Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q4 2025 Earnings Presentation
15 slides from Peoples Bancorp's earnings presentation, Jan 20, 2026
Slide 1: Fourth Quarter 2025 Earnings Conference Call
Fourth Quarter 2025 Earnings Conference Call January 20, 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: 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: Fourth Quarter 2025 Financial Highlights
Fourth Quarter 2025 Financial Highlights • Diluted earnings per share of $0.89 exceeded Net income was $31.8 million, or $0.89 of diluted consensus analyst estimates of $0.88 earnings per share (“EPS”) • Fee-based income grew 5% • Negatively impacted by $850,000, or $0.02 of diluted EPS, related to
Slide 5: 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% 7.01% 6.77% 23% 4% 6.71% 6.71% 6.54% 11% $4.80 $4.92 $5.15 $5.35 $5.46 9% 24% 12% Residential real estate Home equity lines of credit $1.56 $1.51 $1.45 $1.38 $1.30
Slide 6: 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 23% $5,403 $1,383 $4,836 34% $4,484 $5,325 14.49% 14.69% 14.43% 14.35% 14.24% 14.25% 13.99% 14.14% 13.80% 13.74% 12% 7% 8% 8% 8% $162.7 $212.4 $220.9 $221.5 $212.0 $19
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 leases within $60,000 the North Star Leasing portfolio – The high balance portfolio declined nearly $50,000 65% compared to December 31, 2024, and is dow
Slide 8: Asset Quality
Asset Quality Asset Quality Metrics The allowance for credit losses was 4.14% 1.12% of total loans at December 31, 3.99% 3.79% 3.79% 3.80% 2025 3.70% 3.52% – Nonperforming loans grew compared to 3.50% the linked quarter, with increases in both loans 90+ days past due and accruing, and nonaccrual loa
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 increased compared to the linked (Dollars in thousands) quarter 10,000 – Higher net charge-offs led to increases in provision for 2,103 credit losses for the fourth quar
Slide 10: Net Interest Income
Net Interest Income Net Interest Income Accretion Income Net interest income was (Dollars in thousands) (Dollars in thousands) relatively flat compared to the linked quarter, and net interest $348,701 $355,230 $25,171 margin declined by 4 basis points $86,536 $91,349 $91,049 $9,553 $4,856 $1,686 $1,
Slide 11: Non-Interest Income
Non-Interest Income Non-Interest Income Non-interest income, excluding gains and losses, grew (Dollars in thousands) 5% compared to the linked quarter – The improvement was driven by higher lease income, deposit $104,078 account service charges, mortgage banking income and trust and $99,366 investme
Slide 12: Non-Interest Expense
Non-Interest Expense Non-interest expense grew 2% compared to the linked quarter Non-Interest Expense – This was the result of higher lease expense, which was more than offset by the higher (Dollars in thousands) lease income, coupled with higher sales-based and incentive compensation related to our
Slide 13: Deposits
Deposits Deposit Balances and Costs Deposit Balances by Segment (Dollars in billions) (As of Most Recent Quarter-End) 6% 20% 1.96% 12% 1.84% 1.76% 1.76% 1.68% $6.21 10% $6.08 $6.11 $6.10 $6.06 14% 12% 26% Non-interest-bearing deposits Interest-bearing demand accounts $1.51 $1.53 $1.53 $1.54 $1.55 Re
Slide 14: Capital
Capital Capital Metrics 13.58% 13.75% 13.71% 13.79% 13.78% 12.54% 12.54% 12.72% 12.39% 12.39% 12.10% 12.11% 12.29% 11.95% 11.95% 9.73% 9.80% 9.83% 9.74% 9.91% 8.53% 8.79% 8.34% 8.26% 8.01% 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 Total risk-based capital ratio Tier 1 risk-based capital ra
Slide 15: 2026 Outlook
2026 Outlook Our current 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 full year of 2026, which doe