earnings
confidence high
sentiment positive
materiality 0.75
Peoples Bancorp posts Q1 EPS $0.94, NIM 4.53%; declares $0.39 dividend
PEOPLES BANCORP INC
2023-Q1 EPS reported
$0.94
revenue$18,905,000
- Corrected Q1 2023 diluted EPS of $0.94 (prior version had inaccuracies); net income $26.6M.
- Net interest margin improved to 4.53% from 4.44% in Q4 2022, up 9 bps linked quarter.
- Provision for credit losses $1.9M vs $2.3M linked qtr; net charge-offs $1.5M (0.13% annualized).
- Loans grew 4% annualized linked qtr; nonperforming assets down 5% to 0.90% of loans.
- Board declared $0.39 quarterly dividend; Limestone Merger expected to close April 30, 2023.