Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q3 2025 Earnings Presentation
16 slides from Peoples Bancorp's earnings presentation, Oct 21, 2025
Slide 1: Third Quarter 2025 Earnings Conference Call
Third Quarter 2025 Earnings Conference Call October 21, 2025 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: 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 4: Third Quarter 2025 Financial Highlights
Third Quarter 2025 Financial Highlights • Annualized loan growth of 8% Net income was $29.5 million, or $0.83 of diluted earnings per share (“EPS”) • Stable fee-based income • Negatively impacted by $2.7 million, or $0.06 • 1% decline in non-interest expense of diluted EPS due to losses recognized o
Slide 5: Loan Balances by Segment
Loan Balances by Segment Loan Balances and Yields Loans Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 4% 7.27% 7.01% 6.77% 6.71% 6.71% 22% 29% $4.69 $4.80 $4.92 $5.15 $5.35 10% 11% 24% $1.59 $1.56 $1.51 $1.45 $1.38 Consumer loans Owner occupied commercial real estate Non-
Slide 6: North Star Leasing
North Star Leasing North Star Leasing North Star Leasing by Segment 14.93% (As of Most Recent Quarter-End) 13.80% 14.43% 14.49% 14.69% 22% 14.35% 14.24% 14.14% 13.99% 13.74% 33% 11.97% 11.55% 11.49% 12% 6.91% 7% 4.08% 9% 8% 9% 1.65% Restaurant 1.54% 1.32% Titled - Vocational Titled - Trucking/Traile
Slide 7: North Star Leasing (High Balance Accounts)
North Star Leasing (High Balance Accounts) High Balance Accounts We have significantly reduced our (dollars in thousands) exposure to high balance small-ticket $60,000 leasing accounts – The portfolio declined more than 50% in the last year $50,000 – We stopped originating new high balance small-tic
Slide 8: Asset Quality
Asset Quality Asset Quality Metrics The allowance for credit losses was 4.14% 1.11% of loans 3.99% 3.82% 3.79% 3.79% 3.80% – Nonperforming loans declined nearly $2 3.70% million compared to June 30th, with 3.52% improvement in both loans 90+ days past due and accruing, as well as nonaccrual loans –
Slide 9: Provision for Credit Losses and Net Charge-Offs
Provision for Credit Losses and Net Charge-Offs Provision for credit losses and the annualized net Net Charge-Offs charge-off rate declined compared to the linked (dollars in thousands) quarter 10,000 – Reductions in provision for credit losses were driven by 2,103 lower net charge-offs and reductio
Slide 10: Net Interest Income
Net Interest Income Net Interest Income Accretion Income Net interest income grew (Dollars in Thousands) (Dollars in Thousands) nearly $4 million compared to $262,165 $264,181 the linked quarter, and net $20,314 interest margin expanded 1 $88,912 $87,577 $91,349 $8,061 $7,759 basis point $2,592 $1,6
Slide 11: Non-Interest Income
Non-Interest Income Non-Interest Income Non-interest income, excluding gains and losses, (Dollars in Thousands) declined 1% compared to the linked quarter – The decrease was driven by lower lease income, which was partially offset by higher electronic banking income and deposit account service charg
Slide 12: Non-Interest Expense
Non-Interest Expense Non-interest expense declined 1% compared to the linked quarter Non-Interest Expense – A reduction in professional fees contributed to the decline, and was partially offset by (Dollars in Thousands) higher marketing and franchise tax expense For the first nine months of 2025, no
Slide 13: Deposits
Deposits Deposit Balances and Costs Deposit Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 6% 20% 2.02% 1.96% 12% 1.84% 1.76% 1.76% $6.21 10% $6.03 $6.08 $6.11 $6.10 14% 12% 26% Non-interest-bearing deposits Interest-bearing demand accounts $1.45 $1.51 $1.53 $1.53 $1.54 Re
Slide 14: Capital
Capital Capital Metrics 13.58% 13.75% 13.71% 13.79% 13.42% 12.39% 12.54% 12.39% 12.54% 12.24% 11.95% 12.10% 11.95% 12.11% 11.80% 9.59% 9.73% 9.80% 9.83% 9.74% 8.34% 8.53% 8.25% 8.01% 8.26% 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Total risk-based capital ratio Tier 1 risk-based capital rat
Slide 15: 2025 Outlook
2025 Outlook A high level look at our expectations for the remainder of 2025, excluding non-core expenses: Operating Leverage – Expect to achieve positive operating leverage for 2025, compared to 2024, excluding the impact of the reduction in our accretion income, which declined faster than we had a
Slide 16: 2026 Outlook
2026 Outlook A preliminary high level look at our expectations for 2026, excluding non-core expenses: Operating Leverage – Expect to generate positive operating leverage for 2026, compared to 2025 Net Interest Income – We anticipate our net interest margin will be between 4.00% and 4.20% for the ful