NASDAQ$PEBO
Peoples Bancorp Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported a net income of $26.8 million for the fourth quarter, or $0.95 in diluted earnings per share, with record quarterly total revenue and expanded net interest margin.
Peoples Bancorp reported a strong fourth quarter with record revenue, expanded net interest margin, and positive operating leverage. Net income for the quarter was $26.8 million, or $0.95 per diluted share. The company also highlighted record pre-tax pre-provision net revenue and improved return on average stockholders' equity.
- Record quarterly total revenue of over $90 million.
- Net interest margin expanded by 27 basis points compared to the linked quarter.
- Annualized loan growth of 8% compared to the linked quarter.
- Efficiency ratio lowered to 56.7% compared to 57.2% for the linked quarter.
Headline financials
Revenue & EPS history
Peoples Bancorp · Revenue · Quarterly
$90.5M
Forward guidance
Peoples Bancorp expects net interest income to continue to grow due to the Limestone Merger and the full-year benefits of higher market interest rates. The company anticipates loan growth and fee-based income percentage growth, along with a 20% increase in total non-interest expenses. The efficiency ratio is expected to be between 55% and 57% for the full year, including Limestone.
Tailwinds
- Net interest income to continue to grow due to the Limestone Merger.
- Full year benefits of higher market interest rates as loans reprice.
- Loan growth of between 25 and 30%, including Limestone balances.
- Annual organic growth without acquired loans to be between 5 to 7%.
- Fee-based income percentage growth to be in the low double-digits compared to 2022.
Headwinds
- Net interest margin expansion to slow as funding costs increase.
- Anticipating a 20% increase in total non-interest expenses for 2023, excluding acquisition-related expenses.
- Expect efficiency ratio to be between 55% and 57% for the full year, including Limestone.
- Believe there will be an increase of about 5 basis points in net charge-off rate during 2023, compared to 2022.
- First quarter expenses are generally higher due to employer contributions to health savings accounts, stock-based compensation expense, higher payroll taxes, and annual merit increases.
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 Q4 2022
+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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