Peoples Bancorp declares quarterly dividend of $0.41 per share

MARIETTA, Ohio - Peoples Bancorp Inc. (NASDAQ:PEBO) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.41 per common share, marking its 52nd consecutive year of dividend payments. According to InvestingPro data, the company has raised its dividend for 9 consecutive years. The dividend will be payable on August 18, 2025, to shareholders of record as of August 4, 2025.

The quarterly dividend represents a total payout of approximately $14.6 million, which equals 69.0% of the company’s reported second quarter 2025 earnings. Based on the closing stock price of $31.62 on July 18, 2025, the dividend produces an annualized yield of 5.19%. The stock currently trades at an attractive P/E ratio of 9.96, and appears undervalued according to InvestingPro’s Fair Value analysis.

Peoples Bancorp Inc., headquartered in Marietta, Ohio since 1902, is a diversified financial services holding company that provides banking, trust and investment, insurance, and premium financing solutions through its subsidiaries. The company maintains a GREAT financial health score according to InvestingPro’s comprehensive analysis, which offers detailed insights through its Pro Research Report covering 1,400+ US equities.

As of June 30, 2025, the company reported total assets of $9.5 billion and operates 145 locations, including 127 full-service bank branches across Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.

The company is included in the Russell 3000 index of U.S. publicly-traded companies, according to the press release statement.

In other recent news, Peoples Bancorp Inc. reported its first-quarter 2025 financial results, revealing a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.68, falling short of the $0.73 forecast, and revenue came in at $112.35 million, slightly below the expected $112.77 million. Despite these misses, the company demonstrated resilience, with fee-based income increasing by over 2% and the tangible book value per share improving by 4% to $20.68. The bank’s adjusted revenue for the quarter was $113 million, with net interest income on a fully tax-equivalent basis reported at $85.5 million.

Additionally, analyst Terry McEvoy from Stephens adjusted the price target for Peoples Bancorp, reducing it to $33.00 from the previous $37.50, while maintaining an Equal Weight rating. This adjustment reflects concerns over higher than expected net charge-offs and credit costs within the small ticket leasing portfolio. Management anticipates the provision for credit losses to remain high in the second quarter before normalizing later in the year.

Peoples Bancorp also reported improvements in its efficiency ratio, which was 60.68% for the quarter, up from 58.06% the previous year. The company’s tangible equity stood at $737.7 million, and tangible assets totaled approximately $8.85 billion as of March 31, 2025. The bank’s annualized net income, excluding amortization of other intangible assets, was $105.8 million, with a return on average tangible equity ratio of 14.66%. Despite these mixed results, Peoples Bancorp remains focused on strategic growth, including potential mergers and acquisitions, as it aims to surpass $10 billion in assets.

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