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Peoples Bancorp (PEBO)
:PEBO
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Peoples Bancorp
(NASDAQ:PEBO)
75Outperform
Peoples Bancorp (PEBO) vs. S&P 500 (SPY)
Market Cap
$1.06B
Dividend Yield5.4%
Average Volume (3M)141.46K
Price to Earnings (P/E)9.0
Beta (1Y)0.87
Revenue Growth17.88%
EPS Growth-3.25%
CountryUS
Employees1,479
SectorFinancial
Sector Strength80
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.32
Shares Outstanding35,670,204
10 Day Avg. Volume140,085
30 Day Avg. Volume141,463
Financial Highlights & Ratios
PEG Ratio3.30
Price to Book (P/B)N/A
Price to Sales (P/S)2.37
Price to Cash Flow (P/CF)6.60
P/FCF Ratio4.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$38.00Price Target Upside27.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Peoples Bancorp Business Overview & Revenue Model
Company DescriptionPeoples Bancorp Inc. (PEBO) is a diversified financial services holding company headquartered in Marietta, Ohio. It operates primarily through its subsidiary, Peoples Bank, offering a full range of banking, investment, insurance, and trust solutions to individuals, businesses, and municipalities. The company focuses on providing community-oriented financial services across Ohio, West Virginia, and Kentucky, emphasizing personalized customer service and local decision-making.
How the Company Makes MoneyPeoples Bancorp generates revenue through several key streams. The primary revenue source is interest income from loans and leases, which includes commercial, consumer, and real estate loans. The bank also earns income from securities investments. Non-interest income is another significant revenue stream, which includes fees from services such as deposit account maintenance, transaction fees, trust and investment management services, and insurance commissions. Additionally, Peoples Bancorp benefits from strategic partnerships and collaborations with other financial and insurance firms to offer a broader range of products and services, enhancing its ability to cross-sell to its customer base.
Peoples Bancorp Financial Statement Overview
Summary
Peoples Bancorp demonstrates a robust financial position with strong revenue growth and an improved equity base. The balance sheet reflects reduced leverage and enhanced equity, contributing to financial stability. Although cash flow generation has faced challenges, the company maintains positive free cash flow, underscoring its ability to support operations and growth. Continued focus on improving operating cash flow will be crucial for sustaining long-term financial health.Income Statement
Peoples Bancorp has shown a positive revenue growth rate over the years, with a significant increase in total revenue from $195 million in 2020 to $520 million in 2024. The Gross Profit Margin remains healthy at 100%, indicating efficient management of costs relative to revenue. Net Profit Margin has improved slightly, reflecting better cost control and operational efficiency. However, the absence of EBITDA data in the latest year limits the assessment of operating profitability.75
Positive
Balance Sheet
The company's Debt-to-Equity ratio has improved, showing a reduction in leverage from previous years. Stockholders' equity increased significantly from $575 million in 2020 to $1.1 billion in 2024, indicating strong financial health and stability. The Equity Ratio has strengthened, supporting the company's capital structure and reducing financial risk.80
Positive
Cash Flow
Operating Cash Flow has decreased from previous years, indicating potential challenges in cash generation from core operations. Free Cash Flow remains positive, but the growth rate has seen fluctuations. The Free Cash Flow to Net Income ratio is favorable, suggesting efficient cash conversion. However, the decline in operating cash flow warrants attention.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 520.78M | 411.21M | 320.93M | 231.90M | 195.11M | Gross Profit |
| 520.78M | 422.33M | 320.93M | 231.90M | 195.11M | EBIT |
| 504.75M | 213.25M | 154.31M | 58.66M | 42.65M | EBITDA |
| 0.00 | 164.07M | 145.96M | 81.61M | 68.28M | Net Income Common Stockholders |
| 117.20M | 113.36M | 101.29M | 47.55M | 34.77M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.19B | 1.48B | 1.29B | 1.69B | 905.11M | Total Assets |
| 9.25B | 9.16B | 7.21B | 7.07B | 4.76B | Total Debt |
| 193.47M | 585.24M | 601.23M | 265.96M | 183.83M | Net Debt |
| 84.75M | 158.52M | 447.21M | -151.91M | 31.73M | Total Liabilities |
| 8.14B | 8.10B | 6.42B | 6.22B | 4.19B | Stockholders Equity |
| 1.11B | 1.05B | 785.33M | 845.20M | 575.67M |
| Cash Flow | Free Cash Flow | |||
| 136.37M | 130.19M | 113.09M | 149.74M | 81.18M | Operating Cash Flow |
| 143.19M | 143.64M | 119.84M | 156.42M | 85.48M | Investing Cash Flow |
| -4.11M | -132.93M | -414.21M | -74.43M | -393.92M | Financing Cash Flow |
| -58.66M | 261.99M | 32.67M | 181.64M | 345.34M |
Peoples Bancorp Technical Analysis
Negative
29.82
Price Trends
31.25
Negative
32.18
Negative
31.01
Negative
Market Momentum
-0.42
Negative
39.40
Neutral
23.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEBO, the sentiment is Negative. The current price of 29.82 is above the 20-day moving average (MA) of 29.69, below the 50-day MA of 31.25, and below the 200-day MA of 31.01, indicating a bearish trend. The MACD of -0.42 indicates Negative momentum. The RSI at 39.40 is Neutral, neither overbought nor oversold. The STOCH value of 23.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PEBO.
