Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 26, 2026 (October 20, 2026)
PEOPLES BANCORP INC.
(Exact name of Registrant as specified in its charter)
Ohio
000-16772
31-0987416
(State or other jurisdiction
(Commission File
(I.R.S. Employer
of incorporation)
Number)
Identification Number)
138 Putnam Street, PO Box 738
Marietta,
Ohio
45750-0738
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(740)
373-3155
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
T
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common shares, without par value
PEBO
The Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On October 20, 2026, management of Peoples Bancorp Inc. (“Peoples”) conducted a facilitated conference call at approximately 11:00 a.m., Eastern Standard Time, to discuss results of operations for the quarter and fiscal year ended September 30, 2026. A replay of the conference call audio will be available on Peoples’ website, www.peoplesbancorp.com, in the “Investor Relations” section for one year. A copy of the transcript of the conference call is included as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 2.02 and Exhibit 99.1 included with this Current Report on Form 8-K, is being furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.
During the conference call, management referred to non-Generally Accepted Accounting Principles ("US GAAP") financial measures that are used by management to provide information useful to investors in understanding Peoples' operating performance and trends, and to facilitate comparisons with the performance of Peoples' peers. The following tables show the differences between the non-US GAAP financial measures referred to during the conference call and the most directly comparable US GAAP-based financial measures.
Three Months Ended
Nine Months Ended
September 30,
June 30,
September 30,
September 30,
(Dollars in thousands)
2026
2026
2025
2026
2025
Efficiency ratio:
Total non-interest expense
$
74,540
$
72,759
$
69,894
$
218,934
$
211,043
Less: amortization of other intangible assets
1,697
1,697
2,211
5,091
6,635
Adjusted total non-interest expense
72,843
71,062
67,683
213,843
204,408
Total non-interest income
25,645
20,378
23,827
74,277
77,806
Less: net (loss) gain on investment securities
(4,512)
(8,181)
(2,580)
(12,693)
(2,582)
Less: net loss on asset disposals and other transactions
(311)
(446)
(478)
(1,167)
(1,119)
Total non-interest income, excluding net gains and losses
30,468
29,005
26,885
88,137
81,507
Net interest income
93,842
92,728
91,349
276,990
264,181
Add: fully tax-equivalent adjustment (a)
211
221
279
677
842
Net interest income on a fully tax-equivalent basis
94,053
92,949
91,628
277,667
265,023
Adjusted revenue
$
124,521
$
121,954
$
118,513
$
365,804
$
346,530
Efficiency ratio
58.50
%
58.27
%
57.11
%
58.46
%
58.99
%
(a) Tax effect is calculated using a 21% statutory federal corporate income tax rate.
At or For the Three Months Ended
September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in thousands, except per share data)
2026
2026
2026
2025
2025
Tangible equity:
Total stockholders' equity
$
1,227,903
$
1,236,551
$
1,216,040
$
1,206,602
$
1,182,776
Less: goodwill and other intangible assets
388,305
389,963
391,601
393,319
395,535
Tangible equity
$
839,598
$
846,588
$
824,439
$
813,283
$
787,241
Tangible assets:
Total assets
$
9,652,095
$
9,540,161
$
9,648,087
$
9,649,630
$
9,623,944
Less: goodwill and other intangible assets
388,305
389,963
391,601
393,319
395,535
Tangible assets
$
9,263,790
$
9,150,198
$
9,256,486
$
9,256,311
$
9,228,409
Tangible book value per common share:
Tangible equity
$
839,598
$
846,588
$
824,439
$
813,283
$
787,241
Common shares outstanding
35,961,276
35,939,954
35,925,945
35,714,484
35,705,369
Tangible book value per common share
$
23.35
$
23.56
$
22.95
$
22.77
$
22.05
Tangible equity to tangible assets ratio:
Tangible equity
$
839,598
$
846,588
$
824,439
$
813,283
$
787,241
Tangible assets
$
9,263,790
$
9,150,198
$
9,256,486
$
9,256,311
$
9,228,409
Tangible equity to tangible assets
9.06
%
9.25
%
8.91
%
8.79
%
8.53
%
Three Months Ended
Nine Months Ended
September 30,
June 30,
September 30,
September 30,
