Marietta, Ohio-based Peoples Bancorp (NASDAQ:PEBO) reported strong fourth-quarter 2025 financial results, highlighted by record net income of $31.8 million, or $0.89 per diluted share, compared with $26.9 million ($0.76 per share) in the fourth quarter of 2024 and $29.5 million ($0.83 per share) in the third quarter of 2025.
Net interest income stood at $91 million for the quarter, supported by a net interest margin of 4.12%.
The period included an $8.1 million provision for credit losses, net losses of $1.9 million related to the sale of other real estate owned (OREO) and the redemption of subordinated debt, and a $1.4 million increase in non-interest income excluding gains and losses.
Period-end loans increased $28.2 million from the prior quarter, while criticized and classified loans declined, reflecting continued improvement in credit quality.
Deposits decreased $22 million during the period.
For the full year 2025, total provisions for credit losses amounted to $42.2 million.
The results underscore Peoples Bancorp's disciplined balance sheet management, resilient net interest income, and focus on asset quality amid a dynamic interest rate environment.