secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP INC (PEBO)
CIK:        0000318300
Form:       8-K
Filed at:   2026-09-30T11:04:54+00:00
Accession:  0000318300-26-000205
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/318300/000031830026000205/0000318300-26-000205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/318300/000031830026000205/pebo-20260930.htm
  HTML page:      https://secwatch.observer/filing/0000318300-26-000205

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