Peoples Bancorp Q1 2024 EPS $0.84, net income $29.6M; dividend raised to $0.40

PEOPLES BANCORP INC

2024-Q1 EPS reported $0.84 revenue$21,922,000

Net income $29.6M ($0.84 diluted EPS) vs $33.8M ($0.96) in Q4 2023 and $26.6M ($0.94) in Q1 2023.
Net interest income $86.6M, down 2% linked quarter; NIM 4.27% vs 4.44% linked quarter.
Provision for credit losses $6.1M (EPS impact -$0.14) vs $1.3M linked quarter, driven by macro deterioration and loan growth.
Quarterly dividend raised to $0.40 per share from prior amount, marking ninth consecutive annual increase.
Period-end loans grew $43.6M (3% annualized) vs Dec 2023; deposits increased $174.3M.

item 2.02 item 5.02 item 8.01 item 9.01

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Appointed

Tyler J. Wilcox

Director

PEBO · PEOPLES BANCORP INC

Effective: 2024-04-22
Filed: April 23, 2024, 7:59 PM ET

On April 22, 2024, the Board of Directors of Peoples elected Mr. Wilcox as a director of Peoples to serve for an initial term ending at Peoples’ 2024 Annual Meeting of Shareholders on April 25, 2024.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEOPLES BANCORP INC reported first quarter of 2024 results: net income $29.6 million, EPS $0.84.

Period: first quarter of 2024
Net income: $29.6 million
EPS: $0.84
Result: reported results

Exact text from the filing

Net income totaled $29.6 million for the first quarter of 2024, representing earnings per diluted common share of $0.84.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Tyler J. Wilcox was elected as Director at PEOPLES BANCORP INC.

Action: elected
Role: Director

Exact text from the filing

On April 22, 2024, the Board of Directors of Peoples elected Mr. Wilcox as a director of Peoples to serve for an initial term ending at Peoples’ 2024 Annual Meeting of Shareholders on April 25, 2024.

View on SEC.gov

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Source: SEC EDGAR

accession 0000318300-24-000176

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