Peoples Bancorp Risk Analysis
Peoples Bancorp disclosed 40 risk factors in its most recent earnings report. Peoples Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Peoples Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $8.33B | 16.05 | 16.67% | 1.68% | -2.75% | 11.75% | |
75 Outperform | $1.06B | 8.97 | 10.77% | 5.40% | 17.88% | -3.25% | |
74 Outperform | $4.83B | 10.60 | 7.53% | 3.58% | 15.34% | -3.89% | |
72 Outperform | $21.84B | 12.26 | 9.93% | 4.15% | 10.13% | -1.25% | |
69 Neutral | $6.70B | 12.50 | 9.06% | 2.66% | 16.39% | -13.25% | |
65 Neutral | $7.64B | 11.62 | 10.72% | 4.88% | -6.54% | -21.90% | |
63 Neutral | $14.39B | 9.81 | 8.95% | 4.37% | 16.38% | -11.64% |
* Financial Sector Average
Performance Comparison
PEBO
Peoples Bancorp
27.55
0.82
3.07%
CMA
Comerica
53.27
3.12
6.22%
CBSH
Commerce Bancshares
62.30
13.11
26.65%
FNB
F.N.B.
13.65
0.50
3.80%
HBAN
Huntington Bancshares
15.21
2.26
17.45%
ONB
Old National Bancorp Capital
18.78
2.59
16.00%
Peoples Bancorp Earnings Call Summary
Earnings Call Date: Jan 21, 2025 | % Change Since: -3.56% | Next Earnings Date: Apr 22, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance in several areas, including earnings per share, net interest margin, and deposit growth. However, challenges in the leasing business and a decline in net interest income were notable concerns. Overall, the sentiment was positive with optimism for future growth and stability.Highlights
Earnings Performance
Fourth quarter diluted earnings per share was $0.76, and $3.31 for the full year 2024, beating consensus estimates.
Net Interest Margin
Net interest margin remained strong at 4.21%, outperforming most in the industry.
Loan Portfolio Performance
Commercial and Industrial Loans increased by $163 million, with a favorable shift in the loan mix.
Deposit Growth
Deposit balance growth of $443 million or 6% compared to 2023.
Capital Position
Tangible equity to tangible assets ratio improved to 8.01% at year-end.
Fee-Based Income
Fee-based income grew 10% for the year, driven by improved leasing and insurance income.
Community Engagement
Recognized as a top employer, contributing to community through donations, volunteering, and scholarship programs.
Lowlights
Leasing Business Challenges
Elevated charge-offs in the small ticket leasing business, with net charge-offs increasing to 6.7%.
Net Interest Income Decline
Net interest income declined 3% in the fourth quarter compared to the linked quarter.
Non-Performing Assets and Charge-Offs
Non-performing assets declined but there were higher than expected leasing charge-offs, impacting net charge-off rate.
Efficiency Ratio Increase
Efficiency ratio increased to 59.6% in the fourth quarter due to lower net interest income and increased non-interest expense.
Company Guidance
During the Q4 2024 earnings call, the executives from Peoples Bancorp Inc. provided detailed guidance and several key metrics for 2025. They reported a diluted earnings per share of $0.76 for Q4 and $3.31 for the full year, with net interest income up 3% compared to 2023, and a net interest margin of 4.21%. The efficiency ratio was 58%, and book value per share rose 5% to $31.26. Additionally, a 6% increase in deposit balances was noted, along with a tangible equity to tangible assets ratio of 8.01%. The provision for credit losses is expected to remain similar to 2024, and the net charge-off rate is anticipated to gradually decline. The company aims for 4% to 6% loan growth in 2025, with a net interest margin stabilization between 4% and 4.2%, assuming a 50 basis point rate reduction by the Federal Reserve. Fee-based income growth is also projected to be in the mid to high single-digit percentages.Peoples Bancorp Corporate Events
Business Operations and StrategyFinancial Disclosures
Peoples Bancorp Hosts Investor Meetings in Q1 2025
Neutral
Feb 18, 2025
Between February 18, 2025, and March 31, 2025, Peoples Bancorp Inc.’s management team, including the President and CEO, along with the Executive Vice President, CFO, and Treasurer, plans to hold meetings with investors and analysts. These meetings aim to enhance understanding of Peoples Bancorp’s business and financial performance through an investor presentation.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.