Peoples Bancorp (PEBO) Q3 2026 Earnings Call Transcript

Peoples Bancorp (PEBO) reported Q3 2026 adjusted EPS of $1.04, beating estimates. Net interest income grew 1%, and net interest margin expanded 8 basis points. Fee-based income increased 5% linked-quarter. However, a $4.5 million loss on investment securities reduced EPS by $0.10. Loan growth was modest at 1% annualized. The company expects to close the Capital Bancorp acquisition in late Q1 or early Q2 2027, with a projected 8-10 basis point lift in NIM in Q4 2026.

Peoples Bancorp (PEBO) reported Q3 fee-based income up 5% and non-interest expenses up 2%, including acquisition-related costs. Loan growth was 1% annualized, with commercial production at a near-record high. Credit-loss provision declined 24%. The company expects to close the Citizens merger by October, adding loans and deposits, and anticipates positive operating leverage in 2026. For 2027, it forecasts loan growth of 3% to 5% and net interest margin of 4.3% to 4.5%.

Peoples Bancorp Inc. reported Q3 2026 earnings, highlighting a dual-merger strategy with Citizens and Capital Bank Corp. Commercial loan production was high, but significant payoffs occurred. Net interest margin expanded by 8 basis points. Management expects positive operating leverage in 2026-2027, with net interest margin projected at 4.3-4.5% in 2027. The Capital Bank Corp merger is expected to close in late Q1 or early Q2 2027.

PEOPLES BANCORP INC (PEBO) filed an SEC Form 8-K — Results of Operations and Financial Condition. Filed by: Peoples Bancorp, Inc (Commission File No.: 000-16772) Pursuant to the Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934, as amended Subject Company: Capital Bancorp Inc. (Commission File

Peoples Bancorp Inc. (PEBO) reported Q3 2026 net income of $32.6M, up from Q2 2026 and Q3 2025. EPS was $0.91, impacted by $0.13 in non-core items. The company announced two acquisitions: Citizens National Corporation for $76.6M and Capital Bancorp, Inc. for $728.1M. Net interest income rose 1% QoQ to $93.8M, with net interest margin increasing to 4.31%. Loan and lease balances grew 1% annually.

Peoples Bancorp (PEBO) to acquire Capital Bancorp in a $728M all-stock deal. The merger is expected to close in H1 2027, with 2027 EPS accretion of ~19% and initial TBV dilution of ~10.8%. The combined entity will have ~$14B in assets and $10B in loans.