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Peoples Bancorp Inc. (PEBO) is a diversified financial services holding company headquartered in Marietta, Ohio. The company operates primarily through its subsidiaries, offering a wide range of financial products and services, including banking, insurance, investment, and leasing solutions. Peoples Bancorp aims to be the Best Community Bank in America, providing services through financial service offices, ATMs, and online resources across several states in the U.S..
- Net Interest Income - Generates income from interest earned on loans and other interest-earning assets minus interest paid on deposits and borrowings.
- Non-Interest Income - Includes income from fee-based businesses such as insurance, investments, electronic banking, deposit account service charges, and other miscellaneous sources.
- Electronic Banking - Provides electronic banking services contributing significantly to non-interest income.
- Insurance Revenue - Offers a range of insurance products, including property & casualty, life, and health insurance.
- Trust & Investments - Offers brokerage services, fiduciary and trust services, and asset management.
- Deposit Account Service Charges - Generates revenue from service charges on deposit accounts.
- Other Revenue - Includes various other sources of income contributing to non-interest income.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Douglas V. Wyatt ExecutiveBoard | Executive Vice President, Chief Commercial Banking Officer | Member of the Board of Managers of Vantage Financial, LLC since March 2022 | Douglas V. Wyatt has been the Executive Vice President, Chief Commercial Banking Officer at PEBO since April 2017. Previously, he served as Executive Vice President, Commercial Banking from April 2016 to April 2017. | |
Matthew M. Edgell ExecutiveBoard | Executive Vice President, Chief of Staff | Matthew M. Edgell is the Executive Vice President, Chief of Staff at PEBO since January 2023, where he oversees strategic initiatives and operational functions. Previously, he advanced through several senior roles including Senior Vice President positions in Finance, Credit Administration, Human Resources, and Treasury at the company. | ||
Hugh J. Donlon Executive | Executive Vice President, Community Banking | Hugh J. Donlon has served as Executive Vice President, Community Banking at PEBO since September 5, 2023, after notable roles at Alma Bank, Astoria Bank, and Citibank, where he developed extensive expertise in lending and banking operations. | ||
Jason M. Eakle Executive | Executive Vice President, Chief Credit Officer | Jason M. Eakle serves as the Executive Vice President, Chief Credit Officer at Peoples Bancorp Inc. and Peoples Bank since October 2020. He has a strong background in credit management with previous roles such as Senior Vice President, Senior Commercial Underwriter from 2016 to 2020. | ||
Kathryn M. Bailey Executive | Executive Vice President, Chief Financial Officer, and Treasurer | Kathryn M. Bailey is the Executive Vice President, Chief Financial Officer, and Treasurer at Peoples Bancorp Inc. (PEBO) since October 2020. She joined the company in May 2011 and has held several key financial roles, contributing significantly to its growth and stability. | ||
M. Ryan Kirkham Executive | Executive Vice President, General Counsel, and Corporate Secretary | M. Ryan Kirkham has served as the Executive Vice President, General Counsel, and Corporate Secretary at Peoples Bancorp Inc. (PEBO) since January 2019, bringing extensive legal and corporate governance expertise from his previous roles at the company and its subsidiaries. | ||
Mark J. Augenstein Executive | Executive Vice President, Operations | Mark J. Augenstein is the Executive Vice President, Operations at PEBO since October 2020. Previously, he served as Senior Vice President, Operations from July 2012 to September 2020 and as Vice President, Operations from May 2007 to June 2012. | ||
Matthew J. Macia Executive | Executive Vice President, Chief Risk Officer | Matthew J. Macia serves as Executive Vice President, Chief Risk Officer at PEBO since August 2024. He joined PEBO on August 21, 2023 and brings extensive experience in risk management from previous roles at major financial institutions. | ||
Tyler J. Wilcox Executive | President and Chief Executive Officer | Tyler J. Wilcox is the President and Chief Executive Officer of Peoples Bancorp Inc. and Peoples Bank since March 31, 2024. He has built an extensive career at PEBO, having served in roles from Associate Counsel to Senior Executive Vice President, Chief Operating Officer, driving growth and operational excellence. | View Report → | |
Brooke W. James Board | Director at Peoples Bancorp Inc. | Co-owner and Partner at WMSALL Farms | Brooke W. James has served as a Director at Peoples Bancorp Inc. since 2015 and currently chairs the Governance and Nominating Committee while also serving on the Compensation and Executive Committees. | |
Carol A. Schneeberger Board | Director of Peoples Bancorp Inc. and Peoples Bank | Marietta Community Foundation; Marietta Area Health Care, Inc. | Carol A. Schneeberger has served as Director at PEBO since January 23, 2023. She previously held executive roles including Executive Vice President and Chief Administrative Officer from July 2011 to March 31, 2020 and interim CFO from April 2007 to May 2008. | |
David F. Dierker Board | Director | David F. Dierker has served as a Director at Peoples Bancorp Inc. since 2014 and is the Chair of the Audit Committee. He brings over 36 years of financial experience, including a tenure as Chief Administrative Officer at SunTrust Banks, Inc. from 2006 to 2013. | ||
Dwight E. Smith Board | Director of Peoples Bancorp Inc. and Peoples Bank | Director at Nationwide Children’s Hospital; Director at Online Computer Library Center; Director at Highlights Foundation; Director at My Special Word | Dwight E. Smith has served as a board director at PEBO since February 23, 2023 and holds memberships in the Executive, Audit, Compensation, and Governance and Nominating Committees. He brings significant leadership experience from his roles in technology companies and as a board member for various organizations. | |
Frances A. Skinner Board | Director at Peoples Bancorp Inc. | Partner and Co-founder of AUM Partners, LLC; Independent Corporate Director for Fenimore Asset Management; Vice-President of Women Investment Professionals | Frances A. Skinner has served as a director at PEBO since 2021, bringing over 35 years of experience in investment management, finance, leadership, and consulting. She is also a recognized audit committee financial expert serving on the Audit and Compensation Committees at PEBO. | |
