Peoples Bancorp Q2 net income falls to $21.1M, EPS $0.64; Limestone merger completed

PEOPLES BANCORP INC

2023-Q2 EPS reported $1.56 revenue$38,438,000

Net income $21.1M ($0.64 diluted EPS) vs Q1 $26.6M ($0.94) and Q2 2022 $24.9M ($0.88).
Provision for credit losses of $8.0M, driven by $9.4M provision on Limestone acquired loans.
Completed Limestone Merger on Apr 30, valued at $177.9M, incurred $10.8M acquisition-related expenses.
Net interest margin 4.54% (up 70bps YoY); net interest income up 38% YoY to $84.9M.
Board declared $0.39/share quarterly dividend, payable Aug 14.

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 second quarter of 2023 results: net income $21.1 million, EPS $0.64.

Period: second quarter of 2023
Net income: $21.1 million
EPS: $0.64
Result: reported results

Exact text from the filing

Peoples reported net income of $21.1 million for the second quarter of 2023, representing earnings per diluted common share of $0.64.

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Source: SEC EDGAR

accession 0000318300-23-000296

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