Peoples Bancorp Q1 EPS $0.96; NIM up 9bps to 4.53%; Limestone close April 30

PEOPLES BANCORP INC

2023-Q1 EPS reported $0.94 revenue$18,905,000

Net income $26.6M, diluted EPS $0.96 vs $0.95 Q4'22 and $0.84 Q1'22.
Net interest margin 4.53%, up 9 bps linked quarter; net interest income up 3% vs Q4.
Provision for credit losses $1.9M (vs $2.3M Q4'22); net charge-offs 0.13% annualized.
Limestone acquisition expected to close April 30, 2023; all regulatory/ shareholder approvals received.
Board declared quarterly dividend of $0.39 per share, unchanged from prior quarter.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEOPLES BANCORP INC reported first quarter of 2023 results: net income $26.6 million, EPS $0.96.

Period: first quarter of 2023
Net income: $26.6 million
EPS: $0.96
Result: reported results

Exact text from the filing

Peoples reported net income of $26.6 million for the first quarter of 2023, representing earnings per diluted common share of $0.96.

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Source: SEC EDGAR

accession 0000318300-23-000196

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