PEBO Peoples Bancorp, Inc. (Marietta, OH)

$PEBO Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.04 up 15.56% YoY • Reported revenue of $124.52M up 5.07% YoY

$PEBO Peoples Bancorp, an Ohio-based bank with $9.7B in assets, earned $0.91 a diluted share in Q3 2026. The quarter carried a $4.5M loss on selling securities to keep assets under $10B ahead of its Citizens merger, due Oct 30. Q3 net income was $32.6M vs a market value of about $1.31B at $36.47 (16:00 ET, Oct 19). Also pending: an all-stock deal for Capital Bancorp valued at ~$728.1M, leaving Capital holders ~1/3 of the combined bank with ~10.8% initial tangible book dilution; close expected 1H 2027, subject to shareholder and regulatory approvals.

$PEBO Reports Q3 tomorrow before the open. Zacks consensus is 0.92 dollars a share, up just 2.2% year over year, on 123.17 million dollars in revenue, up 6.9%. The consensus has moved though, up 3.54% in the last 30 days, and PEBO has beaten it four quarters in a row. Last quarter was 0.96 vs 0.84 expected, a 14.29% surprise.

Peoples Bancorp announced it will acquire Capital Bancorp in an all-stock transaction valued at approximately $728.1 million. Under the merger terms, Capital shareholders will receive 1.11 Peoples common shares for each Capital share. Based on Peoples’ 20-day volume-weighted average closing price of $39.41 as of September 29, the deal values Capital at $43.75 per share. Former Capital shareholders are expected to own about 32% of the combined company. The combined bank is expected to have approximately $14 billion in total assets, $10 billion in loans and $11 billion in deposits, with more than 150 branches across eight states and Washington, D.C. Capital had $3.9 billion in assets, $3.1 billion in gross loans and $3.4 billion in deposits as of June 30. $PEBO $CBNK