--- title: "Peoples Bancorp | 10-Q: FY2026 Q1 Revenue: USD 155.08 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284824769.md" datetime: "2026-04-30T19:43:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284824769.md) - [en](https://longbridge.com/en/news/284824769.md) - [zh-HK](https://longbridge.com/zh-HK/news/284824769.md) --- # Peoples Bancorp | 10-Q: FY2026 Q1 Revenue: USD 155.08 M Revenue: As of FY2026 Q1, the actual value is USD 155.08 M. EPS: As of FY2026 Q1, the actual value is USD 0.81, beating the estimate of USD 0.7957. EBIT: As of FY2026 Q1, the actual value is USD -53.08 M. #### Operational Metrics - **Net Income**: Peoples Bancorp Inc. reported net income of $29.0 million for the first quarter of 2026, an increase from $24.3 million for the first quarter of 2025, but a decrease from $31.8 million in the fourth quarter of 2025. - **Net Interest Income**: Net interest income for the first quarter of 2026 was $90.4 million, a decrease of - $0.6 million compared to the linked quarter (Q4 2025), but an increase of $5.2 million, or 6%, compared to the first quarter of 2025. - **Net Interest Margin**: The net interest margin was 4.16% for the first quarter of 2026, up from 4.12% for the linked quarter and 4 basis points higher than the first quarter of 2025. - **Provision for Credit Losses**: The provision for credit losses was $9.7 million for the first quarter of 2026, compared to $8.1 million for the linked quarter and $10.2 million for the first quarter of 2025. - **Net Charge-offs**: Net charge-offs for the first quarter of 2026 totaled $6.6 million, or 0.40% of average total loans annualized, which is lower than $7.4 million (0.44% annualized) in the linked quarter and $8.1 million (0.52% annualized) in the first quarter of 2025. - **Non-Interest Income (excluding net gains and losses)**: Total non-interest income, excluding net gains and losses, increased by $0.4 million in Q1 2026 compared to the linked quarter and by $1.2 million compared to Q1 2025. - **Non-Interest Expense**: Total non-interest expense increased by $0.3 million in Q1 2026 compared to the linked quarter, and by $0.8 million (1%) compared to Q1 2025. - **Efficiency Ratio**: The efficiency ratio for Q1 2026 was 58.6%, slightly higher than 57.8% in the linked quarter, but lower than 60.7% in Q1 2025. - **Income Tax Expense**: Income tax expense was $8.3 million for Q1 2026, with an effective tax rate of 22.3%. #### Balance Sheet Metrics - **Total Assets**: Total assets remained flat at $9.65 billion at March 31, 2026, compared to December 31, 2025, but increased by $400 million compared to March 31, 2025. - **Total Liabilities**: Total liabilities decreased slightly to $8.43 billion at March 31, 2026, from $8.44 billion at December 31, 2025. - **Total Stockholders’ Equity**: Total stockholders’ equity increased by $9.4 million to $1.216 billion at March 31, 2026, compared to December 31, 2025. - **Accumulated Unrealized Losses (AFS Securities)**: Accumulated unrealized losses related to the available-for-sale investment securities portfolio were - $76.4 million at March 31, 2026, compared to - $71.0 million at December 31, 2025. #### Loans and Leases by Type (March 31, 2026 vs. December 31, 2025) - Construction: $269,571 thousand vs. $300,941 thousand. - Commercial real estate, other: $2,340,833 thousand vs. $2,363,967 thousand. - Commercial and industrial: $1,646,797 thousand vs. $1,535,755 thousand. - Premium finance: $228,883 thousand vs. $253,075 thousand. - Leases: $350,226 thousand vs. $365,649 thousand. - Residential real estate: $852,011 thousand vs. $861,722 thousand. - Home equity lines of credit: $260,909 thousand vs. $253,864 thousand. - Consumer, indirect: $699,854 thousand vs. $700,582 thousand. - Consumer, direct: $119,859 thousand vs. $120,338 thousand. - Deposit account overdrafts: $1,265 thousand vs. $1,014 thousand. #### Deposits by Type (March 31, 2026 vs. December 31, 2025) - Retail certificates of deposits (CDs): $1,968,441 thousand vs. $1,983,791 thousand. - Interest-bearing deposit accounts: $1,111,875 thousand vs. $1,092,252 thousand. - Savings accounts: $918,557 thousand vs. $887,402 thousand. - Money market deposit accounts: $958,413 thousand vs. $945,313 thousand. - Governmental deposit accounts: $842,087 thousand vs. $739,939 thousand. - Brokered CDs: $262,550 thousand vs. $416,099 thousand. - Non-interest-bearing deposits: $1,586,514 thousand vs. $1,545,428 thousand. #### Cash Flow - **Net cash provided by operating activities**: $34,516 thousand for Q1 2026 vs. $34,276 thousand for Q1 2025. - **Net cash used in investing activities**: - $10,848 thousand for Q1 2026 vs. - $17,647 thousand for Q1 2025. - **Net cash used in financing activities**: - $22,228 thousand for Q1 2026 vs. - $47,315 thousand for Q1 2025. - **Net increase (decrease) in cash and cash equivalents**: $1,440 thousand for Q1 2026 vs. - $30,686 thousand for Q1 2025. #### Unique Metrics - **Nonaccrual and Past Due Loans**: Nonaccrual loans were flat at March 31, 2026, compared to December 31, 2025, with 98.9% of the loan portfolio considered “current” at March 31, 2026, up from 98.6% at December 31, 2025. - **Collateral Dependent Loans**: Collateral dependent loans increased to $16,526 thousand at March 31, 2026, from $7,738 thousand at December 31, 2025, primarily due to a large commercial real estate and construction loan relationship. - **Loan Modifications**: During Q1 2026, $3,260 thousand in loans were restructured, with $702 thousand in payment deferrals and $2,558 thousand in term extensions. - **Other Intangible Assets**: Total other intangible assets were $28,402 thousand at March 31, 2026, down from $30,120 thousand at December 31, 2025, with a weighted-average amortization period of 6.6 years. - **Interest Rate Swaps (Cash Flow Hedges)**: As of March 31, 2026, Peoples Bancorp Inc. had five interest rate swap contracts designated as cash flow hedges, with an aggregate notional value of $45.0 million, hedging brokered CDs. #### Future Outlook and Strategy Peoples Bancorp Inc. announced a definitive merger agreement to acquire Citizens National Corporation for approximately $76.6 million, expected to close in the second half of 2026, pending approvals. The Federal Reserve Board has indicated potential future interest rate reductions, following previous cuts that lowered the Federal Funds Target Rate to 3.50% to 3.75%. Peoples Bancorp Inc. is also evaluating the impact of ASU 2025-08 on financial instruments related to purchased loans, effective for fiscal years beginning after December 15, 2026. ### Related Stocks - [PEBO.US](https://longbridge.com/en/quote/PEBO.US.md) ## Related News & Research - [Peoples Bancorp Inc. $PEBO Shares Bought by UBS Group AG](https://longbridge.com/en/news/287177322.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Ealixir Reports First Quarter 2026 Results | EAXR Stock News](https://longbridge.com/en/news/287216349.md)