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Peoples Bancorp (PEBO)
:PEBO
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Peoples Bancorp
(NASDAQ:PEBO)
73Outperform
Peoples Bancorp (PEBO) vs. S&P 500 (SPY)
Market Cap
$1.02B
Dividend Yield5.59%
Average Volume (3M)163.80K
Price to Earnings (P/E)9.1
Beta (1Y)0.81
Revenue Growth7.34%
EPS Growth-4.94%
CountryUS
Employees1,460
SectorFinancial
Sector Strength84
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.16
Shares Outstanding35,670,204
10 Day Avg. Volume167,159
30 Day Avg. Volume163,796
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 Cap1.15
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.26
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$32.50Price Target Upside13.48% Upside
Rating ConsensusHold
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
Neutral
28.64
Price Trends
29.75
Negative
31.11
Negative
30.99
Negative
Market Momentum
-0.40
Negative
50.45
Neutral
89.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PEBO, the sentiment is Neutral. The current price of 28.64 is above the 20-day moving average (MA) of 28.08, below the 50-day MA of 29.75, and below the 200-day MA of 30.99, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 50.45 is Neutral, neither overbought nor oversold. The STOCH value of 89.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $1.07B | 8.31 | 17.21% | 3.56% | 0.94% | -8.61% | |
74 Outperform | $1.16B | 11.16 | 11.98% | 2.50% | 12.38% | 26.96% | |
73 Outperform | $1.02B | 9.07 | 10.12% | 5.59% | 7.34% | -4.94% | |
73 Outperform | $1.10B | 16.18 | 10.83% | 1.50% | 18.79% | -11.25% | |
72 Outperform | $987.00M | 12.97 | 6.75% | 1.90% | 1.00% | -7.88% | |
70 Outperform | $923.37M | 12.35 | 7.88% | ― | 13.26% | -33.68% | |
63 Neutral | $12.31B | 9.55 | 7.88% | 79.24% | 12.71% | -4.71% |
* Financial Sector Average
Performance Comparison
PEBO
Peoples Bancorp
28.64
0.63
2.25%
PFBC
Preferred Bank
80.13
6.84
9.33%
RBCAA
Republic Bancorp
67.01
17.11
34.29%
OBK
Origin Bancorp
31.59
1.97
6.65%
BFC
Bank First National
110.15
33.83
44.33%
FSUN
FirstSun Capital Bancorp
36.05
1.73
5.04%
Peoples Bancorp Earnings Call Summary
Earnings Call Date:Apr 22, 2025
(Q1-2025)
| % Change Since: 3.96%|
Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a balanced sentiment, with positive aspects like loan growth, deposit increases, and recognition for workplace excellence and banking performance. However, these were offset by challenges such as a decline in net interest income, increased provisions for credit losses, and persistent issues in the leasing portfolio.Q1-2025 Updates
Positive Updates
Loan Growth and Asset Quality Improvements
Annualized loan growth was over 4%, with improvements in asset quality metrics such as reductions in the annualized net charge-off rate, nonperforming assets, and criticized and classified loans.
Deposit Growth
Deposit balances grew 2% driven by higher money market and governmental deposit account balances, resulting in core deposit growth of over 3%.
Book Value and Tangible Book Value Growth
The book value per share grew 2% to $31.90, while the tangible book value per share improved 4% to $20.68.
Dividend Increase
Announced an increase to the quarterly dividend for the tenth consecutive year.
Recognition and Awards
Received recognition from USA TODAY as a top workplace for the fourth year in a row and by Forbes as one of America's Best Banks in 2025.
Negative Updates
Decline in Net Interest Income
Net interest income was down 1% compared to the linked quarter, and the net interest margin decreased by 3 basis points.
Increased Provision for Credit Losses
Provision for credit losses increased nearly $4 million compared to the linked quarter, primarily driven by net charge-offs during the first quarter.
Elevated Net Charge-Offs in Leasing Portfolio
Net charge-offs continued to be driven by the small ticket leasing business, although they declined by over $2 million compared to the linked quarter.
Company Guidance
During the first quarter of 2025, Peoples Bancorp Inc. reported various financial metrics that highlighted both challenges and successes. The company saw diluted earnings per share of $0.68, with annualized loan growth exceeding 4%. Improvements were noted in asset quality metrics, including a decline in the annualized net charge-off rate to 52 basis points and a reduction in nonperforming assets by over $3 million. Deposit balances increased by 2%, and core deposit growth was over 3%, despite a $96 million reduction in brokered CDs. The tangible equity to tangible assets ratio improved to 8.34%, and book value per share rose to $31.90. However, net interest income declined by 1% compared to the previous quarter, though on a core basis net interest income grew and the net interest margin expanded by 3 basis points. Fee-based income increased by over 2%, while total noninterest expense rose slightly due to one-time expenses. The provision for credit losses was elevated, primarily due to net charge-offs, which declined by over $2 million from the previous quarter. The company anticipates loan growth of 4% to 6% for the year and has forecasted a full-year net interest margin of between 4% and 4.2%, assuming rate reductions by the Federal Reserve later in the year.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.