secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP INC (PEBO)
CIK:        0000318300
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000318300-23-000298
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp Q2 2023 net income $21.1M, down 15% YoY; acquisition costs weigh
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- Net income of $21.1M (diluted EPS $0.65 est.) vs $24.9M in Q2 2022; annualized ROA 1.01% vs 1.40%.
- Net interest income $84.9M, up from $61.5M a year ago, driven by balance sheet growth and rate environment.
- Acquisition-related expenses of $10.7M in Q2; core non-interest expense $60.5M, adjusted efficiency ratio 53.3%.
- Tangible book value per share $16.56, down from $17.37 at March 31 due to acquisition dilution.
- Total assets $8.79B, up 21% YoY; common shares outstanding increased to 35.4M from 28.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318300/000031830023000298/0000318300-23-000298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318300/000031830023000298/pebo-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000318300-23-000298

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer