earnings
confidence high
sentiment neutral
materiality 0.60
Peoples Bancorp Q2 EPS $0.82, net interest margin 4.18%, loan growth 8% annualized, declares $0.40 dividend
PEOPLES BANCORP INC
2024-Q2 EPS reported
$1.66
revenue$42,487,000
- Net income $29.0M ($0.82 diluted EPS) vs $29.6M ($0.84) in Q1 and $21.1M ($0.64) a year ago.
- Net interest margin fell to 4.18% from 4.26% linked quarter due to lower accretion income.
- Loan balances grew $122.5M (8% annualized) led by premium finance and C&I loans.
- Provision for credit losses $5.7M ($0.13 EPS impact) vs $6.1M in Q1.
- Board declared quarterly dividend of $0.40 per share, payable to shareholders of record as of Aug 9, 2024.