Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q4 2025 Earnings Presentation
36 slides from Peoples Bancorp's earnings presentation, Feb 2, 2026
Slide 1: Investor Presentation 4th Quarter
INVESTOR PRESENTATION I 4th QUARTER W O R K IN G T O G E T H E R . B U IL D IN G S U C C ES S. ®
Slide 2: Forward-looking statements
WORKING TOGETHER BUILDING SUCCESS2 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 amended, and the Private Securities Litigat
Slide 3: Peoples Bank Geographic Profile
WV VAKY OH MD DC WORKING TOGETHER BUILDING SUCCESS NASDAQ: PEBO PEOPLES BANK GEOGRAPHIC PROFILE 3WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO PEBO SNAPSHOT AS OF DECEMBER 31, 2025 ASSETS $9.6 BILLION ASSETS UNDER ADMIN & MGMT $4.1 BILLION LOANS $6.8 BILLION DEPOSITS $7.6 BILLION FULL-SERVICE B
Slide 4: Corporate Culture
4 CORPORATE CULTURE NASDAQ: PEBO Our vision is to be the BEST COMMUNITY BANK IN AMERICA for our employees, clients, shareholders, and local communities. Our actions are guided by our core values represented by the PEBO Promise Circle, which embodies how we do business and our never ending pursuit of
Slide 5: Strategic Road Map
NASDAQ: PEBO STRATEGIC ROAD MAP 5WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO • Everyone is a Risk Manager • Know the Risks: Strategic, Reputation, Credit, Market, Liquidity, Operational, Compliance • Disciplined Credit Culture • Do Things Right the First Time • Raise Your Hand • Discover the
Slide 6: Investment Rationale
NASDAQ: PEBO 6 INVESTMENT RATIONALE • Top 10 bank-owned insurance agency with expertise in commercial, personal, life & health • Wealth management – $4.1 billion in assets under administration and management, including brokerage, trust and retirement planning as of December 31, 2025 STRONG, DIVERSE
Slide 7: Investment Rationale: Dividend Opportunity
NASDAQ: PEBO 7WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO INVESTMENT RATIONALE • Generate positive operating leverage • Integrated enterprise risk management process • Focused on business line performance and contribution, operating efficiency and credit quality • Disciplined credit practice
Slide 8: Investment Rationale: Credit, Capital, Deposits
8 NASDAQ: PEBO INVESTMENT RATIONALE CREDIT • Non-performing assets (NPAs) of 0.44% as a percentage of total assets • 98.6% of loan portfolio “current” • Total outstanding balance of commercial office space was $178 million or 2.6% of total loans • 0.45% YTD net charge-offs to average loans • Commerc
Slide 9: External Recognition & Community Involvement
NASDAQ: PEBO 9WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO EXTERNAL RECOGNITION & COMMUNITY INVOLVEMENT $900,000 RAISED IN ASSOCIATE DONATIONS TO LOCAL FOOD BANKS & PANTRIES SINCE APRIL 2020 $8 MILLION PEOPLES BANK FOUNDATION GRANTS AND SCHOLARSHIPS AWARDED SINCE ITS INCEPTION IN 2003 4,000+ H
Slide 10: Preparing to Cross $10 Billion
PREPARING TO CROSS $10 BILLION 10 NASDAQ: PEBO 2016-2022 Core system conversion 2016 Revamped online & mobile banking experience 2022 Internal Readiness Assessment for crossing $10 billion completed 2022 Deployed Robotic Process Automation in some business processes 2022-2023 2023 Implemented new de
Slide 11: Competitive Products, Technology and Capabilities
NASDAQ: PEBO 11WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO COMPETITIVE PRODUCTS, TECHNOLOGY AND CAPABILITIES CREDIT CARD SOLUTIONS Purchasing card, ghost card, virtual card, credit cards for consumers and small business COMMERCIAL CAPABILITIES Remote deposit capture, sweep accounts, escrow ma
Slide 12: Peer Group Net Interest Margin
12 NASDAQ: PEBO 4.20% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% P R K T H FF P E B O S R C E G A B C C H C O FF B C FC F S T B A A U B C C N E N B T B N W B I FI S I C T B I S Y B T W S B C H B N C T O W N L K FN C B U FR M E T M P FM N B E G B N NEAR BEST IN CLASS NET INTEREST MARGIN LARGELY DUE TO STRON
Slide 13: Return on Average Assets and Tangible Book Value
