Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q2 2026 Earnings Presentation
17 slides from Peoples Bancorp's earnings presentation, Jul 21, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call
Second Quarter 2026 Earnings Conference Call July 21, 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 This presentation does not constitute an offer to sell or the solicitation of an offer to buy securities of Peoples. Peoples filed a registration statement on Form S-4 (Registration No. 333-296361) and other documents regarding the proposed merger
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: Second Quarter 2026 Financial Highlights
Second Quarter 2026 Financial Highlights • Adjusted for one-time losses and expenses of $0.18, diluted Net income was $28.0 million, or $0.78 of diluted EPS earnings per share (“EPS”) of $0.96 exceeded consensus • Negatively impacted diluted EPS by $0.18 with losses of analyst estimates of $0.85 for
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) 4% 13% 4% 25% 6.71% 6.71% 11% 6.54% 6.47% 6.42% $5.15 $5.35 $5.46 $5.55 $5.68 9% 22% 12% Residential real estate Home equity lines of credit $1.45 $1.38 $1.30 $1.23 Owner
Slide 7: North Star Leasing
North Star Leasing North Star Leasing North Star Leasing by Segment (As of Most Recent Quarter-End) $690 $2,205 $3,027 $3,733 $7,483 24% $5,403 $1,383 $4,836 $4,484 36% $5,325 $3,819 $3,401 14.69% 14.43% 14.49% 14.35% 14.24% 14.14% 14.25% 14.22% 11% 13.99% 14.13% 13.80% 13.74% 7% 8% 7% 7% $162.7 $21
Slide 8: North Star Leasing (High Balance Accounts)
North Star Leasing (High Balance Accounts) High Balance Accounts We have significantly reduced our (Dollars in millions) exposure to high balance leases within $60.0 the North Star Leasing portfolio – The high balance portfolio declined 87% $50.0 compared to December 31, 2023 – At June 30, 2026, the
Slide 9: Asset Quality
Asset Quality Asset Quality Metrics The allowance for credit losses was 3.99% 4.01% 1.14% of total loans at June 30, 2026 3.79% 3.80% – Nonperforming loans increased slightly 3.70% compared to the linked quarter-end 3.52% 3.50% – Delinquency levels improved as 99.1% 3.31% of our loan portfolio was c
Slide 10: Provision for Credit Losses and Net Charge-Offs
Provision for Credit Losses and Net Charge-Offs Provision for credit losses and the annualized net charge-off Net Charge-Offs rate declined compared to the linked quarter (Dollars in thousands) – Lower provision for credit losses was driven by reduced net charge-offs and the stabilization of macro-e
Slide 11: Net Interest Income
Net Interest Income Net Interest Income Accretion Income Net interest income improved (Dollars in thousands) (Dollars in thousands) $2.3 million compared to the $172,832 $183,148 linked quarter, while net interest $6,073 margin expanded by 7 basis $87,577 $90,420 $92,728 points $2,592 $2,428 – The h
Slide 12: Non-Interest Income
Non-Interest Income Non-Interest Income Non-interest income declined compared to the linked (Dollars in thousands) quarter and first half of 2025 – We recorded losses of $8.2 million related to a sale of $135 million $53,979 of investment securities as part of our current strategic plan to stay $48,
Slide 13: Non-Interest Expense
Non-Interest Expense Non-interest expense grew 2% compared to the linked quarter Non-Interest Expense – Includes $410,000 of acquisition-related expenses (Dollars in thousands) – Increase was mostly due to higher professional fees, which included the majority of the acquisition-related expenses For
Slide 14: Deposits
Deposits Deposit Balances and Costs Deposit Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 3% 22% 12% 10% 1.76% 1.76% 1.68% 1.52% 15% 1.46% 13% $6.11 $6.10 $6.06 $6.06 $5.86 25% Non-interest-bearing deposits Interest-bearing demand accounts $1.53 $1.54 $1.55 $1.59 $1.59 Re
Slide 15: Capital
Capital Capital Metrics 13.98% 14.19% 13.71% 13.79% 13.78% 12.89% 13.10% 12.54% 12.73% 12.39% 12.45% 12.66% 12.11% 12.29% 11.95% 10.14% 10.33% 9.83% 9.74% 9.91% 9.25% 8.79% 8.91% 8.53% 8.26% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Total risk-based capital ratio Tier 1 risk-based capital r
Slide 16: 2026 Outlook
2026 Outlook Our current expectations for 2026, excluding non-core expenses and the proposed 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 4.10% and 4.30% for th
Slide 17: Proposed Merger: Citizens National Corporation
Proposed Merger: Citizens National Corporation Franchise Background Combined Branch Footprint • Founded in 1909 as Paintsville Bank & Trust Co. PEBO* (127) Citizens (12) • Headquartered in Paintsville, KY Transaction Structure & Consideration • Operates 12 branches in 8 Kentucky counties, which incl