Peoples Bancorp Reports First Quarter 2025 Earnings

Peoples Bancorp ( (PEBO) ) has released its Q1 earnings. Here is a breakdown of the information Peoples Bancorp presented to its investors.

Peoples Bancorp Inc., a diversified financial services holding company, provides a full range of banking, trust, investment, insurance, and premium financing solutions through its subsidiaries, with a strong presence in the Midwest and Mid-Atlantic regions of the United States. In its first quarter of 2025, Peoples Bancorp reported a net income of $24.3 million, translating to earnings of $0.68 per diluted share, reflecting a decrease from previous quarters. The company experienced a slight decline in net interest income and margin, primarily due to reduced accretion income, while provisions for credit losses increased significantly. Key highlights from the quarter include a 4% annualized increase in total loan and lease balances, driven by growth in commercial and residential real estate loans, and a 2% rise in total deposit balances, attributed to seasonality and strategic shifts in funding sources. Despite the challenges, Peoples Bancorp’s asset quality metrics showed improvement, with decreases in criticized and classified loans, indicating a positive trend in loan performance. Looking ahead, Peoples Bancorp remains committed to delivering consistent results and enhancing shareholder value, as it navigates the evolving economic landscape and continues to focus on strategic growth initiatives.