secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP INC (PEBO)
CIK:        0000318300
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000318300-23-000296
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318300/000031830023000296/0000318300-23-000296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318300/000031830023000296/pebo-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000318300-23-000296

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