Peoples Bancorp : 4th Quarter 2025 Investor Presentation

About this update from Peoples Bancorp Inc.

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 C LIENTS FIRST I NTEGRITY ALWAYS R ESPECT FOR ALL C OMMITMENT TO COMMUNITY L EAD THE WAY E XCELLENCE 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 FDIC 1 insurance 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 FHLB 2 , FRB 3 and 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 1 Federal Deposit Insurance Corporation 2 Federal Home Loan Bank 3 Federal 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) 14 2025 Cloud native business and commercial loan origination system (nCino) Implemented Governance, Risk & Compliance system (AuditBoard) 10 BANKS 2026 Cloud native data warehouse (Snowflake) 1 PREMIUM FINANCE 2 EQUIPMENT LEASING ACQUISITIONS COMPLETED SINCE 2011 INSURANCE 4 INVESTMENT Attention : This is an excerpt of the original content. 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