Kevin R. Reeves Board | Director at Peoples Bancorp Inc. | Head of US Markets in Zero Carbon Energy for BP’s Gas & Low Carbon Energy Group | Kevin R. Reeves has served as a director at Peoples Bancorp Inc. since 2022, bringing over 25 years of expertise in commodity risk management within the energy industry. He also serves as Head of US Markets in Zero Carbon Energy for BP’s Gas & Low Carbon Energy Group since January 2022, adding significant operational insight from his executive role. | |
Michael N. Vittorio Board | Director | Michael N. Vittorio has over 45 years of banking experience, including significant leadership as a CEO at previous institutions, and has been serving as Director at PEBO since 2021. | ||
S. Craig Beam Board | Director | Co-Owner of Thorobeam Farm, LLC; Private Investor | S. Craig Beam has served as a Director at Peoples Bancorp Inc. since 2015. He has been actively involved in PEBO governance by serving on various committees during the 2023 and 2024 fiscal years. | |
Susan D. Rector Board | Chairwoman of the Board of Peoples Bancorp Inc. and Peoples Bank | Partner at Peterson Connors LLP | Susan D. Rector has been serving as the Chairwoman of the Board at PEBO since October 2020 and has been a Director since 2011. She provides leadership through her board and committee roles, including membership on the Executive and Governance and Nominating Committees. | |
W. Glenn Hogan Board | Director of Peoples Bancorp Inc. | Founder and CEO of Hogan Real Estate | W. Glenn Hogan serves as a director at Peoples Bancorp Inc. since May 24, 2023. He brings extensive experience in governance, having joined key board committees at the company, and is also the Founder and Chief Executive Officer of Hogan Real Estate. |
- Given your strategic patience in M&A discussions to cross the $10 billion threshold, how will you adjust your acquisition pace if market valuations or competitive pressures force a reassessment of target geographies or deal sizes?
- You mentioned aggressive repricing of retail CDs to offset higher funding costs; what are the key risks if deposit behavior changes unexpectedly or market rates outpace your repricing efforts, and how might that impact your net interest margin?
- With mandatory student loan collections on the horizon, how are you modifying your consumer underwriting standards to safeguard credit quality, and what metrics will you watch to detect early signs of increased defaults?
- Your guidance indicates that credit loss provisions should normalize in Q2 despite elevated charge-offs in small ticket leasing; what contingency plans are in place if those charge-offs do not decline as anticipated amid ongoing macroeconomic uncertainty?
- Considering the impact of one-time expenses like stock-based compensation and health savings contributions on your operating expenses, what measures will you take if lower-than-expected loan or fee-based income leads to a deterioration of your operating expense guide?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Limestone Bancorp, Inc. | 2023 | The acquisition, completed on April 30, 2023, was executed as an all‐stock merger where Limestone shareholders received 0.90 shares of Peoples common stock per share; initially valued at about $208.2 million and later finalized at $177.9 million, the deal also integrated 20 Kentucky branches to strengthen Peoples’ regional presence. |
Trust and Investment Business | 2023 | Completed on January 3, 2023, this deal saw Peoples record a total goodwill of $581,000 by June 30, 2023 and an increase of $30 million in brokerage assets under administration, reflecting a strategic expansion into trust and investment services. |
Vantage Financial | 2022 | Finalized on March 7, 2022, Peoples Bank acquired Vantage Financial for a total of $82.9 million (including a $54.0 million cash payment and $28.9 million in recourse debt repayment), obtaining lease assets of approximately $154.9 million and recording $27.2 million in goodwill to expand its equipment leasing capabilities alongside expected earnings per share accretion. |
Recent press releases and 8-K filings for PEBO.
- EPS of $0.68 was reported for Q1 2025, with management highlighting improvements in asset quality such as lower net charge-offs and reduced nonperforming assets.
- Loan growth reached 4%, driven by increases in commercial real estate, residential real estate, and consumer loans, reinforcing a balanced portfolio.
- Enhanced capital metrics were noted, including a 2% increase in book value per share and a raised quarterly dividend for the 10th consecutive year, underscoring robust performance.
- Reported $24.3 million net income and $0.68 diluted EPS in Q1 2025, with impact from one-time costs of $0.05 and a modest decline in net interest margins due to lower accretion income .
- Declared a quarterly cash dividend of $0.41 per common share (tenth consecutive increase, ~5.9% annualized yield), with dividend totaling roughly $14.6 million (60.1% of earnings); payable May 19, 2025 with record date May 5, 2025 .
- Achieved 4% annualized loan growth driven by commercial real estate and consumer lending, with deposit balances growing by $144.5 million at period-end and overall increases of $241 million (2% overall, core gains over 3%) .
- Noted a net interest margin of 4.12% (down 3 basis points), while margin excluding accretion income expanded by 3 basis points .
- Provision for credit losses rose to $10.2 million, and higher non-interest expenses further pressured earnings .
- Improved asset quality with reductions in criticized and classified loans, along with lower net charge-offs and reduced nonperforming assets .
- The presentation reviews Q4 and FY 2024 financial performance, highlighting key metrics such as a loan-to-deposit ratio of 84%, net income of $27 million in Q4 and $117 million for FY 2024, and record total revenue, demonstrating solid operational results.
- It emphasizes strategic initiatives including a strong focus on risk management, ESG commitments, and technological investments to support long-term growth and shareholder returns.
- The update also covers acquisition activities, share repurchases, and dividend increases over 8 consecutive years, reflecting a commitment to capital optimization and community banking excellence.