(Dollars in thousands)
2026
2026
2025
2026
2025
Pre-provision net revenue:
Income before income taxes
$
41,378
$
35,638
$
38,002
$
114,361
$
96,832
Add: provision for credit losses
3,569
4,709
7,280
17,972
24,787
Add: net loss on OREO
(403)
—
—
(377)
(30)
Add: net loss on investment securities
4,512
8,181
2,580
12,693
2,582
Add: net loss on other assets
366
453
424
1,203
1,021
Add: net loss on other transactions
348
(7)
54
341
128
Pre-provision net revenue
$
49,770
$
48,974
$
48,340
$
146,193
$
134,645
Three Months Ended
Nine Months Ended
September 30,
June 30,
September 30,
September 30,
(Dollars in thousands)
2026
2026
2025
2026
2025
Annualized net income adjusted for non-core items:
Net income
$
32,606
$
27,953
$
29,476
$
89,565
$
75,024
Add: net loss on investment securities
4,512
8,181
2,580
12,693
2,582
Less: tax effect of net loss on investment securities (a)
948
1,718
542
2,666
542
Add: net loss on asset disposals and other transactions
311
446
478
1,167
1,119
Less: tax effect of net loss on asset disposals and other transactions (a)
65
94
100
245
235
Net income adjusted for non-core items
$
37,599
$
35,092
$
31,892
$
102,034
$
77,948
Days in the period
92
91
92
273
273
Days in the year
365
365
365
365
365
Annualized net income
$
129,361
$
112,119
$
116,943
$
119,748
$
100,307
Annualized net income adjusted for non-core items
$
149,170
$
140,754
$
126,528
$
136,419
$
104,216
Return on average assets:
Annualized net income
$
129,361
$
112,119
$
116,943
$
119,748
$
100,307
Total average assets
$
9,482,366
$
9,586,326
$
9,574,270
$
9,556,165
$
9,355,628
Return on average assets
1.36
%
1.17
%
1.22
%
1.25
%
1.07
%
Return on average assets adjusted for non-core items:
Annualized net income adjusted for non-core items
$
149,170
$
140,754
$
126,528
$
136,419
$
104,216
Total average assets
$
9,482,366
$
9,586,326
$
9,574,270
$
9,556,165
$
9,355,628
Return on average assets adjusted for non-core items
1.57
%
1.47
%
1.32
%
1.43
%
1.11
%
(a) Tax effect is calculated using a 21% statutory federal corporate income tax rate.
For the Three Months Ended
Nine Months Ended
September 30,
June 30,
September 30,
September 30,
(Dollars in thousands)
2026
2026
2025
2026
2025
Annualized net income excluding amortization of other intangible assets:
Net income
$
32,606
$
27,953
$
29,476
$
89,565
$
75,024
Add: amortization of other intangible assets
1,697
1,697
2,211
5,091
6,635
Less: tax effect of amortization of other intangible assets (a)
356
356
464
1,069
1,393
Net income excluding amortization of other intangible assets
$
33,947
$
29,294
$
31,223
$
93,587
$
80,266
Days in the period
92
91
92
273
273
Days in the year
365
365
365
365
365
Annualized net income
$
129,361
$
112,119
$
116,943
$
119,748
$
100,307
Annualized net income excluding amortization of other intangible assets
$
134,681
$
117,498
$
123,874
$
125,125
$
107,315
Average tangible equity:
Total average stockholders' equity
$
1,239,565
$
1,228,192
$
1,162,768
$
1,228,786
$
1,144,440
Less: average goodwill and other intangible assets
389,131
390,753
396,636
390,779
406,619
Average tangible equity
$
850,434
$
837,439
$
766,132
$
838,007
$
745,484
Return on average stockholders' equity ratio:
Annualized net income
$
129,361
$
112,119
$
116,943
$
119,748
$
100,307
Average stockholders' equity
$
1,239,565
$
1,228,192
$
1,162,768
$
1,228,786
$
1,144,440
Return on average stockholders' equity
10.44
%
9.13
%
10.06
%
9.75
%
8.76
%
Return on average tangible equity ratio:
Annualized net income excluding amortization of other intangible assets
$
134,681
$
117,498
$
123,874
$
125,125
$
107,315
Average tangible equity
$
850,434
$
837,439
$
766,132
$
838,007
$
745,484
Return on average tangible equity
15.84
%
14.03
%
16.17
%
14.93
%
14.40
%
(a)Tax effect is calculated using a 21% statutory federal corporate income tax rate.
Transcript of conference call conducted by management of Peoples Bancorp Inc. on October 20, 2026 to discuss results of operations for the quarter ended September 30, 2026
104
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PEOPLES BANCORP INC.
Date:
October 26, 2026
By:/s/
KATHRYN BAILEY
Kathryn Bailey
Executive Vice President, Chief Financial Officer and Treasurer
