Quarterly ResultJul 30, 2026, 04:53 PM
Peoples Bancorp Q2 Net Income Up 31.8% to $28.0M; EPS $0.78
AI Summary
Peoples Bancorp reported a strong second quarter with net income increasing by 31.8% to $28.0 million and diluted EPS rising to $0.78. Net interest income grew by 5.9%, and the provision for credit losses significantly decreased by 71.7% year-over-year. Total assets slightly decreased to $9.54 billion, while net loans and leases increased to $6.74 billion.
Key Highlights
- Net income for Q2 2026 increased 31.8% to $28.0 million from $21.2 million in Q2 2025.
- Diluted earnings per share rose 32.2% to $0.78 in Q2 2026 from $0.59 in Q2 2025.
- Net interest income for Q2 2026 grew 5.9% to $92.7 million compared to $87.6 million in Q2 2025.
- Provision for credit losses decreased 71.7% to $4.7 million in Q2 2026 from $16.6 million in Q2 2025.
- Total assets were $9.54 billion at June 30, 2026, a slight decrease from $9.65 billion at December 31, 2025.
- Net loans and leases increased to $6.74 billion at June 30, 2026, from $6.68 billion at December 31, 2025.
- Cash dividends declared per common share increased to $0.42 for Q2 2026 from $0.41 for Q2 2025.
Price Impact
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