INVESTOR PRESENTATION I 4th QUARTER
WORKING TOGETHER. BUILDING SUCCESS.®
PEOPLES BANK
GEOGRAPHIC PROFILE
NASDAQ: PEBO
OH
PEOPLES BANK OFFICE PEOPLES HEADQUARTERS
MD
WV DC
KY VA
PEBO SNAPSHOT AS OF DECEMBER 31, 2025
ASSETS
$9.6 BILLION
ASSETS UNDER ADMIN & MGMT
$4.1 BILLION
DEPOSITS
$7.6 BILLION
LOANS
$6.8 BILLION
MARKET CAP
$1.1 BILLION
FULL-SERVICE BRANCH LOCATIONS
126
CULTURE
NASDAQ: PEBO
CORPORATE
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 creating value for our associates, our communities, our clients, and our shareholders. Being true to these core values in the decisions we make and in our business practices is essential to driving sustainable long-term growth.
OUR CORE VALUES
Our vision is to be the
BEST COMMUNITY BANK IN AMERICA
for our employees, clients, shareholders, and local communities.
OUR VISION
CLIENTS FIRST INTEGRITY ALWAYS RESPECT FOR ALL
COMMITMENT TO COMMUNITY
LEAD THE WAY
EXCELLENCE IN EVERYTHING
ROAD MAP
NASDAQ: PEBO
STRATEGIC
Commitment to Superior Shareholder Returns
Clients' First Choice for Financial Services
Great Place to Work
Meaningful Impact on Our Communities
BEST COMMUNITY BANK IN AMERICA
RESPONSIBLE
RISK MANAGEMENT
EXTRAORDINARY
CLIENT EXPERIENCE
PROFITABLE
REVENUE GROWTH
FIRST CLASS
WORKPLACE
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 Root Cause
Manage Change Effectively
Keep Information Secure
Treat The Client Like Family
Delight The Client
Ensure A Consistent Client Experience Across All Channels
Learn Client's Goals and Fears
Deliver Expert Advice and Solutions
Evolve the Digital Experience
DWYSYWD
(Do What You Say You Will Do)
Acquire, Grow and Retain Clients
Earn Client Referrals
Go Wide
Price for the Value We Provide
Operate Efficiently
Have Appetite For Winning
Execute Thoughtful Mergers and Acquisitions
Hire for Values
Competition Is Across the Street
Promote a Culture of Learning
Coach In Every Direction
Put Right People In Right Job
Be Accountable, No Excuses
Recognize and Reward Performance
Balance Work And Life
Cultivate Diversity
Spread Goodness / No Jerks
RATIONALE
NASDAQ: PEBO
Strong capital, earnings growth and operating performance to support M&A strategy
Proven acquisition and integration capabilities and scalable infrastructure
CAPACITY TO GROW OUR FRANCHISE
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 SOURCES OF FEE INCOME
Strongest deposit market share positions in rural markets where we can affect pricing. Top 3 market share in 36 counties across three states.
Presence near larger cities puts us in a position to capture lending opportunities in urban markets (e.g. Cincinnati, Cleveland, Columbus, Lexington, Louisville, Richmond, Washington D.C.)
Greater revenue diversity than average $1 -$10 billion bank, with a fee income ratio of 24% in 2025.
Strong reputation with very active community involvement and award-winning brand name
Nationwide insurance premium financing
and equipment leasing businesses (North Star Leasing and Vantage Financial, LLC)
UNIQUE COMMUNITY BANKING MODEL
INVESTMENT
RATIONALE
NASDAQ: PEBO
INVESTMENT
Targeting 40% to 50% payout ratio under normal operating environment
Dividend paid increased every year since 2015
Based on the closing stock price of Peoples' common shares of $31.21 on January 16, 2026, the quarterly dividend produces
an annualized yield of 5.25%
ATTRACTIVE
DIVIDEND OPPORTUNITY
Generate positive operating leverage
Integrated enterprise risk management process
Focused on business line performance and contribution, operating efficiency and credit quality
Disciplined credit practice as indicated by portfolio construction
Relatively neutral interest rate risk position (slightly asset sensitive)
COMMITTED TO DISCIPLINED EXECUTION
$1.12
$1.32
$1.43
$1.50
$1.55
2024 $1.59
$1.63
®
10 STRAIGHT YEARS OF INCREASING DIVIDENDS
2015
2016 2017
$0.60
$0.64
$0.84
2018
2019
2020 $1.37
2021
2022
2023
2025
CASH DIVIDENDS
(Paid on Common Shares)
WORKING TOGETHER. BUILDING SUCCESS. 7
RATIONALE
NASDAQ: PEBO
INVESTMENT
STRENGTH IN THE CURRENT ENVIRONMENT (AS OF DECEMBER 31, 2025)
78% of our deposits are retail deposits (consumer and small businesses)
Average retail customer deposit relationship: $26,000
Median retail customer deposit relationship: $2,600
26% of our deposit balances exceeded FDIC1insurance limits (18% if you exclude collateralized governmental deposits)
DEPOSITS
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
Commercial Real Estate (CRE) is 193% of risk based capital
CREDIT
Loan-to-deposit ratio of 89%
$858.8 million in liquefiable assets
$4.0 billion of contingent liquidity sources (nearly
$827.9 million of the available funding is from lines available from the FHLB2, FRB3and federal funds)
LIQUIDITY
Continue to exceed the capital required by FRB to be deemed well capitalized
Tier 1 capital ratio was 12.73%
Tangible book value per share was $22.77
Over $43.5 million in share buybacks since 2020, including $0.8 million in 2025
CAPITAL
1Federal Deposit Insurance Corporation 2Federal Home Loan Bank 3Federal Reserve Bank
COMMUNITY INVOLVEMENT
NASDAQ: PEBO
EXTERNAL RECOGNITION &
$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
FIVE YEARS IN A ROW
FOUR YEARS IN A ROW
TWO YEARS IN A ROW
TWO YEARS IN A ROW
4,000+
HOURS IN COMMUNITY REINVESTMENT VOLUNTEER ACTIVITIES DURING 2025
®
WORKING TOGETHER. BUILDING SUCCESS. 9
CROSS $10 BILLION
NASDAQ: PEBO
PREPARING TO
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 dealer floor plan system (Data Scan)
Implemented more robust fraud detection & monitoring
Implemented system access provisioning tools
Implemented Small Business Administration (SBA) specific loan origination system
Interactive Teller Machine deployment
External Readiness Assessment for crossing $10 billion completed by third party expert
2024
Implemented best-in-class customer relationship management solution (Salesforce)
Implemented best-in-class insurance agency management software (Applied Epic)
142025
Cloud native business and commercial loan origination system (nCino)
Implemented Governance, Risk & Compliance system (AuditBoard)
10BANKS
2026
Cloud native data warehouse (Snowflake)
1
PREMIUM
FINANCE
2EQUIPMENT
LEASING
ACQUISITIONS COMPLETED SINCE 2011
INSURANCE
4INVESTMENT
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