Peoples Bancorp Inc. · NASDAQ:PEBO
Peoples Bancorp — Investor Presentation (July 2015)
15 slides from Peoples Bancorp's investor presentation, Jul 27, 2015
Slide 1: Investor Presentation 2nd Quarter 2015
Peoples () Investor Presentation 2-4 Quarter 2015 Safe Harbor Statement 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 amende
Slide 2: Corporate Profile / Investment Rationale
Corporate Profile * Financial holding company headquartered in Marietta, Ohio, — Provide a broad range of banking, insurance, and investment services * Current snapshot: — Assets: $3.2 billion — Loans: $2.0 billion — Deposits: $2.5 billion — Market capitalization: $439 million — Assets under Managem
Slide 3: 2015 Outlook
2015 Outlook ¢ Efficiency ratio goal of 65% for second half of 2015 — Acquisition costs from NB&T will be minimal in second half of the year — Core operating expense run-rate of $26.5 million in Q3 and Q4 Effective balance sheet management — Invest excess seasonal and NBX&T cash into securities port
Slide 4: Strategic Road Map
Strategic ad Map © * Excellent Financial Results and Shareholder Return * Great Place to Work Our Way of Life * Broad Delivery Channels * Delight the Customer * Knowledgeable, Caring Associates Consistently aureus omen Advice / Solutions + Consistent Experience at Every Touch Pomt + DWYSYWD “Best Co
Slide 5: Strategic Targets
Strategic Targets 5-Year Actual Actual Actual Strategic Metrics é 2014 Q22015* Target Range 3.23% 3.45% 346% 3.60% to 3.80% Totalrevenue growth 18.31% 42.50% 5% ta 8% Operating Total expense growth 24.52% 43.86% 3% to 6% Leverage Non-interest income to total revenue 40.19% 36.56% 32.48% 35% to 40% E
Slide 6: NationalBank and Trust Company
NationalBank AND TRUST COMPANY a <> v ‘a Office Yes ( Information sccmate as of Fame 2015 \ 12
Slide 7: Loan and Insurance Revenue Composition
Consumer 10.3% Residential Real Estate 28.096 Public Funds Data as ofJune 30, 2015 Peoples fay 13 . Za) Insurance & Investment Income Gonmipesiis ¢€ <= Agency Fi Other ~ 0.6% Brokerage 27.8% P&C Commeraal lines 60.8% Trailing 12 Mort Reverme from June 80, 2015 Peoples oO 14
Slide 8: Commercial Banking and Target Growth Areas
a * Commercial Banking — 12% organic commercial loan growth in 2014; 9% growth in Q2 2015 — Expanding pipeline expected to drive 8% to 10% growth in 2015 — Legal lending limit over $40 milion with NB&T * Retail Banking — 8.5% organic checking account growth; 27% non-nterest bearmg DDA to total depos
Slide 9: Refreshing Acquired Branches / Our M&A Strategy
Refreshing Acquired Branches) ‘ay Before * Retrofitting acquired offices — Floor-to-ceiling renovations — Completed renovations of our Midwest and Ohio Heritage branches; North Akron is m process — NB&T branch refresh will be phased in dumng 2015 — Used national branch design experts ¢ Key Benefits
Slide 10: Annual Financial Summary
Appendix /’Peop ples ©) —— BANCORP. @ Annual Financial Summ FY FY FY 2012 2013 2014 Metrics Diluted EPS $1.92 $1.63 $1.35 Return on common equity 9.52% 7.92% 6.16% Financial Return on assets 1.11% 0.91% 0.74% jqjeiieuttiese) Pre-provision net revenue to assets (1) 1.41% 1.26% 1.10% Net interest marg
Slide 11: Quarterly Financial Summary
Quarterly Financial Simian, @ 2Q 3Q 4Q 1Q 2Q 2014 2014 2014 + 2015* = 2015* Diluted EPS $0.32 $0.32 $0.28 $-0.04 = $0.27 . . Return on equity §.91% 5.84% 5.03% -0.78% 4.69% LEE EI Return on assets 0.67% 0.73% 0.66% -0.10% 0.61% Performance Pre-provision netrevenue to assets (1) 1.10% 0.96% 0.99% 0.0
Slide 12: Non-GAAP Measures
Non-GAAP Measures ADJUSTED CORE NETINCOME Adjusted core net income is non-GAAP since it excludes non-core charges incurred during the period and the tax expense is adjusted to be the estimated, effective tax rate for the year. (S in Thousands) Q2 2014 Qi 2015 Q2 2015 Income (loss) before mcome taxes
Slide 13: Non-GAAP Measures
Non-GAAP Measures PRE-PROVISION NET REVENUE Pre-provision net revenue (PPNR) represents a non-GAAP financial measure commonly used to evaluate the operating performance and trends of financial services companies, including Peoples. PPNR represents the earnings capacity that can be either retained in
Slide 14: Non-GAAP Measures
Non-GAAP Measures € ) Peoples uses tangible common equity ratios to evaluate the adequacy of Peoples’ stockholders’ equity. Such ratios represent non-GAAP financial information since the calculations exclude the impact of intangible assets acquired through acquisitions on both total stockholders’ eq
Slide 15: 2nd Quarter Earnings Release
2-4 Quarter Earnings Release BANCORP® / Peop ples