PEOPLES BANCORP INC (PEBO) financial statements: income statement, balance sheet and cash flow
PEOPLES BANCORP INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), PEOPLES BANCORP INC reported revenue of $63.4M (+1.9% year on year) and net income of $106.8M (-8.9% year on year).
Income statement
PEOPLES BANCORP INC income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest and fees on loans
$441.1M
$451.0M
$383.0M
$234.8M
Interest and dividends on taxable investment securities
$66.0M
$59.0M
$49.3M
$28.9M
Interest on tax-exempt investment securities
$3.8M
$4.0M
$4.3M
$4.2M
Other interest income
$3.5M
$6.8M
$2.8M
$1.7M
Total interest income
$514.3M
$520.8M
$439.4M
$269.6M
Interest on deposits
$135.2M
$142.1M
$72.1M
$9.2M
Interest on short-term borrowings
$10.1M
$15.5M
$19.7M
$2.7M
Interest on long-term borrowings
$13.8M
$14.4M
$8.2M
$4.3M
Total interest expense
$159.1M
$172.1M
$100.0M
$16.1M
Net interest income
$355.2M
$348.7M
$339.4M
$253.4M
Provision for (recovery of) credit losses
$42.2M
$24.8M
$15.2M
($3.5M)
Net interest income after provision for (recovery of) credit losses
$313.1M
$323.9M
$324.2M
$257.0M
Revenue from contract with customer
$63.4M
$62.2M
$59.1M
$52.1M
Insurance income
$19.6M
$19.4M
$18.0M
$15.7M
Lease income
$15.6M
$10.4M
$5.6M
$4.3M
Bank owned life insurance income
$4.6M
$4.2M
$4.2M
$2.6M
Mortgage banking income
$1.4M
$1.8M
$1.1M
$1.4M
Net loss on asset disposals and other transactions
($3.0M)
($3.3M)
($2.8M)
($616.0K)
Net loss on investment securities
($2.7M)
($416.0K)
($3.7M)
($61.0K)
Other non-interest income
$5.2M
$5.0M
$6.1M
$3.4M
Total non-interest income
$104.1M
$99.4M
$87.4M
$78.8M
Salaries and employee benefit costs
$156.5M
$150.0M
$144.0M
$112.7M
Net occupancy and equipment expense
$23.2M
$24.2M
$21.4M
$19.5M
Data processing and software expense
$29.1M
$25.2M
$21.6M
$14.2M
Professional fees
$12.7M
$12.1M
$17.0M
$12.1M
Amortization of other intangible assets
$8.8M
$11.2M
$11.2M
$7.8M
Electronic banking expense
$8.3M
$7.5M
$7.2M
$9.2M
Marketing expense
$3.7M
$3.9M
$5.0M
$3.7M
FDIC insurance expense
$5.1M
$4.9M
$4.8M
$3.7M
Franchise tax expense
$3.4M
$3.2M
$3.5M
$3.5M
Other loan expenses
$4.9M
$4.1M
$2.9M
$2.7M
Communication expense
$2.7M
$3.1M
$2.8M
$2.5M
Operating lease expense
$4.6M
$3.5M
—
—
Travel and entertainment expense
$2.6M
$2.7M
—
—
Other non-interest expense
$16.7M
$18.0M
$25.0M
$15.5M
Total non-interest expense
$282.3M
$273.8M
$266.5M
$207.1M
Income before income taxes
$134.8M
$149.5M
$145.1M
$128.6M
Income tax expense
$28.0M
$32.3M
$31.8M
$27.3M
Net income
$106.8M
$117.2M
$113.4M
$101.3M
Earnings per common share – basic (in usd per share)
$3.03
$3.34
$3.46
$3.61
Earnings per common share – diluted (in usd per share)
$2.99
$3.31
$3.44
$3.60
Weighted-average number of common shares outstanding – basic (in shares)
35.0M
34.8M
32.5M
27.9M
Weighted-average number of common shares outstanding – diluted (in shares)
35.4M
35.1M
32.8M
28.0M
PEOPLES BANCORP INC income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Interest and fees on loans and leases
$109.6M
$108.7M
$113.2M
$108.8M
Interest and dividends on taxable investment securities
