| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 22.04 | 1.4% | 3.6% |
| Total Income | 22.04 | 1.4% | 3.6% |
| Expenditure | -13.59 | 9.3% | 119.5% |
| PBT | — | ||
| Net Profit | 27.95 | 3.6% | 31.8% |
| OPM | 100.00% | 0.00pp | 0.00pp |
| NPM | 100.00% | 0.00pp | 0.26pp |
| EPS | 0.79 | 3.7% | 31.7% |
Peoples Bancorp Inc. Announces Q2 2026 Results
21 Jul 2026 · 21 Jul, 3:51 pm
Summary
Peoples Bancorp Inc. reported net income of $28.0 million, or $0.78 per diluted common share, for the second quarter of 2026. The company saw its net interest margin expand by seven basis points to 4.23%, primarily due to lower deposit costs. The provision for credit losses decreased significantly, and total non-interest income, excluding net gains and losses, saw a modest increase. Management highlighted the improvements in performance metrics and the ongoing strategic acquisition of Citizens.
Key Highlights
- 1
Net income for the second quarter of 2026 totaled $28.0 million, with earnings per diluted common share of $0.78.
- 2
Net interest margin expanded seven basis points to 4.23% for the second quarter of 2026, driven by a reduction in deposit costs.
- 3
The provision for credit losses decreased by $5.0 million compared to the linked quarter, with net charge-offs also decreasing.
- 4
Total non-interest income, excluding net gains and losses, increased by $0.3 million, or 1%, for the second quarter of 2026 compared to the linked quarter.
- 5
Tangible book value per common share increased to $23.56 for the second quarter of 2026, up from $22.95 for the linked quarter.
- 6
Peoples Bancorp Inc. announced the signing of a definitive agreement to acquire Citizens, a bank holding company, in a cash and stock transaction valued at approximately $76.6 million.
- 7
The efficiency ratio for the second quarter of 2026 was 58.3%, an improvement from 58.6% in the linked quarter.
Management Comments
Tyler Wilcox
We are pleased with the results for the second quarter of 2026, with improvements in many performance metrics including our net interest margin expanding seven basis points for the quarter. We are committed to maintaining our focus on delivering strong returns and driving shareholder value.
Informational and educational content only. Not investment advice.