Peoples Bancorp Q1 net interest income increases on lower deposit and borrowing costs

Peoples Bancorp

21/04/2026 11:09

Overview

US diversified financial services provider's Q1 net income and EPS rose yr/yr, fell sequentially

Net interest income for Q1 increased 6% yr/yr, driven by lower deposit and borrowing costs

Asset quality improved in Q1, with lower net charge-offs and reduced criticized loans

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

NET INTEREST MARGIN - Q1 margin rose to 4.16% from 4.12% in Q4, driven by lower deposit costs

NON-INTEREST INCOME - Insurance income rose due to seasonal performance-based commissions, offsetting declines in other fee income

ASSET QUALITY - Lower net charge-offs and reduced criticized loans, particularly in the North Star Leasing division, improved asset quality

Company press release: ID:nPn1sSMjLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.81
Q1 Net Interest Income
$90.42 mln
Q1 Credit Loss Provision
$9.70 mln
Q1 Net Interest Margin
4.16%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Peoples Bancorp Inc is $34.50, about 0.7% below its April 20 closing price of $34.74

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)