NASDAQ$PEBO
Peoples Bancorp Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported record quarterly earnings and improved diluted earnings per share.
People's Bancorp reported record quarterly earnings of $33.8 million, with diluted earnings per share improving to $0.96. The company's return on average stockholders' equity grew to 13.4%, and the efficiency ratio improved to 56%. Loan-to-deposit ratio declined slightly, and nonperforming assets decreased by 8%.
- Record quarterly earnings of $33.8 million were reported.
- Diluted earnings per share improved to $0.96.
- Return on average stockholders' equity grew to 13.4%.
- Efficiency ratio improved to 56%.
Headline financials
Revenue & EPS history
Peoples Bancorp · Revenue · Quarterly
$115M
Forward guidance
People's Bancorp provided guidance for 2024, expecting net interest income to be affected by the Limestone merger and potential market interest rate reductions. Fee-based income growth is projected in the high-single-digit to low-double-digit percentages. Loan growth for 2024 is expected to be between 6% and 8%.
Tailwinds
- Net interest income to benefit from the full year impact of the Limestone merger.
- Fee-based income growth expected in the high-single-digit to low-double-digit percentages compared to 2023.
- Loan growth for 2024 expected to be between 6% and 8% compared to 2023.
Headwinds
- Net interest income to be impacted by the projected market interest rate reductions in 2024.
- Potential for deposit rates to move higher as competition accelerates if rates were to stay flat for 2024.
- Anticipate an increase in our provision for credit losses during 2024.
- Do not anticipate having positive operating leverage for 2024 compared to 2023, given the technology investments.
- First quarter expenses are generally higher due to expenses typically recognized during the first quarter.
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 2023
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro