PEOPLES BANCORP INC

Peoples Bancorp Inc. announced a proposed merger with Capital Bancorp, Inc. in a facilitated conference call. The transaction, valued at approximately $728 million, will be an all-stock deal with a fixed exchange ratio. The combined entity is expected to have around $14 billion in assets and a more diversified earnings mix, with approximately 23% of revenue from fee income. The merger is projected to be 19% accretive to EPS in 2027, with an initial tangible book value dilution of 10.8% and an earn-back period of less than three years. The transaction is anticipated to close in the first half of 2027, pending shareholder and regulatory approvals.

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.

Peoples Bancorp Inc. announced that its management team, including the President and CEO, and the Executive Vice President, CFO, and Treasurer, plans to meet with investors and analysts from July 27, 2026, to September 30, 2026. These meetings will utilize an investor presentation containing financial data and other information about the company's business and financial performance. The investor presentation has been furnished as Exhibit 99 to the company's Current Report on Form 8-K.

Peoples Bancorp Inc. reported strong second-quarter 2026 results, with adjusted diluted EPS of $0.96, surpassing analyst estimates of $0.85. The company saw a 3% increase in net interest income, a 7 basis point expansion in net interest margin, and an improved efficiency ratio of 58.3%. Loan growth was 3% annualized, and tangible book value per share increased by 11% annualized. The company is on track for its Citizens merger, expected to close in early Q4 2026, and provided positive full-year guidance.

Peoples Bancorp Inc. reported net income of $28.0 million, or $0.78 diluted EPS, for the second quarter of 2026. The company's Board of Directors also declared a quarterly cash dividend of $0.42 per common share. Key financial highlights include an expanded net interest margin of 4.23%, a significant decrease in the provision for credit losses to $4.7 million, and a 3% annualized increase in total loan and lease balances. The company also recognized $0.4 million in acquisition-related expenses for the pending $76.6 million Citizens acquisition.

Peoples Bancorp Inc. announced its management team will conduct investor meetings between May 4 and June 30, 2026, utilizing a Q1 2026 investor presentation. The presentation highlights strong Q1 2026 financial performance, including $29 million in net income and a 4.16% net interest margin. Additionally, the company announced the acquisition of Citizens National Corporation, which is expected to close in the second half of 2026, adding $686 million in total assets and projecting 5.6% EPS accretion in 2027.

Peoples Bancorp Inc. reported strong first-quarter 2026 results with net income increasing to $29.0 million, or $0.81 diluted EPS, compared to $24.3 million, or $0.68 diluted EPS, in Q1 2025. The company saw a rise in net interest income to $90.4 million and an increase in total deposits to $7.65 billion. Net loans and leases also grew to $6.69 billion, reflecting positive operational trends.

Peoples Bancorp Inc. announced an agreement to merge with Citizens National Corporation, which has approximately $700 million in assets and 12 branches in Kentucky, expected to close in the second half of 2026. For Q1 2026, PEBO reported diluted EPS of $0.81, exceeding analyst estimates, with a 4 basis point expansion in net interest margin and $13 million in loan growth. The company also saw improvements in asset quality, including reduced non-performing and criticized loan balances.

Peoples Bancorp Inc. and Citizens National Corporation have entered into an Agreement and Plan of Merger, dated April 20, 2026. The agreement outlines the terms for the parent merger, including the conversion of shares and the subsequent bank merger. It also details various representations, warranties, covenants, and conditions precedent for both companies, along with provisions for regulatory approvals and shareholder consent.

Peoples Bancorp Inc. announced a significant strategic move, entering into an Agreement and Plan of Merger with Citizens National Corporation. This agreement will see Citizens and its subsidiary, Citizens Bank of Kentucky, merge into Peoples. Additionally, Peoples Bancorp declared a quarterly dividend of $0.42 per common share. The company also released its financial results for the first quarter of 2026 and will host a conference call to discuss these results.