Peoples Bancorp Q1 2024 net income $29.6M, revenue $112.4M, efficiency ratio 58.04%

PEOPLES BANCORP INC

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

Net income of $29.6M ($0.84 diluted EPS) vs $33.8M in Q4 2023 and $26.6M in Q1 2023.
Net interest income $86.6M; non-interest income $25.8M; total revenue $112.4M.
Efficiency ratio 58.04% (adjusted 58.11%); return on average tangible equity 19.91%.
Tangible book value per share $18.39, up from $18.16 in Q4 2023 and $17.37 in Q1 2023.
Pre-provision net revenue $44.3M, down from $47.0M in Q4 2023 but up from $37.6M YoY.

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