$16.2M
$16.5M
$17.9M
$15.6M
Interest on tax-exempt investment securities
$731.0K
$815.0K
$937.0K
$960.0K
Other interest income
$1.1M
$790.0K
$782.0K
$1.0M
Total interest income
$127.6M
$126.8M
$132.8M
$126.4M
Interest on deposits
$27.7M
$28.6M
$33.9M
$33.9M
Interest on short-term borrowings
$4.6M
$5.0M
$4.0M
$1.4M
Interest on long-term borrowings
$2.6M
$2.8M
$3.5M
$3.6M
Total interest expense
$34.9M
$36.4M
$41.5M
$38.8M
Net interest income
$92.7M
$90.4M
$91.3M
$87.6M
Provision for credit losses
$4.7M
$9.7M
$7.3M
$16.6M
Net interest income after provision for credit losses
$88.0M
$80.7M
$84.1M
$70.9M
Revenue from contract with customer
$17.0M
$15.8M
$16.2M
$15.6M
Lease income
$5.0M
$4.6M
$3.6M
$4.2M
Insurance income
$4.3M
$5.6M
$4.5M
$4.5M
Bank owned life insurance income
$1.2M
$1.2M
$1.1M
$1.1M
Mortgage banking income
$598.0K
$376.0K
$245.0K
$220.0K
Net loss on asset disposals and other transactions
($446.0K)
($410.0K)
($478.0K)
($280.0K)
Net loss on investment securities
($8.2M)
$0
($2.6M)
$0
Other non-interest income
$893.0K
$1.2M
$1.2M
$1.5M
Total non-interest income
$20.4M
$28.3M
$23.8M
$26.9M
Salaries and employee benefit costs
$40.0M
$39.8M
$38.7M
$38.9M
Data processing and software expense
$7.8M
$7.5M
$7.4M
$7.4M
Net occupancy and equipment expense
$5.8M
$6.2M
$5.9M
$5.7M
Professional fees
$4.0M
$2.8M
$2.8M
$3.6M
Electronic banking expense
$2.2M
$2.1M
$2.2M
$2.0M
Operating lease expense
$1.8M
$1.8M
$1.0M
$1.1M
Amortization of other intangible assets
$1.7M
$1.7M
$2.2M
$2.2M
Federal Deposit Insurance Corporation ("FDIC") insurance expense
$1.4M
$1.4M
$1.3M
$1.3M
Other loan expenses
$1.3M
$1.1M
$1.4M
$1.2M
Franchise tax expense
$972.0K
$1.0M
$916.0K
$678.0K
Travel and entertainment expense
$726.0K
$583.0K
$796.0K
$713.0K
Communication expense
$605.0K
$589.0K
$664.0K
$712.0K
Marketing expense
$604.0K
$886.0K
$1.0M
$718.0K
Other non-interest expense
$3.8M
$4.1M
$3.7M
$4.2M
Total non-interest expense
$72.8M
$71.6M
$69.9M
$70.4M
Income before income taxes
$35.6M
$37.3M
$38.0M
$27.5M
Income tax expense
$7.7M
$8.3M
$8.5M
$6.2M
Net income
$28.0M
$29.0M
$29.5M
$21.2M
Earnings per common share - basic (in usd per share)
$0.79
$0.82
$0.83
$0.60
Earnings per common share - diluted (in usd per share)
$0.78
$0.81
$0.83
$0.59
Weighted-average number of common shares outstanding - basic (in shares)
35.2M
35.1M
35.0M
35.0M
Weighted-average number of common shares outstanding - diluted (in shares)
35.6M
35.5M
35.4M
35.3M
Cash dividends declared
$15.1M
$14.6M
$14.7M
$14.6M
Cash dividends declared per common share (in usd per share)
$0.42
$0.41
$0.41
$0.41
Balance sheet
PEOPLES BANCORP INC balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$107.9M
$108.7M
$111.7M
$94.7M
Interest-bearing deposits in other banks
$81.1M
$108.9M
$315.0M
$59.3M
Total cash and cash equivalents
$189.0M
$217.7M
$426.7M
$154.0M
Available-for-sale investment securities, at fair value (amortized cost of $1,076,980 at December 31, 2025 and $1,229,382 at December 31, 2024)
$984.4M
$1.1B
$1.0B
$1.1B
Held-to-maturity investment securities, at amortized cost (fair value of $867,714 at December 31, 2025 and $692,499 at December 31, 2024)
