Brief: Peoples Bancorp Reports Quarterly Loss Per Share Of $0.04

Peoples Bancorp

21/04/2020 12:13

April 21 (Reuters) - Peoples Bancorp Inc  PEBO.O :
    * . REPORTS QUARTERLY NET LOSS
    * Q1 LOSS PER SHARE $0.04
    * Q1 EARNINGS PER SHARE ESTIMATE $0.56 -- REFINITIV IBES
DATA
    * QUARTERLY NET INTEREST INCOME $34.6 MILLION VERSUS $33.9
MILLION
    * PEOPLES BANCORP - Q1 EARNINGS HEAVILY IMPACTED BY
PROVISION FOR
CREDIT LOSSES RECORDED FOR EXPECTED CREDIT LOSSES DUE TO
EXPECTED ECONOMIC DOWNTURN RELATED TO COVID-19
    * SAYS SIGNED ASSET PURCHASE AGREEMENT UNDER WHICH PEOPLES
BANK
WILL ACQUIRE OPERATIONS AND ASSETS OF TRIUMPH PREMIUM FINANCE
    * PEOPLES BANCORP - ACQUISITION OF ASSETS OF TRIUMPH PREMIUM
FINANCE, TO BE IMMEDIATELY ACCRETIVE TO CO'S EPS, ADDING ABOUT
$0.02-$0.04 IN 2020, $0.11-$0.14 IN 2021

Source text for Eikon:  ID:nPn3DN79Pa 
Further company coverage:  PEBO.O 

 ((Reuters.Briefs@thomsonreuters.com;))