| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 22.36 | 1.5% |
| Total Income | 22.36 | 1.5% |
| Expenditure | -14.98 | 60.0% |
| PBT | — | |
| Net Profit | 29.01 | 19.2% |
| OPM | 100.00% | 0.00pp |
| NPM | 100.00% | 0.00pp |
| EPS | 0.82 | 18.8% |
Peoples Bancorp Inc. Announces Results for the First Quarter 2026
21 Apr 2026 · 21 Apr, 3:45 pm
Summary
Peoples Bancorp Inc. announced its financial results for the first quarter of 2026, reporting a net income of $29.0 million, which translates to $0.81 earnings per diluted common share. The net interest margin improved to 4.16%, driven by lower deposit costs, and core deposits increased by $191.8 million. Total non-interest income, excluding net gains and losses, saw a slight increase of $0.4 million compared to the previous quarter. The company's President and CEO, Tyler Wilcox, expressed satisfaction with the results, highlighting improvements in net interest margin and the tangible equity to tangible assets ratio.
Key Highlights
- 1
Peoples Bancorp Inc. reported net income of $29.0 million for the first quarter of 2026, with earnings per diluted common share of $0.81.
- 2
Net interest margin for the first quarter of 2026 increased to 4.16% compared to 4.12% for the linked quarter, driven by a reduction in deposit costs.
- 3
Core deposits increased $191.8 million due to a strategic reduction in brokered CDs.
- 4
Total non-interest income, excluding net gains and losses, increased by $0.4 million, or 1%, for the first quarter of 2026 compared to the linked quarter.
- 5
Net interest income for the first quarter of 2026 increased $5.2 million, or 6%, compared to the first quarter of 2025.
- 6
The Board of Directors declared a quarterly cash dividend of $0.42 per common share, an increase of $0.01, or 2%.
Management Comments
Tyler Wilcox
"We are pleased with the results for the first quarter of 2026, with improvements in net interest margin and our tangible equity to tangible assets ratio increasing to 8.91% versus 8.79% for the prior quarter. We continue to remain focused on our commitment to delivering strong returns and value for our shareholders."
Tyler J. Wilcox
“We are pleased to expand our footprint in Kentucky through the acquisition of an exceptional franchise in Citizens Bank of Kentucky. Their locations are within areas that mean a lot to us. Citizens’ low-cost deposits and high level of balance sheet liquidity allow us to not only strengthen the Peoples’ deposit base but to also maintain the flexibility to remain under $10 billion in assets. We look forward to growing in Eastern Kentucky, working alongside Citizens’ employees, customers, and communities. Soon we will be able to offer more locations, products, and services to both Citizens and Peoples customers, making a greater impact in our Eastern Kentucky communities.”
Leisha Maynard
“We are looking forward to joining an outstanding organization that will continue our strong culture and believe this partnership will deliver meaningful value to our shareholders as well as to our customers and the communities we serve. Peoples has built a strong reputation in community banking and their experience in successful acquisition integrations will help deliver their relationship and community-driven culture to all of the Citizens stakeholders.”
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