Peoples Bancorp Inc.
- Open
- 41.01
- Day high
- 41.24
- Day low
- 40.83
- Prev close
- 40.94
- Volume
- 250K
- Mkt cap
- $1.5B
- P/E (TTM)
- 12.3
- EPS (TTM)
- $3.36
- P/B
- 1.2
- P/S
- 2.4
- Yield
- 4.05%
- Per share
- $1.66
- ▼Insiders net selling -$104K over the last 3 months (1 open-market buy, 2 sales)
- 🏛Institutions accumulating (13F)
Peoples Bancorp Inc. (PEBO) is a Financial Services company listed on NASDAQ. The stock is up 38% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 2 sales (SEC Form 4).
Peoples Bancorp Inc. (PEBO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PEBO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 21, 2026 | $0.85 | $0.96 | +13.5% | $122M | +1.6% |
| Apr 21, 2026 | $0.80 | $0.82 | +2.5% | $119M | +0.5% |
| Feb 26, 2026 | — | $0.90 | — | $157M | — |
| Oct 21, 2025 | $0.83 | $0.90 | +8.4% | $137M | +16.1% |
| Jul 22, 2025 | $0.78 | $0.60 | -23.1% | $112M | -3.9% |
| Jan 21, 2025 | $0.75 | $0.82 | +9.3% | $115M | +4.2% |
| Oct 22, 2024 | $0.82 | $0.89 | +8.5% | $111M | -0.2% |
| Jul 23, 2024 | $0.85 | $0.82 | -3.5% | $108M | -2.9% |
| Jan 23, 2024 | $0.96 | $0.96 | +0.0% | $113M | -0.7% |
| Jul 25, 2023 | $0.76 | $0.65 | -14.5% | $105M | +3.4% |
| Jan 24, 2023 | $0.92 | $0.95 | +3.3% | $89M | -0.4% |
| Jul 26, 2022 | $0.73 | $0.88 | +20.5% | $78M | -1.5% |
PEBO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | Edgell Matthewofficer: Chief of Staff | Sell | 3,000 | $41.27 |
| Jul 27, 2026 | Smith Dwight Ericdirector | Buy | 1,000 | $39.81 |
| Jul 27, 2026 | Donlon Hugh Jofficer: EVP, Community Banking | Sell | 500 | $39.87 |
| Jul 2, 2026 | Rector Susan D.director | Grant | 1,368 | — |
| Jul 2, 2026 | JAMES BROOKE WILLIAMSdirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | Hogan W Glenndirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | SKINNER FRANCES Adirector | Grant | 497 | — |
| Jul 2, 2026 | Smith Dwight Ericdirector | Grant | 365 | — |
| Jul 2, 2026 | Dierker David Fdirector | Grant | 246 | — |
| Jul 2, 2026 | Dierker David Fdirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | Reeves Kevin Rdirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | SCHNEEBERGER CAROL Adirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | BEAM S CRAIGdirector | Grant | 341 | $38.41 |
| Jul 2, 2026 | VITTORIO MICHAEL Ndirector | Grant | 341 | $38.41 |
| Apr 28, 2026 | Smith Dwight Ericdirector | Buy | 1,000 | $34.51 |
Source: PEBO SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full PEBO insider & 13F page →Peoples Bancorp Inc. company profile
Overview
Peoples Bancorp Inc. (NASDAQ:PEBO) is a regional banking holding company founded in 1902 and headquartered in Marietta, Ohio. The company operates as the parent organization for Peoples Bank, which provides traditional commercial and retail banking services across six states in the Appalachian and Mid-Atlantic regions. With over 120 years of history, Peoples Bancorp has grown through both organic expansion and strategic acquisitions, including the notable 2023 merger with Limestone Bancorp. The company currently operates 135 financial service offices and ATMs across Ohio, West Virginia, Kentucky, Virginia, Washington D.C., and Maryland, positioning itself as a significant regional player approaching the $10 billion asset threshold that would subject it to enhanced regulatory oversight.
