---
schema_version: "secwatch.filing_event.v1"
accession: "0000318300-26-000205"
form_type: "8-K"
ticker: "PEBO"
cik: "0000318300"
company_name: "PEOPLES BANCORP INC"
filed_at: "2026-09-30T11:04:54+00:00"
generated_at: "2026-10-12T13:57:01.486353+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Peoples (PEBO) to buy Capital (CBNK) in $728.1M all-stock deal, creating ~$14B-asset bank

## Summary
- Peoples Bancorp (PEBO) agreed to acquire Capital Bancorp (CBNK) in an all-stock deal valued at about $728.1M, or $43.75 per Capital share.
- Exchange ratio is 1.11 Peoples shares per Capital share; based on PEBO 20-day VWAP of $39.41 as of Sept 29, 2026.
- Combined company expected to have ~$14B assets, $10B loans, $11B deposits, 150+ branches in eight states and Washington, D.C.; Capital had $3.9B assets and $3.4B deposits as of June 30, 2026.
- Deal expected to be immediately accretive to 2027 EPS before one-time costs, with tangible book value earnback under three years and pro forma return on average tangible common equity of ~20%.
- Capital would owe Peoples a $30.66M termination fee under specified circumstances; three Capital directors are expected to join Peoples' board after closing.

## SEC filing metadata
- accession: 0000318300-26-000205
- form_type: 8-K
- ticker: PEBO
- cik: 0000318300
- company_name: PEOPLES BANCORP INC
- filed_at: 2026-09-30T11:04:54+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318300/000031830026000205/0000318300-26-000205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318300/000031830026000205/pebo-20260930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318300-26-000205
- JSON: https://secwatch.observer/filing/0000318300-26-000205.json
- Plain text: https://secwatch.observer/filing/0000318300-26-000205.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.