Peoples Bancorp (NASDAQ:PEBO), the parent company of Peoples Bank, today announced financial results for the first quarter ended March 31, 2026.
The company delivered a resilient performance characterized by double-digit loan growth and a substantial strengthening of its core deposit base, reflecting its successful expansion strategy across its regional footprint.
For the first quarter, Peoples Bancorp reported net income of $29 million, resulting in earnings per share (EPS) of $0.81.
A primary driver of the quarter's profitability was the enhancement of the company’s net interest margin, which improved to 4.16%, as the bank effectively managed its yield on earning assets relative to funding costs.
The bank also saw significant activity across its lending and deposit platforms.
Period-end loans rose by $341.7 million, representing a 5% increase year-over-year.
This lending momentum was supported by a healthy funding environment; while total deposits rose by $38.2 million, the underlying quality of the base improved significantly with core deposits up $191.8 million.
Elsewhere, the company recorded a provision for credit losses of $9.7 million during the quarter.
Meanwhile, the company’s liquidity position remains a cornerstone of its defensive strategy.
As of March 31, 2026, Peoples Bancorp held $713.2 million in liquid assets and $945.3 million in total borrowing capacity.