NASDAQ$PEBO
Peoples Bancorp Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported diluted earnings per share and net income, demonstrating growth in net interest income and margin, driven by acquired leases and controlled expenses.
Peoples Bancorp reported a strong second quarter with diluted earnings per share of $0.51 and net income of $10.1 million. Key highlights include net interest income growth, expansion of net interest margin, increased fee-based income, and total revenue growth. The acquisition of North Star Leasing division positively impacted net interest income and margin.
- Total loan balances declined 1% for the quarter, but had loan growth of 4% annualized compared to the linked quarter-end, excluding PPP loans and the lease balances.
- Net interest income growth of 11% compared to the linked quarter, with a 19 basis point expansion of net interest margin.
- Fee-based income increased 10% compared to the second quarter of 2020.
- Total revenue grew 13% compared to the second quarter of 2020.
Headline financials
Revenue & EPS history
Peoples Bancorp · Revenue · Quarterly
$142K
Forward guidance
Peoples Bancorp anticipates core non-interest expenses between $37 and $38 million per quarter for the third and fourth quarters of 2021, excluding the Premier acquisition. They expect loan growth of 3% to 5% annualized for the full year, excluding PPP loans and acquired loans and leases. The company is highly confident that they will beat the current street consensus earnings per share projection of $2.99 for 2022.
Tailwinds
- Anticipates core non-interest expenses, excluding the Premier acquisition, will range between $37 and $38 million a quarter.
- Expects to produce loan growth of between 3% and 5% annualized for the full year, excluding PPP loans and acquired loans and leases.
- Believes charge-offs from the leasing division might come in slightly lower than originally expected.
- Highly confident that they will beat $2.99 earnings per share projection for 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.1%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+2.0%
Avg return
30 days after
63%
41 / 65 earnings
Positive
+8.4%
Q3 2020
Best reaction
-12.7%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -1.8% | -0.4% | |
| Q4 2025 | +1.2% | +0.6% | +7.7% | |
| Q3 2025 | +1.6% | +4.9% | -0.7% | |
| Q2 2025 | +0.0% | -1.6% | +1.2% | |
| Q1 2025 | +2.0% | +4.0% | +6.9% | |
| Q3 2024 | +1.6% | -0.3% | +15.7% | |
| Q2 2024 | -0.4% | +1.8% | -9.5% | |
| Q1 2024 | +5.2% | +4.2% | +2.6% | |
| Q4 2023 | -7.3% | -3.0% | -5.9% | |
| Q3 2023 | +3.4% | +7.0% | +15.9% | |
| Q2 2023 | +2.7% | +1.0% | -6.2% | |
| Q1 2023 | +1.1% | +1.7% | +3.5% | |
| Q4 2022 | +1.9% | +3.7% | +9.8% | |
| Q3 2022 | -6.2% | -2.5% | -4.6% | |
| Q2 2022 | +5.5% | +8.9% | +8.0% | |
| Q1 2022 | -5.7% | -8.4% | -6.9% | |
| Q4 2021 | +0.3% | -0.8% | -7.2% | |
| Q3 2021 | -5.7% | -3.8% | -0.2% | |
| Q2 2021 | +4.9% | +3.5% | +10.5% | |
| Q1 2021 | +0.6% | +0.2% | -3.8% | |
| Q4 2020 | -1.7% | -2.2% | +1.8% | |
| Q3 2020 | +8.4% | +13.4% | +19.0% | |
| Q2 2020 | +4.0% | +5.5% | +7.4% | |
| Q1 2020 | -6.6% | -5.5% | -3.7% | |
| Q4 2019 | +2.3% | +0.7% | -5.7% | |
| Q3 2019 | +1.5% | +0.5% | +0.3% | |
| Q2 2019 | +2.1% | +2.5% | -1.4% | |
| Q1 2019 | +4.1% | +3.6% | +1.1% | |
| Q4 2018 | +4.3% | +4.7% | +8.4% | |
| Q3 2018 | -0.6% | +0.9% | +1.9% | |
| Q2 2018 | -2.4% | -4.8% | -9.3% | |
| Q1 2018 | +1.2% | -1.1% | +1.2% | |
| Q4 2017 | +2.0% | +5.8% | +2.0% | |
| Q3 2017 | +3.6% | +3.4% | +0.4% | |
| Q2 2017 | +7.6% | +5.3% | -1.1% | |
| Q1 2017 | +2.5% | -0.8% | -8.6% | |
| Q4 2016 | -3.9% | -3.4% | +2.1% | |
| Q3 2016 | +0.4% | +0.4% | +18.0% | |
| Q2 2016 | +1.3% | +1.2% | +6.4% | |
| Q1 2016 | +7.8% | — | — | |
| Q4 2015 | +4.3% | — | — | |
| Q3 2015 | -12.7% | — | — | |
| Q2 2015 | -9.7% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | -8.9% | — | — | |
| Q3 2014 | -6.7% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +2.3% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +2.6% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q4 2010 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q4 2012 | -5.0% | — | — | |
| Q3 2012 | -1.4% | — | — | |
| Q2 2012 | +2.9% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q2 2011 | -4.0% | — | — | |
| Q2 2010 | -4.0% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q1 2010 | -1.8% | — | — |
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