Overview

* Peoples Bancorp Q3 net income falls compared to last year, EPS at $0.83

* Net interest income for Q3 rises 4% from linked qtr, driven by higher loan balances

* Provision for credit losses in Q3 drops significantly from previous quarter

Outlook

* Peoples Bancorp did not provide specific financial guidance for future periods

Result Drivers

* LOAN GROWTH - High loan growth, especially in commercial real estate and industrial loans, drove net interest income increase

* CREDIT LOSS PROVISION - Provision for credit losses decreased significantly, driven by net charge-offs, loan growth, and slight economic forecast deterioration

* EFFICIENCY IMPROVEMENT - Efficiency ratio improved due to higher net interest income and lower non-interest expense

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.83

Q3 Net $91.34

Interest mln

Income

Q3 $7.30

Credit mln

Loss

Provisio

n

Q3 Net 4.16%

Interest

Margin

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 ( PEBO ) is $34.00, about 15.6% above its October 20 closing price of $28.70

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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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.)