-Banking Assets: $1.9 billion Associates: 600 Locations: 50 ATMs: 38 100.000+ clients
Slide 5: The last months: A time of challenge and change
[peoples . The last 12 months: ‘Bancorp A time of challenge and change ¢ The weakened US economy challenged by: —a housing collapse. — greatly increased commodity costs. — accredit crunch —a financial * What hasn’t changed? — Carol A. Schneeberger, CPA and Executive Vice President, still serves as C
Slide 6: 2007 in review
2007 in review
Slide 7: Earnings and dividends
Bancorp Earnings and dividends All data adjusted for stock splits and dividends. $2.50 $95 $0 82.00 35 S150 0 $1.00 5 0 80.50 re $0.00 7 2002 2003 2004 2005 2006 2007
Slide 8: Dividend growth since 1990
Bancorp Dividend growth since 1990 Data adjusted for stock splits and dividends $1.00 88 $0.88 Yo 403 $060 a Ress of =a 000) HH PHF PHF FFF HF PP CF Pw WS
Slide 9: 2007 performance ratios
Miers 2007 performance ratios Peoples Midwest Peer Bancorp Inc. Median 1 Yr EPS Growth (13.4%) (5.3%) Return on Assets 0.98% 0.81% Return on Equity 9.21% 9.20% Return on Tangible Equity 14.94% 13.03% Efficiency Ratio © 57.02% 63.99% (LD) Publicly traded financial companies in Midwest US with $1 10 $
Slide 10: 2007 impairment charges
exneore 2007 impairment charges * Collateralized Debt Obligations (CDO’s). — Combination of (mostly) bank, insurance and REIT exposure. — Owned $9.1 million. — 2007 impairment charges in 2007: $2.9 million. + After tax EPS charge + Reason for impairment: deterioration in financial/credit markets. +
Slide 11: Capital ratios
Wfeorles Tangible Assets Bancorp Capital ratios Peoples Peoples “Well- Bancorp Bancorp Capitalized Inc. Inc. Minimum” (8) (Ratio) (Ratio) “Total Capital” $172 million 13.2% 10.0% “Tier 1 Capital” $155 million 11.9% 6.0% “Tier 1 Leverage” $155 million 8.5% 5.0% Tangible Equity(o | sissanimion | 7.4%
Slide 12: Net interest margin
‘Bancorp Net interest margin 2003 2004 2005 2006 2007
Slide 13: US Treasury yield curve
Bancorp US Treasury yield curve March 2007 3.00% 2.00% 1.00% This week 0.00% T T T T T T T T T T 1M 3M 6M LY 2Y 3Y SY 7Y 10Y 20Y 30Y Se Ss
Slide 14: Non-interest revenue growth
[Bancorp Non-interest revenue growth 80% 70% 60% 50% 40% } 30% 20% 10% 0% 2003 2004 2005 2006 2007 gm Non-interest Income ~~» Percentage from Insurance/Investment Revenue
Slide 15: Loan growth
‘Bancorp Loan growth fin millions) 3.5% CAGR $1,298 $1,250 $1,000 ‘eel $750 $500 250 so 1 2002 2003 2004 2005 2006 2007 {B Total Loans on Balance Sheet (i Real Estate Loans being Serviced |
Slide 16: Loan quality
Uecncore Loan quality Peoples Peoples | Midwest Peer | pancorp Inc Bancorp Inc. | Group Median 2007 2007 Last 5 Year Average Net Loan Chargeoftfs 0.25% 0.24% 0.27% to Average Loans Ne fe ing Loans “Mo Total Lane | 0.83% | 1.11% | 0.74% (year-end) Allowance for Loan Losses to Total Loans | 1.32% 0.98
Slide 17: The right people... The right products...
The right people... The right products... tf, ; Upec peoples The right time. The right place. Our strategies...
Slide 18: Our strategies
Whi=rtere Our strategies * Its simple: TAKE CARE OF THE CLIENT. — Have size / scope to offer many financial services. — Be small enough to maintain fast, fun, friendly approach. * “Relationship based” approach to our clients. * Win with our people. — Bea good teammate. To each other. And to our comm
Slide 19: Huntington, WV expansion
Huntington, WV expansion 4Q 2007 - Full Service Office with Drive-Thru and ATM. - Banking, investments, insurance
Slide 20: The right schools... The right clothes... The right car...
The right schools... The right clothes... The right car... I PEOPleS The right time. The right place. ¢ Commercial loans and deposits ¢ Consumer banking products * e-banking services
Slide 21: Peoples Financial Advisors
Vi Peoples Financial Advisors investment services. insurance. innovation. * Comprehensive suite of wealth management solutions for individual / corporate clients. ¢ Assets under management now total over $1 billion. — 4,700 client relationships. * 2007 revenue exceeded $5 million.
Slide 22: Peoples Insurance
M Peoples Insurance a subsidiary of Peoples Bank * 2007 revenues: $9.6 million. — Primarily commercial Futnan insurance, with some personal The Putnam Agency lines, life. and health insurance. — — 40+ licensed producers. — Opportunities for continued ‘Barengo nisirance Agency integration of customer
Slide 23: Our focus in 2008
Wess Our focus in 2008 ¢ Earnings consistency is a good thing. * Capital is important again (is it king?). * Loan quality. * Disciplined growth and expansion. * Execute on our strategic plan.
Slide 24: Some challenges
exneore Some challenges Economic conditions. ~ If economy continues to slow, will loan quality be further challenged? The financial markets. New, unpredictable information emerging every day. Competition for deposits. — “thirst” for funding sources at an all time high with liquidity concerns increas
Slide 25: Total Return Performance
PEBO-US - 04/09/2007 - 04/09/2008 Total Retum Performance 20 g 10 £ ar) g +0 B -20 e VAN -30 =i, % % % "a, % 4, “, “Gy “Gp —#- PEBOLUS (8.85%) BSNL Bank (25.82%) ~~ SeP500 4.38%) Last 12 months: PEBO stock price vs. SNL Bank Index and S&P 500 Data as of April 9, 2008, courtesy of SNL Financial
Slide 26: Our strengths
eens Our strengths * Diversified revenue streams. — Investments, insurance, banking ... Truly a “full-service” company ... Unique for our size. * Capital position is a strength. ¢ Proven track record of revenue growth. * Consistent dividend increases. — 42 consecutive years.
Slide 27: Discussion
‘Peoples Bancorp DISCUSSION Mark F. Bradley, President and Chief Executive Officer Thank you for your attendance and support !