PEBONasdaqState Commercial BanksUS GAAP · USD

Peoples Bancorp Inc

Peoples Bancorp Inc. is a U.S.-based financial holding company centered on community banking through Peoples Bank and its subsidiaries. It provides deposit, lending, trust and investment, insurance, premium finance, and equipment leasing services across a branch network in Ohio and neighboring states.

Revenue86.7m USD
+2.3 %y/y
Operating profit (EBIT)135m USD
−9.8 %y/y
EBIT margin155.4%
−20.9 ppy/y
Net income107m USD
−8.9 %y/y
Free cash flow129m USD
−5.6 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

050100150m USD2020: 54 m USD2020: EBIT 43 m USD20202021: 61 m USD2021: EBIT 57 m USD20212022: 70 m USD2022: EBIT 129 m USD20222023: 80 m USD2023: EBIT 145 m USD20232024: 85 m USD2024: EBIT 149 m USD20242025: 87 m USD2025: EBIT 135 m USD202587135
RevenueOperating profit (EBIT)

Business

Share of revenue
Community banking55 %

Core deposit accounts, commercial and consumer loans, and branch-based banking services.

Electronic banking10 %

ATM, debit card, mobile, internet, and remote deposit services that support customer transactions.

Insurance services15 %

Property and casualty, life and health insurance products and related commissions.

Trust and investment services8 %

Fiduciary, wealth, and brokerage-related services offered through affiliated and unaffiliated channels.

Premium finance and leasing12 %

Insurance premium finance lending and equipment lease financing through specialized subsidiaries.

Customers

Peoples serves retail banking customers, small and middle-market businesses, and commercial borrowers across its regional footprint. It also sells insurance products, premium finance, and leasing solutions to customers that need financing or risk-transfer services tied to business operations.

Retail banking customers

Households using checking, savings, cards, mortgages, and digital banking channels.

Small business customers

Local businesses that buy deposit accounts, working capital loans, and treasury services.

Commercial and real estate borrowers

Businesses and property owners that use secured lending for expansion, acquisition, or refinancing.

Insurance customers

Individuals and businesses purchasing property and casualty, life, and health insurance products.

Premium finance and leasing clients

Customers and intermediaries that use financing for insurance premiums or equipment purchases.

Strategy

Peoples’ strategy is to operate as a diversified community financial services franchise, using its branch network and digital channels to cross-sell banking, insurance, trust, leasing, and premium finance products. The model emphasizes relationship banking, fee-based services, and specialized lending niches that broaden customer relationships beyond traditional deposits and loans.

Cross-sell multiple financial products to existing customersMedium term

Broadening relationships increases customer stickiness and fee income per household or business.

Strengthen digital and alternative delivery channelsMedium term

ATM, debit, mobile, internet, and ITM channels support convenience and lower-friction customer access.

Preserve a diversified fee-income mixMedium term

Insurance, e-banking, trust, and leasing help reduce reliance on spread income alone.

Geography

Peoples operates primarily in the U.S. Midwest and Mid-Atlantic, with full-service branches in Ohio, Kentucky, West Virginia, Virginia, Washington, D.C., and Maryland. Its footprint is regional rather than national, which ties performance to local economic conditions, real estate values, and deposit competition in those markets.

Risks

Peoples is exposed to credit, interest-rate, liquidity, and deposit risks typical of regional banks, with added sensitivity to local economic and real estate conditions in its market areas. Its non-bank businesses add operational, regulatory, and technology risks, including third-party vendor dependence, cybersecurity, and seasonal insurance commission variability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Real estate collateral deterioration1Local economic weakness in core markets2Interest-rate and asset/liability repricing risk3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Real estate collateral deteriorationImpact: HighLikelihood: Medium

    A significant share of loans are secured by commercial or residential real estate.

    Exposure: Commercial and residential real estate lending

  2. Local economic weakness in core marketsImpact: HighLikelihood: Low

    A regional footprint concentrates exposure to the economic health of nearby communities and borrowers.

    ExposureDepositsLoan demandBorrower repaymentCollateral values
  3. Interest-rate and asset/liability repricing riskImpact: HighLikelihood: Low

    Bank earnings and funding costs can move differently as rates change.

    Exposure: Net interest income and deposit pricing

  4. Cybersecurity and third-party vendor failureImpact: High

    Digital banking and core processing depend on secure systems and outside providers.

    ExposureOnline bankingCore banking systemCustomer data
  5. Regulatory and compliance burdenImpact: Medium

    The company is supervised by banking and insurance regulators and consumer protection agencies.

    ExposureCapital actionsConsumer productsInsurance operations

Accounting

Judgemental items
Allowance for credit losses

Loan-loss estimates depend on borrower performance, collateral values, and macro assumptions.

Impact: Can materially affect earnings and capital

Insurance commission recognition

Performance-based and annual commissions create seasonal income patterns.

Impact: Quarterly non-interest income volatility

Fair value of investment securities

Security valuations can create gains or losses when market conditions change.

Impact: Affects non-interest income and accumulated OCI

Repossessed assets and legal contingencies

Losses on repossessed assets and accrued legal matters can change other expense.

Impact: Impacts non-interest expense and asset values

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026