Peoples Bancorp reports FY2022 net income $101.3M, EPS $3.62, up 67% from prior year

PEOPLES BANCORP INC

2022-FY EPS reported $3.60 revenue$69,956,000

FY2022 net income $101.3M ($3.62 diluted EPS) vs $47.6M ($2.17) in 2021, a 113% increase.
Q4 2022 net income $26.8M ($0.96 diluted EPS) vs $27.7M ($0.99) a year ago, down slightly.
Revenue (net interest + non-interest) for FY2022 was $332.3M, up 38% from $241.4M in 2021.
Efficiency ratio improved to 59.59% for FY2022 from 73.60% in 2021, reflecting cost control and revenue growth.
Tangible book value per share fell to $16.23 from $19.58 a year ago due to increased intangibles from acquisitions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEOPLES BANCORP INC reported financial results for the quarterly and fiscal year ended December 31, 2022.

Period: the quarterly and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 24, 2023, management of Peoples Bancorp Inc. (“Peoples”) conducted a facilitated conference call at approximately 11:00 a.m., Eastern Standard Time, to discuss results of operations for the quarter and twelve months ended December 31, 2022.

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Source: SEC EDGAR

accession 0000318300-23-000053

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