earnings
confidence high
sentiment negative
materiality 0.75
Peoples Bancorp Q1 net income falls 18% to $24.3M; provision for credit losses up 67%
PEOPLES BANCORP INC
2025-Q1 EPS reported
$0.68
revenue$22,022,000
- Net income $24.3M ($0.68 diluted EPS) down 18% from $29.6M in Q1 2024.
- Provision for credit losses increased to $10.2M from $6.1M year-over-year, up 67%.
- Efficiency ratio deteriorated to 60.68% from 58.06% a year ago, reflecting higher expenses.
- Tangible book value per share grew to $20.68 from $18.39, up 12.5% year-over-year.