NASDAQ: PEBO 13WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO RETURN ON AVERAGE ASSETS NEAR BEST IN CLASS NET INTEREST MARGIN LARGELY DUE TO STRONG DEPOSIT FRANCHISE PEER GROUP - NET INTEREST MARGIN TANGIBLE BOOK VALUE PER SHARE PEOPLES BANK CONTINUES TO GROW TANGIBLE BOOK VALUE $16.23 $18.16 $1
Slide 14: Peer Group Total Deposit Cost
14 NASDAQ: PEBO 1.76% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% E G B N L K FN FR M E FI S I C C N E C T B I A U B FF B C S R C E S Y B T S T B A W S B C FC F FM N B H B N C T O W N P E B O G A B C T M P T H FF N W B I N B T B C H C O P R K C B U COST OF DEPOSITS UNIV. $1-$10 B AVERAGE: 2.09%
Slide 15: Loan-to-Deposit Ratio
NASDAQ: PEBO 15WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 88.16% 0% 20% 40% 60% 80% 100% 120% S T B A P R K FC F N W B I S R C E C C N E FR M E S Y B T A U B T M P C T B I W S B C P E B O H B N C L K FN T H FF FI S I N B T B C H C O G A B C FF B C T O W N E G B N C B U FM N B LOAN-TO-DEPOSIT
Slide 16: Peer Group Loan Yield
16 NASDAQ: PEBO 4.58% 4.73% 5.65% 6.06% 6.11% 4.48% 5.13% 6.73% 7.23% 6.75% 4.20% 4.48% 5.69% 6.09% 6.00% 3.50% 4.50% 5.50% 6.50% 7.50% FY2021 FY2022 FY2023 FY2024 FY2025 Avg. $1-$10 Billion Universe PEBO Peer Average LOAN YIELD PEBO IS ABOVE THE AVERAGE OF THE PEER GROUP IN TERMS OF LOAN YIELD PEER
Slide 17: Credit Risk Management Process
NASDAQ: PEBO 17WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO *Also referred to throughout this document as “Total Loans” and “Loans Held for Investment." CREDIT RISK MANAGEMENT PROCESS POLICY / UNDERWRITING STANDARDS • Robust concentration management process focused on portfolio risk diversific
Slide 18: Asset Quality
18 NASDAQ: PEBO 29.11% 28.50% 26.66% 26.02% 23.62% 16.40% 13.34% 13.60% 13.89% 14.70% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% FY-21 FY-22 FY-23 FY-24 YTD-25 CRITICIZED AND CLASSIFIED LOANS CRITICIZED LOANS / TIER 1 CAPITAL + ALLL CLASSIFIED LOANS / TIER 1 CAPITAL + ALLL * 0.00% 0.20% 0.40% 0.60% 0
Slide 19: CRE Concentration Analysis
NASDAQ: PEBO 19WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 42.45% 26.26% 0% 20% 40% 60% 80% 100% 120% 140% E G B N FI S I T H FF S Y B T W S B C L K FN T O W N A U B T M P C C N E $ 1- 10 B A ve ra g e G A B C H B N C FR M E P R K FC F FF B C S T B A N B T B P E B O S R C E FM N B C B U N W B
Slide 20: Loan Composition Reflects Diversified Risk Profile
20 NASDAQ: PEBO 62% 29% 9% TOTAL LOAN PORTFOLIO COMMERICAL CONSUMER SPECIALITY FINANCE Data as of December 31, 2025. *Amount is not meaningful. LOAN COMPOSITION REFLECTS DIVERSIFIED RISK PROFILE LOAN COMPOSITION TOTAL LOAN PORTFOLIO = $6.8 BILLION COMMERCIAL CONSUMER SPECIALTY FINANCE 1 2 3 CONSUMER
Slide 21: Loan Composition: Geographic Dispersion
NASDAQ: PEBO 21WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 52% 20% 16% 4% 3% 1% 1% 3% GEOGRAPHIC DISPERSION OF TOTAL LOAN EXPOSURE (COMMITMENTS)^ OHIO KENTUCKY WEST VIRGINIA VIRGINIA MARYLAND WASHINGTON DC PENNSLYVANI A OTHER STATES LOAN COMPOSITION REFLECTS DIVERSIFIED RISK PROFILE LOAN COMP
Slide 22: Q4 & FY 2025 Highlights & Key Impacts
22 NASDAQ: PEBO Q4 & FY 2025 HIGHLIGHTS & KEY IMPACTS LOAN TO DEPOSIT RATIO 89% 89% NET INCOME $32 MILLION $107 MILLIONOR $0.89 PER DILUTED COMMON SHARE OR $2.99 PER DILUTED COMMON SHARE NET CHARGE-OFFS 0.44% OF AVERAGE TOTAL LOANS 0.45% OF AVERAGE TOTAL LOANS EFFICIENCY RATIO 57.8% 58.7% RETURN ON
Slide 23: Returns, Efficiency and Core Non-Interest Expense
NASDAQ: PEBO 23WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 1.2% 1.5% 1.6% 1.3% 1.1% 0.0% 0.5% 1.0% 1.5% 2.0% FY-21 FY-22 FY-23 FY-24 FY-25 RETURN ON AVERAGE ASSETS ADJUSTED FOR NON-CORE ITEMS 16.9% 23.3% 25.6% 18.9% 15.0% 0.0% 10.0% 20.0% 30.0% FY-21 FY-22 FY-23 FY-24 FY-25 RETURN ON AVERAGE
Slide 24: Total Revenue
$172,553 $253,442 $339,374 $348,701 $355,230 $69,254 $79,513 $93,950 $103,092 $109,764 $0 $100,000 $200,000 $300,000 $400,000 $500,000 FY-21 FY-22 FY-23 FY-24 FY-25 RECORD TOTAL REVENUE IN 2024 NET INTEREST INCOME NON-INTEREST INCOME, EXCLUDING GAINS AND LOSSES 24 TOTAL REVENUE NASDAQ: PEBO RECORD T
