Peoples Bancorp reports Q3 2026 results, net income rises to $32.6 million

Peoples Bancorp Inc. (NASDAQ:PEBO) reported financial results for the third quarter ended September 30, 2026. The company released the information Monday in a statement based on a recent SEC filing.

For the quarter, net income was $32.6 million, up from $29.5 million in the same period last year. Net interest income for the three months ended September 30, 2026, was $93.8 million, compared to $91.3 million in the third quarter of 2025. Total non-interest income for the quarter was $25.6 million, while total non-interest expense was $74.5 million. The stock has delivered strong returns with a 32% gain year-to-date, though InvestingPro analysis suggests shares are currently trading above their Fair Value.

The efficiency ratio for the quarter was 58.50%, compared to 57.11% in the prior-year period. Return on average assets for the quarter was 1.36%, up from 1.22% in the same period last year. Return on average stockholders’ equity was 10.44%, compared to 10.06% for the third quarter of 2025.

At September 30, 2026, total assets were $9.65 billion, and total stockholders’ equity was $1.23 billion. Tangible book value per common share was $23.35, with 35,961,276 common shares outstanding at quarter end.

Peoples Bancorp management held a conference call on October 20 to discuss these results. The company’s statement also provided reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.

All financial data is based on the company’s press release statement and the related SEC filing.

In other recent news, Peoples Bancorp reported its third-quarter 2026 financial results, showcasing a mixed performance. The bank’s adjusted earnings per share (EPS) came in at $1.04, surpassing Wall Street’s consensus estimate of $0.93. This represents an 11.83% beat, attributed to stronger core banking results. However, revenue for the quarter was reported at $119.45 million, which fell short of the expected $123.43 million. Despite the revenue miss, the company’s earnings performance was positively received. In related developments, the bank’s stock experienced a notable pre-market trading rise. These recent developments underscore the importance of earnings results for investors.