Business
Peoples Bancorp operates in the regional banking industry, which sits between large national banks and small community banks, serving customers across multiple states within a specific geographic region. Regional banks like Peoples typically focus on relationship-based banking, offering personalized service while maintaining the scale to provide comprehensive financial products. The company's core business revolves around traditional banking services through Peoples Bank, which includes accepting deposits from individuals and businesses in various forms such as checking accounts, savings accounts, money market accounts, and certificates of deposit. These deposits provide the funding base for the bank's primary revenue-generating activity: lending money to borrowers at higher interest rates than what they pay depositors. Beyond traditional banking, Peoples Bancorp has diversified into several specialty finance and ancillary services: 1. Specialty Finance Operations (approximately 16% of loan portfolio): This includes equipment leasing through their small-ticket leasing division, premium finance lending for insurance policies, and commercial equipment financing. These higher-yield products typically carry more risk but generate superior returns compared to traditional loans. 2. Insurance Services: The company provides life, health, property and casualty insurance products, along with third-party insurance administration and premium financing services. This segment generates fee-based income that is less dependent on interest rate fluctuations. 3. Trust and Wealth Management: Peoples offers fiduciary services, asset management, and employee benefit plan administration, serving both individual and corporate clients seeking professional money management services. 4. Payment Processing Services: The bank provides merchant credit card processing and person-to-person payment services, capitalizing on the growing digital payments trend. The loan portfolio composition reflects a diversified approach: Commercial Real Estate (34% of total loans), Consumer Loans (29%), Commercial & Industrial loans (21%), with the remainder split between construction loans, leasing, and premium finance. This diversification helps mitigate concentration risk while serving the varied financial needs of their regional market.
Revenue model
Peoples Bancorp generates revenue through the traditional banking model of net interest income - the difference between what they earn on loans and investments versus what they pay on deposits and borrowed funds. This spread, measured as net interest margin, has averaged around 4.1-4.2% in recent periods. The bank's customers are primarily individuals, small-to-medium businesses, and commercial real estate developers within their six-state footprint. The company also generates significant fee-based income from non-interest sources, including loan origination fees, deposit service charges, insurance commissions, wealth management fees, and payment processing revenues. This diversified revenue stream has grown approximately 10% annually and provides stability during interest rate cycles. Several factors influence Peoples Bancorp's profitability margins. Interest rate environments significantly impact net interest margin - rising rates generally benefit the bank as loan yields increase faster than deposit costs, while falling rates compress margins. The bank's deposit mix and pricing discipline affects funding costs, with the company maintaining relatively low deposit betas (the percentage of rate changes passed through to depositors) of around 25-30%. Credit quality and loan loss provisions directly impact profitability, with the bank's historical net charge-off rates averaging 25-40 basis points annually. The company's expansion into higher-yield specialty finance products like equipment leasing comes with elevated credit risk, as evidenced by their small-ticket leasing portfolio experiencing 4-6% annual charge-off rates. Regulatory compliance costs represent a growing expense factor, particularly as the bank approaches $10 billion in assets, which triggers enhanced regulatory requirements including Durbin Amendment interchange fee restrictions and additional stress testing obligations. Competition from larger banks and fintech companies pressures both loan pricing and deposit rates, while economic conditions in their Appalachian market footprint - historically dependent on energy and manufacturing - influence loan demand and credit quality.