$922.8M
$774.8M
$683.7M
$560.2M
Other investment securities
$68.7M
$60.1M
$63.4M
$51.6M
Total investment securities
$2.0B
$1.9B
$1.8B
$1.7B
Loans and leases, net of deferred fees and costs
$6.8B
$6.4B
$6.2B
$4.7B
Allowance for credit losses
($75.7M)
($63.3M)
($62.0M)
($53.2M)
Net loans and leases
$6.7B
$6.3B
$6.1B
$4.7B
Loans held for sale
$2.7M
$2.3M
$1.9M
$2.1M
Bank premises and equipment, net of accumulated depreciation
$100.5M
$103.7M
$103.9M
$82.9M
Bank owned life insurance
$148.3M
$143.7M
$140.6M
$105.3M
Goodwill
$363.2M
$363.2M
$362.2M
$292.4M
Other intangible assets
$30.1M
$39.2M
$50.0M
$33.9M
Other assets
$158.8M
$171.3M
$179.6M
$139.4M
Total assets
$9.6B
$9.3B
$9.2B
$7.2B
Non-interest-bearing
$1.5B
$1.5B
$1.6B
$1.6B
Interest-bearing
$6.1B
$6.1B
$5.6B
$4.1B
Total deposits
$7.6B
$7.6B
$7.2B
$5.7B
Short-term borrowings
$530.3M
$193.5M
$601.1M
$500.1M
Long-term borrowings
$204.1M
$238.1M
$216.2M
$101.1M
Accrued expenses and other liabilities
$98.4M
$120.9M
$134.2M
$103.8M
Total liabilities
$8.4B
$8.1B
$8.1B
$6.4B
Preferred shares, no par value, 50,000 shares authorized and no shares issued at December 31, 2025 and December 31, 2024
0
0
0
0
Common shares, no par value, 50,000,000 shares authorized, 36,836,943 shares issued at December 31, 2025 and 36,782,601 shares issued at December 31, 2024, including shares held in treasury
871.6M
866.8M
865.2M
686.5M
Retained earnings
$436.7M
$388.1M
$327.2M
$265.9M
Accumulated other comprehensive loss, net of deferred income taxes
($70.6M)
($110.4M)
($101.6M)
($127.1M)
Treasury stock, at cost, 1,215,120 common shares at December 31, 2025 and 1,311,175 common shares at December 31, 2024
-31.1M
-33.0M
-37.3M
-39.9M
Total stockholders’ equity
$1.2B
$1.1B
$1.1B
$785.3M
Total liabilities and stockholders’ equity
$9.6B
$9.3B
$9.2B
$7.2B
PEOPLES BANCORP INC balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and balances due from banks
$106.6M
$112.3M
$121.0M
$122.1M
Interest-bearing deposits in other banks
$73.2M
$78.1M
$69.2M
$64.0M
Total cash and cash equivalents
$179.7M
$190.4M
$190.2M
$186.1M
Available-for-sale investment securities, at fair value (amortized cost of $966,592 at June 30, 2026 and $1,076,980 at December 31, 2025)
$874.0M
$1.0B
$976.9M
$1.1B
Held-to-maturity investment securities, at amortized cost (fair value of $802,716 at June 30, 2026 and $867,714 at December 31, 2025)
$867.3M
$883.7M
$931.8M
$900.0M
Other investments
$76.1M
$69.9M
$64.0M
$67.5M
Total investment securities
$1.8B
$2.0B
$2.0B
$2.0B
Loans and leases, net of deferred fees and costs
$6.8B
$6.8B
$6.7B
$6.6B
Allowance for credit losses
($78.1M)
($78.4M)
($74.9M)
($74.7M)
Net loans and leases
$6.7B
$6.7B
$6.7B
$6.5B
Loans held for sale
$2.6M
$4.0M
$3.3M
$3.0M
Bank premises and equipment, net of accumulated depreciation
$97.6M
$99.3M
$103.6M
$103.9M
Bank owned life insurance
$150.6M
$149.4M
$147.1M
$146.0M
Goodwill
$363.2M
$363.2M
$363.2M
$363.2M
Other intangible assets
$26.8M
$28.4M
$32.3M
$34.6M
Other assets
$158.8M
$160.0M
$157.6M
$157.9M
Total assets
$9.5B
$9.6B
$9.6B
$9.5B
Non-interest-bearing
$1.6B
