Earnings Releases·Oct 26, 2026, 11:09 AM ET

Peoples Bancorp, Inc. — Third Quarter 2026 Earnings Summary

Reported Q3 diluted EPS of $0.91 and adjusted diluted EPS of $1.04, beating consensus estimates of $0.93; net interest income rose 1% quarter-over-quarter while fee-based income grew 5% sequentially.
Provided full-year 2026 guidance for net interest margin (4.2%–4.3%) and loan growth (6%–8%), alongside 2027 projections for net interest margin (4.3%–4.5%) and loan growth (3%–5%).
Confirmed the Citizens merger closing in Q4 2026, adding ~$350 million in loans and $550 million in deposits, with the pending Capital Bancorp acquisition expected to close in early 2027.
Management anticipates positive operating leverage for 2026 and 2027, though net charge-offs are expected to rise in 2027 due to the integration of the Citizens portfolio.
Strategic asset management included selling ~$59 million of securities in August to remain under the $10 billion asset threshold, incurring a $4.5 million loss on investment securities.