Competitive moat
Peoples Bancorp operates with a modest competitive moat based primarily on regional market presence and relationship banking, though this moat faces increasing pressure from larger competitors and technological disruption. The company's strongest defensive characteristics stem from its established customer relationships built over 120+ years of community presence, particularly in smaller markets within Ohio, West Virginia, and Kentucky where personal relationships and local decision-making provide advantages over large national banks. The bank's diversified revenue streams through insurance, wealth management, and specialty finance create some differentiation from pure-play community banks, offering cross-selling opportunities and reducing dependence on traditional banking margins. Their specialty finance expertise, particularly in equipment leasing and premium finance, represents a modest competitive advantage in serving niche market segments. However, Peoples Bancorp's moat is relatively narrow and vulnerable to several competitive threats. Large national banks possess superior technology platforms, broader product offerings, and deeper capital resources that enable them to compete aggressively on pricing while investing heavily in digital capabilities. The company's regional scale, while larger than community banks, lacks the efficiency and market power of major regional players like PNC or Fifth Third Bank. Technological disruption poses a significant long-term threat as fintech companies and digital-first banks offer superior user experiences and often better pricing on both lending and deposit products. The traditional relationship banking model faces pressure as younger customers increasingly prefer digital interactions over branch-based services. The bank's geographic concentration in economically challenged Appalachian markets creates vulnerability to regional economic downturns, while their approaching $10 billion asset threshold will trigger additional regulatory costs that could pressure profitability. Overall, while Peoples Bancorp maintains local market advantages, its competitive position is defensive rather than dominant, requiring continued investment in technology and operational efficiency to remain viable against better-capitalized competitors.
Risks & safety
Peoples Bancorp demonstrates adequate financial safety with moderate leverage and stable profitability, though approaching regulatory thresholds create some uncertainty. • Solvency and Liquidity: Strong balance sheet with $217 million cash, positive free cash flow of $136 million annually, and current ratio of 6.8x indicating solid short-term liquidity. Debt-to-equity ratio of 37% is reasonable for a bank, though higher than some peers. • Credit Quality: Net charge-off rates of 37 basis points (2024) remain manageable, though elevated in specialty leasing portfolio (4-6% range). Criticized loans improved to 25% of risk-based capital. Allowance for credit losses at 1% of total loans appears adequate. • Regulatory Capital: Capital ratios remain above regulatory minimums, though approaching $10 billion threshold will trigger enhanced requirements and Durbin Amendment impact on interchange income. • Valuation Metrics: Trading at P/E of 9.4x and price-to-book of 0.99x suggests reasonable valuation. EV/EBITDA of 8.4x appears fair for regional bank. Graham number of $49 versus current price of $32 indicates potential undervaluation. • Dividend Coverage: Dividend yield of 5.4% with 10 consecutive years of increases, though payout ratio requires monitoring as regulatory costs increase. • Other Considerations: Geographic concentration in economically challenged regions, pending regulatory cost increases, and competitive pressure from larger banks create medium-term headwinds.
Recent development
Over the past several years, Peoples Bancorp has pursued a strategic transformation from a traditional community bank into a diversified regional financial services company. The most significant development was the 2023 completion of the Limestone Bancorp merger, which added substantial scale and expanded their geographic footprint, contributing to their approach toward the critical $10 billion asset threshold. The company has made substantial investments in specialty finance capabilities, including the acquisition of Vantage Financial LLC's equipment leasing business, which doubled their leasing portfolio. They've also expanded premium finance lending and commercial equipment financing, creating higher-yield revenue streams that now comprise approximately 16% of their loan portfolio. However, this expansion has come with elevated credit costs, particularly in small-ticket leasing where charge-off rates reached 5-6% before management implemented strategic pullbacks from certain industry sectors and broker relationships. Technology infrastructure modernization has been a key focus, with implementations of new customer relationship management systems, insurance group software, and plans for a business loan origination system in 2025. These investments prepare the organization for crossing the $10 billion regulatory threshold and competing more effectively with larger regional banks. The company has also pursued fee-based income diversification through insurance agency acquisitions in Eastern Kentucky and expansion of wealth management services. This strategy has delivered consistent fee income growth in the 6-10% range annually, reducing dependence on interest rate-sensitive net interest income. Leadership transition occurred in March 2024 when Tyler Wilcox succeeded Chuck Sulerzyski as CEO, representing a planned succession that maintains strategic continuity. Under the new leadership, the company continues evaluating merger and acquisition opportunities, with management expressing preference for larger deals that would accelerate their path beyond $10 billion in assets rather than multiple smaller transactions.
PEBO company profile · for informational purposes only — not investment advice.
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