$1.6B
$1.5B
$1.5B
Interest-bearing
$5.9B
$6.1B
$6.1B
$6.1B
Total deposits
$7.5B
$7.6B
$7.6B
$7.6B
Short-term borrowings
$588.7M
$505.9M
$483.6M
$396.9M
Long-term borrowings
$156.3M
$185.4M
$227.3M
$232.4M
Accrued expenses and other liabilities
$102.3M
$92.3M
$98.1M
$120.8M
Total liabilities
$8.3B
$8.4B
$8.4B
$8.4B
Preferred shares, no par value, $50,000 shares authorized, no shares issued at June 30, 2026 or at December 31, 2025
0
0
0
0
Common shares, no par value, $50,000,000 shares authorized, $36,860,845 shares issued at June 30, 2026 and $36,836,943 shares issued at December 31, 2025, including at each date shares held in treasury
869.7M
867.5M
870.0M
868.5M
Retained earnings
$464.0M
$451.1M
$421.1M
$406.3M
Accumulated other comprehensive loss, net of deferred income taxes
($70.9M)
($76.0M)
($77.5M)
($90.3M)
Treasury stock, at cost, $1,008,699 shares at June 30, 2026 and $1,215,120 shares at December 31, 2025
-26.3M
-26.5M
-30.8M
-31.1M
Total stockholders’ equity
$1.2B
$1.2B
$1.2B
$1.2B
Total liabilities and stockholders’ equity
$9.5B
$9.6B
$9.6B
$9.5B
Cash flow statement
PEOPLES BANCORP INC cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$106.8M
$117.2M
$113.4M
$101.3M
Depreciation, amortization and accretion, net
$14.5M
$3.5M
$3.7M
$17.3M
Provision for credit losses
$42.2M
$24.8M
$15.2M
($3.5M)
Bank owned life insurance income
($4.6M)
($4.2M)
($4.2M)
($2.6M)
Net loss on investment securities
$2.7M
$416.0K
$3.7M
$61.0K
Fair value adjustment on equity investment securities
$17.0K
($50.0K)
$141.0K
($2.0K)
Loans originated for sale
($41.3M)
($65.4M)
($33.2M)
($48.1M)
Proceeds from sales of loans
$41.8M
$66.0M
$34.0M
$50.4M
Net gains on sales of loans
($861.0K)
($1.4M)
($659.0K)
($994.0K)
Deferred income (benefit) tax expense
($1.2M)
$7.0M
($238.0K)
$18.6M
Increase (decrease) in accrued expenses
$1.5M
($4.2M)
$13.2M
($4.7M)
Decrease (increase) in interest receivable
($870.0K)
$1.3M
($6.4M)
($5.8M)
(Decrease) increase in other assets
($1.8M)
$5.6M
$962.0K
$1.6M
(Decrease) increase in interest payable
($2.2M)
($1.7M)
$6.6M
—
Increase in operating lease assets
($11.6M)
($16.2M)
($13.8M)
—
Change in lease right-of-use assets and lease liabilities
$23.0K
$158.0K
($335.0K)
($38.0K)
Stock-based compensation
$6.9M
$7.3M
$6.0M
—
(Decrease) increase in net derivatives
($13.1M)
—
—
—
Other, net
($4.1M)
$3.0M
$5.6M
($3.7M)
Net cash provided by operating activities
$134.7M
$143.2M
$143.6M
$119.8M
Purchases
($68.6M)
($331.3M)
($75.4M)
($246.2M)
Proceeds from sales
$89.2M
$28.4M
$198.9M
$28.7M
Proceeds from principal payments, calls and prepayments
$128.3M
$255.7M
$151.0M
$190.1M
Purchases
($356.7M)
($253.5M)
($207.4M)
($206.8M)
Proceeds from principal payments
$210.4M
$162.5M
$84.1M
$19.0M
Purchases
($60.3M)
($28.4M)
($27.2M)
($23.6M)
Proceeds from sales
$52.3M
$32.0M
$21.3M
$5.8M
Net (increase) decrease in loans held for investment
($418.2M)
($199.2M)
($356.1M)
($58.1M)
Net expenditures for premises and equipment
($6.0M)
($6.8M)
($13.5M)
($6.8M)
Proceeds from sales of other real estate owned
$5.3M
$9.0K
$129.0K
$572.0K
Proceeds from bank owned life insurance
$0
$1.1M
$227.0K
