Peoples Bancorp Q2 FY26 net income drops 3.45% to $28 million

Reuters2026/07/21 10:02

By:Reuters

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Peoples Bancorp posted Q2 2026 net income of $28 million, down 3.45% from Q1 2026; diluted EPS slipped to $0.78 from $0.81.
Net interest margin widened 7 basis points to 4.23% as net interest income rose to $92.7 million, driven by lower deposit costs.
Provision for credit losses fell to $4.7 million from $9.7 million, while net charge-offs eased to $5.2 million from $6.6 million.
Results included an $8.6 million net loss on gains and losses, reflecting an $8.2 million loss on the sale of $135.2 million of available-for-sale securities.
Peoples agreed to buy Citizens National Corp. in a cash-and-stock deal valued at about $76.6 million; acquisition-related expenses totaled $0.4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peoples Bancorp Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607210600PR_NEWS_USPR_____CL07985) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Peoples Bancorp Q2 FY26 net income drops 3.45% to $28 million

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