Peoples Bancorp Q2 net interest income rises on lower costs

Peoples Bancorp

21/07/2026 11:12

    

    Overview
  
U.S. regional bank's Q2 net income and EPS rose yr/yr, but declined from prior qtr
Net interest income and margin increased from prior qtr, driven by lower deposit costs
Company recorded $0.4 mln in acquisition-related expenses for pending Citizens Bank merger

    

    Outlook
  
Company did not provide specific financial guidance for the current or upcoming quarters in the press release

    

    Result Drivers
  
NET INTEREST INCOME - Increase driven by lower deposit and borrowing costs compared to prior qtr and prior yr
CREDIT LOSS PROVISION - Provision for credit losses decreased, reflecting improved macro-economic conditions and lower charge-offs, especially in leases and indirect consumer loans
NON-INTEREST INCOME - Modest growth in non-interest income, led by increases in electronic banking, lease, trust and investment, and mortgage banking income, partially offset by lower insurance income

    
Company press release: ID:nPn8by8qFa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.78
 
Q2 Net Interest Income
 
$92.73 mln
 
Q2 Net Interest Margin
 
4.23%
 

    

    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 $39.00, about 1% below its July 20 closing price of $39.39
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

    

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(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.)