$689.0K
Business acquisitions, net of cash received
$0
($1.6M)
$92.6M
($85.8M)
Investment in limited partnership and tax credit funds
$0
($3.1M)
($1.7M)
($1.9M)
Other, net
($17.0K)
—
—
—
Net cash used in investing activities
($424.4M)
($344.3M)
($132.9M)
($414.2M)
Net increase (decrease) in non-interest-bearing deposits
$37.8M
($60.0M)
($284.5M)
($52.0M)
Net (decrease) increase in interest-bearing deposits
($18.4M)
$547.1M
$485.9M
($93.1M)
Net increase (decrease) in short-term borrowings
$336.8M
($457.0M)
$41.0M
$328.6M
Proceeds from long-term borrowings
$13.5M
$55.3M
$115.1M
$24.8M
Payments on long-term borrowings
($49.2M)
($34.6M)
($40.2M)
($125.3M)
Cash dividends paid
($58.1M)
($55.8M)
($51.8M)
($42.4M)
Repurchase of treasury stock under share repurchase program
($838.0K)
($3.0M)
($3.0M)
($7.4M)
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock
-2.5M
-1.3M
-1.8M
-1.7M
Proceeds from issuance of common shares
1.7M
1.5M
1.3M
1.2M
Other
$280.0K
—
—
—
PEOPLES BANCORP INC cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net cash provided by operating activities
$90.6M
$34.5M
$99.4M
$85.0M
Purchases
($74.9M)
($56.7M)
($27.9M)
$0
Proceeds from sales
$129.8M
$2.8M
$72.8M
$967.0K
Proceeds from principal payments, calls and prepayments
$47.7M
$23.8M
$102.5M
$57.8M
Purchases
($48.9M)
($48.9M)
($290.2M)
($180.9M)
Proceeds from principal payments
$105.8M
$88.9M
$134.1M
$56.2M
Purchases
($27.8M)
($11.9M)
($35.1M)
($23.2M)
Proceeds from sales
$20.8M
$10.4M
$31.8M
$16.1M
Net increase in loans held for investment
($74.6M)
($18.0M)
($384.5M)
($252.8M)
Net expenditures for premises and equipment
($2.1M)
($1.2M)
($5.9M)
($4.2M)
Proceeds from sales of other real estate owned
$0
$0
$187.0K
$187.0K
Other
($18.0K)
($21.0K)
($1.1M)
($1.1M)
Net cash provided by (used in) investing activities
$75.7M
($10.8M)
($403.4M)
($331.0M)
Net increase in non-interest-bearing deposits
$48.4M
$41.1M
$28.4M
$23.2M
Net (decrease) increase in interest-bearing deposits
($202.4M)
($2.9M)
$13.1M
$23.5M
Net increase (decrease) in short-term borrowings
$28.4M
($24.4M)
$290.1M
$203.4M
Proceeds from long-term borrowings
$11.6M
$6.1M
$8.3M
$6.0M
Payments on long-term borrowings
($30.0M)
($25.2M)
($19.9M)
($12.2M)
Cash dividends paid
($29.8M)
($14.6M)
($43.5M)
($28.8M)
Purchase of treasury stock under share repurchase program
$0
$0
($455.0K)
($455.0K)
Purchase of treasury stock in connection with employee incentive program and compensation plan for Boards of Directors to be held as treasury stock
-2.2M
-2.1M
-2.3M
-2.1M
Proceeds from issuance of common shares
796.0K
353.0K
1.5M
991.0K
Other
($259.0K)
($456.0K)
$1.3M
$1.0M
Net cash (used in) provided by financing activities
($175.5M)
($22.2M)
$276.5M
$214.4M
Net decrease in cash and cash equivalents
($9.2M)
$1.4M
($27.4M)
($31.6M)
Cash and cash equivalents at beginning of period
$189.0M
$189.0M
$217.7M
$217.7M
Cash and cash equivalents at end of period
$179.7M
$190.4M
$190.2M
$186.1M
Interest paid
$73.8M
$38.6M
$117.8M
$75.7M
Federal income taxes paid
$1.5M
$0
—
—
State income taxes paid
$1.7M
$127.0K
—
—
Transfers from total loans to other real estate owned