Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Q3 2025 Earnings Presentation
19 slides from Peoples Bancorp's earnings presentation, Nov 3, 2025
Slide 1: Investor Presentation 3rd Quarter
INVESTOR PRESENTATION I 3rd 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 and PEBO snapshot
WV VAKY OH MD DC WORKING TOGETHER BUILDING SUCCESS2 TABLE OF CONTENTS 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,
Slide 3: Corporate Culture and Strategic Road Map
NASDAQ: PEBO STRATEGIC ROAD MAP 5WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 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 PE
Slide 4: Investment Rationale
NASDAQ: PEBO 7WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO NASDAQ: PEBO 6 INVESTMENT RATIONALE INVESTMENT RATIONALE • Integrated enterprise risk management process • Focused on business line performance and contribution, operating efficiency and credit quality • Disciplined credit practice as
Slide 5: Investment Rationale: Credit, Capital, Deposits
NASDAQ: PEBO 9WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 8 NASDAQ: PEBO INVESTMENT RATIONALE CREDIT • Non-preforming assets (NPAs) of 0.47% as a percentage of total assets • 99.0% of loan portfolio “current” • Total outstanding balance of commercial office space was $184 million or 2.7% of t
Slide 6: Preparing to Cross $10 Billion
NASDAQ: PEBO 11WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO PREPARING TO CROSS $10 BILLION 10 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 Re
Slide 7: Peer Group Net Interest Margin
NASDAQ: PEBO 13WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 12 NASDAQ: PEBO 4.16% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% P R K P E B O T H FF FF B C S R C E C H C O G A B C S T B A FC F A U B C T B I C C N E W S B C N B T B N W B I S Y B T FI S I L K FN T O W N C B U FR M E H B N C T M P FM N B E
Slide 8: Peer Group Total Deposit Cost
NASDAQ: PEBO 15WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 14 NASDAQ: PEBO 86.48% 0% 20% 40% 60% 80% 100% 120% S T B A P R K S R C E FC F N W B I T M P S Y B T FR M E C T B I W S B C A U B FI S I H B N C C C N E P E B O N B T B E G B N L K FN T H FF G A B C C H C O FF B C T O W N C B U FM N B
Slide 9: Peer Group Loan Yield
NASDAQ: PEBO 17WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 16 NASDAQ: PEBO LOAN YIELD *Also referred to throughout this document as “total loans” and “loans held for investment." CREDIT RISK MANAGEMENT PROCESS PEBO IS ABOVE THE AVERAGE OF THE PEER GROUP IN TERMS OF LOAN YIELD PEER GROUP - LOA
Slide 10: Nonperforming Assets and Credit Metrics
NASDAQ: PEBO 19WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 18 NASDAQ: PEBO 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% $0 $20 $40 $60 $80 $100 FY-21 FY-22 FY-23 FY-24 YTD-25 NONPERFORMING ASSETS (NPAs) AND NPA PERCENT OF TOTAL ASSETS CRE Residential C&I HELOC Consumer NPA as a percent of Total Assets
Slide 11: Loan Portfolio Composition
NASDAQ: PEBO 21WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 20 NASDAQ: PEBO 28% 13% 4% 4%4%4% 3% 3% 3% 2% 32% TOTAL C&I PORTFOLIO= $1.5 BILLION FOOD SERVICES RETAIL TRADE AMBULATORY HEALTH CARE SERVICES REAL ESTATE MERCHANT WHOLESALERS SPECIALTY TRADE CONTRACTORS WOOD PRODUCT MANUFACTURING PRO
Slide 12: Q3 2025 Highlights & Key Impacts
NASDAQ: PEBO 23WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 22 NASDAQ: PEBO Q3 2025 HIGHLIGHTS & KEY IMPACTS LOAN TO DEPOSIT RATIO 88% NET INCOME $29 MILLION OR $0.83 PER DILUTED COMMON SHARE NET CHARGE-OFFS 0.41% OF AVERAGE TOTAL LOANS EFFICIENCY RATIO 57.1% RETURN ON AVERAGE ASSETS 1.22% NET
Slide 13: Total Revenue and Non-Interest Revenue Composition
42% 43% 15% TOTAL INVESTMENT REVENUE YTD 2025 $15.8 MILLION FIDUCIARY BROKERAGE EMPLOYEE BENEFITS 23% 19% 19% 15% 14% 10% NON-INTEREST INCOME YTD 2025 $78 MILLION ELECTRONIC BANKING TRUST & INVESTMENTS INSURANCE DEPOSIT ACCOUNT SERVICE CHARGES LEASE INCOME OTHER 42% 43% 15% TOTAL INVESTMENT REVENUE
Slide 14: Total Loan Growth and Deposit Growth
$- $3,500 $7,000 FY-21 FY-22 FY-23 FY-24 YTD-25 ($ M IL L IO N S ) TOTAL LOANS* AS OF SEPTEMBER 30, 2025 LIMESTONE ACQUIRED LOANS PREMIER FINANCIAL BANCORP, INC, ACQUIRED LOANS TOTAL ACQUIRED LEASES PPP LOANS TOTAL LOANS NOT ACQUIRED 34% OF DEPOSIT BALANCES AS OF SEPTEMBER 30, 2025 WERE DEMAND DEPOS
Slide 15: Financial Expectations
NASDAQ: PEBO 29WORKING TOGETHER. BUILDING SUCCESS. ® NASDAQ: PEBO 28 FINANCIAL EXPECTATIONS NASDAQ: PEBO Q3 2025 APPENDIX 2025 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 EXPECT AN
Slide 16: Appendix Non-US GAAP Measures: Efficiency Ratio
APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 31 NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 30 EFFICIENCY RATIO AND ADJUSTED FOR NON-CORE ITEMS ($ in Thousands) FY-21 FY-22 FY-23 FY-24 YTD-25 Total non-interest expense $ 183,737 $ 207,147 $ 266,847 $ 273,816 $ 211,043 Less: amortization on other intang
Slide 17: Appendix Non-US GAAP Measures: Return on Equity
APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 33 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 RETURN ON AVERAGE STOCKHOLDERS’ EQUITY ADJUSTED FOR NON-CORE IT
Slide 18: Return on Average Assets and More Than Just a Bank
NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 34 RETURN ON AVERAGE ASSETS AND ADJUSTED FOR NON-CORE ITEMS MORE THAN JUST A BANK NASDAQ: PEBO 35 LOCATIONS IN OHIO, WEST VIRGINIA, KENTUCKY, VIRGINIA, WASHINGTON D.C. AND MARYLAND NATIONWIDE SPECIALTY FINANCE DIVISIONS (a) Tax effect is calculated using a
Slide 19: Contact
peoplesbancorp.com Peoples Bancorp® is a federally registered service mark of Peoples Bancorp Inc. The three arched ribbons logo is a federally registered service mark of Peoples Bank. Peoples Bank (w/logo)® is a federally registered service mark of Peoples Bank. Working Together. Building Success.®