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Peoples Bancorp Inc. (PEBO)
NASDAQ:PEBO
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.75Last Year’s EPS
1.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 4.13%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Neutral
The call presented a mixed picture with improvements in earnings, deposits, and efficiency, but was offset by challenges in credit quality and increased net charge-offs, particularly in the small ticket leasing division.Company Guidance
During the Q3 2024 earnings call for Peoples Bancorp Inc. (PEBO), guidance for the fourth quarter and preliminary expectations for 2025 were provided. For Q4 2024, the company anticipates net interest income and net interest margin to modestly decline, with the net interest margin expected to be between 4% and 4.1%, following a 50 basis point rate cut by the Federal Reserve. Fee-based income is projected to remain stable, excluding any early termination gains on leases, while noninterest expenses are estimated to range from $67 million to $69 million. The company expects full-year loan growth between 4% and 6%, acknowledging potential paydowns and charge-offs, with an anticipated full-year net charge-off rate of 30 to 35 basis points. Looking ahead to 2025, Peoples Bancorp forecasts positive operating leverage, with return on average assets improving compared to 2024. Assuming an additional 50 basis points in rate reductions by the Federal Reserve, net interest margin is expected to stabilize between 4% and 4.2%. Fee-based income growth is projected in the mid- to high single digits, while noninterest expenses are estimated to be $69 million to $71 million per quarter, excluding noncore expenses. Loan growth is expected to continue at 4% to 6% compared to 2024, with the provision for credit losses remaining similar to 2024's quarterly run rate.Improved Financial Performance
Diluted earnings per share improved to $0.89 from $0.82 in the previous quarter, with a year-over-year increase from $2.47 to $2.55 for the first 9 months of 2024.
Increased Net Interest Income
Net interest income improved by 3% quarter-over-quarter, with a 9 basis point expansion in net interest margin.
Deposit Growth
Total deposits increased by $185 million, with over $100 million from client deposits.
Efficiency Ratio Improvement
Efficiency ratio improved to 55.1% from 59.2% in the previous quarter.
Accretion Income Contribution
Accretion income added 39 basis points to net interest margin in the third quarter.
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PEBO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PEBO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $30.06 | $30.21 | +0.50% |
| Jul 23, 2024 | $32.48 | $32.75 | +0.83% |
| Apr 23, 2024 | $27.45 | $28.07 | +2.26% |
| Jan 23, 2024 | $30.80 | $29.56 | -4.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Peoples Bancorp Inc. (PEBO) report earnings?
Peoples Bancorp Inc. (PEBO) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is Peoples Bancorp Inc. (PEBO) earnings time?
Peoples Bancorp Inc. (PEBO) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PEBO EPS forecast?
PEBO EPS forecast for the fiscal quarter 2024 (Q4) is 0.75.
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