The adjusted EPS beat of $1.04 vs $0.93 consensus is the headline number the market will focus on, but GAAP EPS missed by $0.02 due to portfolio restructuring losses. Watch for updates on the Citizens and Capital Bancorp merger timelines and regulatory approvals, as integration costs will pressure near-term expense guidance.
Price Chart
Executive Summary
Peoples Bancorp reported Q3 2026 GAAP diluted EPS of $0.91, a 9.6% YoY increase from $0.83, but a 2.3% miss vs the $0.93 consensus. Net interest income rose 3% YoY to $93.8M and net interest margin expanded 15bp to 4.31%, while the provision for credit losses fell sharply. However, the company recorded $4.5M in investment securities losses and $1.5M in acquisition-related expenses tied to the pending Citizens and Capital Bancorp mergers. Adjusted EPS of $1.04 beat the $0.93 consensus. The board declared a $0.42 quarterly dividend.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.91 missed consensus of $0.93 by 2.3%
- Adjusted diluted EPS of $1.04 exceeded consensus of $0.93
- Net interest income rose to $93.8M, up 3% YoY and 1% linked quarter
- Net interest margin expanded 8bp linked quarter to 4.31%
- Provision for credit losses fell to $3.6M from $7.3M YoY and $4.7M linked quarter
- Net loss on investment securities was $4.5M from portfolio restructuring
- Acquisition-related expenses totaled $1.5M for the quarter
- Quarterly dividend of $0.42 per share declared, annualized yield of 4.58%
- Total assets were $9.7B as of September 30, 2026
- Pending acquisitions of Citizens National Corporation ($76.6M) and Capital Bancorp ($728.1M)
Financial Impact
GAAP EPS of $0.91 vs consensus $0.93; adjusted EPS of $1.04 vs consensus $0.93; net interest income $93.8M; provision for credit losses $3.6M; investment securities losses $4.5M; acquisition expenses $1.5M
Risk Factors
- Integration risk from two pending acquisitions (Citizens and Capital Bancorp)
- Continued investment securities losses from balance sheet restructuring to stay under $10B assets
- Rising classified loans (up 21% linked quarter) and net charge-offs (0.35% vs 0.31% linked quarter)
- Expense growth from acquisition-related costs and technology investments
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000318300-26-000231 |
| Exhibit: exhibit993q32026divdeclared.htm | 0000318300-26-000231 |
| Document: pebo-20261019.htm | 0000318300-26-000231 |
| Document: q32026earningspresentati.htm | 0000318300-26-000231 |
| Document: 0000318300-26-000231-index-headers.html | 0000318300-26-000231 |
| Document: 0000318300-26-000231-index.html | 0000318300-26-000231 |
| Document: 0000318300-26-000231.txt | 0000318300-26-000231 |
| 8-K Data (Synthetic) | 0000318300-26-000231 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | Insider Cluster | $38.44 | awaiting T+1 | — | $38.36 (−0.21%) |
Oct 27, 2026 today | Insider Cluster | $38.20 | awaiting T+1 | — | $38.36 (+0.42%) |
Oct 26, 2026 1d ago | 8-K | $38.20 | awaiting T+1 | — | $38.36 (+0.42%) |
Oct 22, 2026 5d ago | 144 | $38.19 $38.20 | ▲ +0.03% | ▲ +0.55% | $38.36 (+0.45%) |
Oct 20, 2026 7d ago | 8-K | $37.56 $37.33 | ▼ −0.61% | ▼ −1.14% | $38.36 (+2.13%) |
Oct 20, 2026 7d ago | Press Release | $37.56 $37.33 | ▼ −0.61% | ▼ −1.14% | $38.36 (+2.13%) |
Oct 5, 2026 21d ago | 8-K | $36.73 $36.12 | ▼ −1.66% | ▼ −1.42% | $38.36 (+4.44%) |
Sep 30, 2026 27d ago | 8-K | $36.59 $36.89 | ▲ +0.82% | ▲ +0.64% | $38.36 (+4.84%) |
Sep 30, 2026 27d ago | Press Release | $36.59 $36.89 | ▲ +0.82% | ▲ +0.64% | $38.36 (+4.84%) |
Sep 28, 2026 28d ago | Press Release | $38.87 $36.59 | ▼ −5.87% | ▼ −5.66% | $38.36 (−1.31%) |
US Market Status
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