Peoples Bancorp Q3 net income $31.7M; tangible book value rises to $20.29

PEOPLES BANCORP INC

2024-Q3 EPS reported $2.55 revenue$62,925,000

Net income of $31.7M for Q3 2024, essentially flat vs $31.9M in Q3 2023.
Net interest income $88.9M, down 4.6% YoY from $93.3M; non-interest income $24.8M, up 6.8%.
Efficiency ratio improved to 55.1% from 58.4% in Q3 2023, driven by lower non-interest expense.
Tangible book value per share $20.29, up 22.8% from $16.52 a year ago.
Return on average tangible equity 19.4% vs 23.0% prior year; provisions for credit losses $6.7M.

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