Slide 25: Non-Interest Revenue Composition
24% 21% 19% 16% 15% 5% NON-INTEREST INCOME FY-2025 $104 MILLION ELECTRONIC BANKING TRUST & INVESTMENTS INSURANCE DEPOSIT ACCOUNT SERVICE CHARGES LEASE INCOME OTHER 59% 18% 14% 9% TOTAL INSURANCE REVENUE YTD 2025 $15.1 MILLION PROPERTY & CASUALTY COMMERICAL LINES PERFORMANCE BASED PROPERTY & CASUALTY
Slide 26: Total Loan Growth
26 TOTAL LOAN GROWTH TOTAL LOANS* WERE $6.8 BILLION AS OF DECEMBER 31, 2025 *Also referred to throughout this document as “total loans and leases” and “loans held for investment.” NASDAQ: PEBO TOTAL LOANS NOT ACQUIRED DURING THE CALENDAR YEAR EXCEPT PPP LOANS LIMESTONE ACQUIRED LOANS PPP LOANS TOTAL
Slide 27: Deposit Growth
35% OF DEPOSIT BALANCES AS OF DECEMBER 31, 2025 WERE DEMAND DEPOSIT ACCOUNTS (DDAS), INCLUDING $1.5 BILLION OF NON-INTEREST BEARING DDAS *DDAs stands for demand deposit accounts and represents interest-bearing and non-interest bearing transaction accounts. DEPOSIT GROWTH NASDAQ: PEBO 27WORKING TOGET
Slide 28: Financial Expectations 2026
28 FINANCIAL EXPECTATIONS NASDAQ: PEBO 2026 NET INTEREST MARGIN FEE-BASED INCOME CORE NON-INTEREST EXPENSE CREDIT COSTS LOAN GROWTH EXPECTED BETWEEN 3% AND 5% FOR THE FULL YEAR OF 2026, COMPARED TO 2025 ANTICIPATED TO BE BETWEEN $28 AND $30 MILLION QUARTERLY IN 2026. ANTICIPATE A SLIGHT REDUCTION IN
Slide 29: FY 2025 Appendix
NASDAQ: PEBO 29WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO FY 2025 APPENDIX
Slide 30: Non-US GAAP Measures: Core Non-Interest Income and Expense
NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 30 CORE NON-INTEREST INCOME CORE NON-INTEREST EXPENSE ($ in Thousands) FY-21 FY-22 FY-23 FY-24 FY-25 Total non-interest income $ 68,885 $ 78,836 $ 87,413 $ 99,366 $ 104,078 Less: net gain (loss) on investment securities (862) (61) (3,700) (416) (2,659) Less
Slide 31: Non-US GAAP Measures: Efficiency Ratio
APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 31 EFFICIENCY RATIO AND ADJUSTED FOR NON-CORE ITEMS ($ in Thousands) FY-21 FY-22 FY-23 FY-24 FY-25 Total non-interest expense $ 183,737 $ 207,147 $ 266,847 $ 273,816 $ 282,337 Less: amortization on other intangible assets 4,775 7,763 11,222 11,161 8,845 Adj
Slide 32: Non-US GAAP Measures: Return on Tangible Equity
NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 32 (a) Tax effect is calculated using a 21% federal statutory tax rate for all periods represented. RETURN ON AVERAGE TANGIBLE STOCKHOLDERS’ EQUITY The return on average tangible stockholders’ equity ratio is a key financial measure used to monitor performa
Slide 33: Non-US GAAP Measures: Return on Equity
APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 33 RETURN ON AVERAGE STOCKHOLDERS’ EQUITY ADJUSTED FOR NON-CORE ITEMS (a) Tax effect is calculated using a 21% federal statutory tax rate for all periods represented. (b) YTD calculation is presented on an annualized basis. The return on average stockholder
Slide 34: Non-US GAAP Measures: Return on Assets
NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 34 RETURN ON AVERAGE ASSETS AND ADJUSTED FOR NON-CORE ITEMS (a) Tax effect is calculated using a 21% federal statutory tax rate for all periods represented. (b) YTD calculation is presented on an annualized basis. The return on average assets adjusted for n
Slide 35: More Than Just a Bank
MORE THAN JUST A BANK NASDAQ: PEBO 35 NATIONWIDE SPECIALTY FINANCE DIVISIONS LOCATIONS IN OHIO, WEST VIRGINIA, KENTUCKY, VIRGINIA, WASHINGTON D.C. AND MARYLAND Peoples Bancorp® is a federally registered service mark of Peoples Bancorp Inc. Peoples Bank (w/logo)® is a federally registered service mar
Slide 36: Contact Information
peoplesbancorp.com The three arched ribbons logo is a federally registered service mark of Peoples Bank. Working Together. Building Success.® is a federally registered service mark of Peoples Bank. TYLER WILCOX President and Chief Executive Officer 740.373.7737 Tyler.Wilcox@pebo.com KATIE BAILEY Exe