Peoples Bancorp Q3 net income $31.9M, up 23% YoY; net interest income rises 39%

PEOPLES BANCORP INC

2023-Q3 EPS reported $2.47 revenue$58,824,000

Net income $31.9M ($0.91 diluted EPS) vs $26.0M in Q3 2022; adjusted net income $37.5M.
Net interest income $93.3M, up 39% YoY, driven by loan growth and higher rates.
Non-interest expense $71.7M (+37% YoY) includes $4.4M acquisition-related costs.
Tangible book value per share $16.52, up from $15.28 a year ago.
Efficiency ratio adjusted for non-core items improved to 52.5% from 56.6% in Q3 2022.

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