Peoples Bancorp Inc. (PEBO): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community bank builds a legacy of over a century? Peoples Bancorp Inc. (PEBO), headquartered in Marietta, Ohio, has done just that since 1902. With $9.3 billion in total assets as of December 31, 2024, and 148 locations, including 129 full-service bank branches, how does PEBO maintain its financial stability and community impact across Ohio, West Virginia, Kentucky, Virginia, Washington D.C., and Maryland? Keep reading to discover the history, ownership structure, mission, and revenue streams that drive this diversified financial services holding company.

Peoples Bancorp Inc. (PEBO) History

Peoples Bancorp Inc. Founding Timeline

Year established

Peoples Bancorp Inc. was established in 1902.

Original location

The company was originally located in Marietta, Ohio.

Founding team members

While specific names of all founding team members are not readily available, the institution was founded by a group of local business leaders and community members in Marietta, Ohio, who sought to create a financial institution that would serve the needs of the local community.

Initial capital/funding

The initial capital or funding amount for Peoples Bancorp Inc. at its founding in 1902 is not specified in the available resources.

Peoples Bancorp Inc. Evolution Milestones

Peoples Bancorp Inc. Transformative Moments

• Strategic Acquisitions: Peoples Bancorp Inc. has grown significantly through strategic acquisitions of other banks, such as Ohio Farmers National Bank, The Community Bank, Belmont National Bank, First National Bank of Jackson, and most notably, Premier Financial Bancorp, Inc. These acquisitions have expanded its market presence and service capabilities.
• Reorganization into a Holding Company (1982): This pivotal move provided greater flexibility for diversification and expansion, paving the way for future growth and strategic initiatives.
• Focus on Community Banking: Maintaining a strong focus on community banking principles has allowed Peoples Bancorp Inc. to build lasting relationships with customers and support local economic development.
• Expansion of Services: Over the years, Peoples Bancorp Inc. has expanded its range of financial services to meet the evolving needs of its customers, including wealth management, insurance, and investment services.
• Digital Transformation: Investment in technology and digital banking solutions has allowed Peoples Bancorp Inc. to enhance customer experience and remain competitive in the digital age.

To gain more insights into the company's guiding principles, explore Mission Statement, Vision, & Core Values of Peoples Bancorp Inc. (PEBO).

Peoples Bancorp Inc. (PEBO) Ownership Structure

Understanding Peoples Bancorp Inc.'s ownership structure provides valuable insights into its governance and strategic direction. A mix of institutional and individual investors influences the company.

Peoples Bancorp Inc.'s Current Status

Peoples Bancorp Inc. is a publicly traded company, meaning its shares are available for purchase on the open market. It is listed on the NASDAQ under the ticker symbol PEBO. As a public company, it is subject to regulatory requirements and reports its financial performance regularly.

Peoples Bancorp Inc.'s Ownership Breakdown

The ownership of Peoples Bancorp Inc. is distributed among various types of shareholders. Here's an overview:

Understanding the financial health of Peoples Bancorp Inc. is crucial for investors. For detailed insights, check out: Breaking Down Peoples Bancorp Inc. (PEBO) Financial Health: Key Insights for Investors

Peoples Bancorp Inc.'s Leadership

The leadership team at Peoples Bancorp Inc. plays a vital role in setting the strategic direction and overseeing the company's operations. Key members of the leadership team include:

• Benjamin K. Miller: President and Chief Executive Officer
• Katie Bailey: Executive Vice President and Chief Financial Officer

Peoples Bancorp Inc. (PEBO) Mission and Values

Peoples Bancorp Inc. aims to deliver strong financial performance while upholding its core values of integrity, community focus, and customer dedication.

Peoples Bancorp's Core Purpose

Official mission statement

While a specific, publicly available formal mission statement for Peoples Bancorp Inc. isn't readily accessible, their dedication can be seen via their actions and stated values. The bank focuses on:

• Providing financial solutions to customers.
• Supporting the economic growth and well-being of the communities it serves.
• Maintaining a strong and stable financial institution.

Vision statement

Similarly, a formal vision statement isn't publicly available. However, based on their corporate actions and communications, the vision can be inferred as:

• To be the leading community bank in the markets they serve.
• To create long-term value for shareholders.
• To be an employer of choice, attracting and retaining talented individuals.

Company slogan/tagline

Peoples Bancorp Inc. does not have a widely publicized official slogan or tagline. For more insights into the company's financial standing, check out: Breaking Down Peoples Bancorp Inc. (PEBO) Financial Health: Key Insights for Investors

Peoples Bancorp Inc. (PEBO) How It Works

Peoples Bancorp Inc. operates as a financial holding company, providing a range of banking and financial services to individuals, businesses, and organizations. It primarily generates revenue through interest income from loans and investment securities, as well as fees from various banking services.

Peoples Bancorp Inc.'s Product/Service Portfolio

Peoples Bancorp Inc.'s Operational Framework

Peoples Bancorp Inc. operates through a network of community banking offices and digital channels. Its operational framework includes:

• Deposit Gathering: Attracts deposits from customers through various savings and checking accounts, which provide the funds for lending activities.
• Credit Underwriting: Assesses the creditworthiness of loan applicants through a detailed review process to minimize risk.
• Relationship Management: Focuses on building long-term relationships with customers by providing personalized service and tailored financial solutions.
• Risk Management: Implements comprehensive risk management practices to monitor and mitigate financial, operational, and compliance risks.
• Investment Management: Manages its investment portfolio to optimize returns while maintaining liquidity and safety.

Peoples Bancorp Inc.'s Strategic Advantages

Peoples Bancorp Inc. maintains several strategic advantages that contribute to its market success:

• Community Focus: Strong local presence and commitment to serving the financial needs of its communities.
• Diversified Product Offerings: A broad range of banking, wealth management, and insurance products to meet diverse customer needs.
• Experienced Management Team: Leadership with extensive experience in the financial services industry.
• Sound Financial Performance: Consistent profitability and strong capital position. In the 2024 fiscal year, Peoples Bancorp reported net income available to common shareholders of $78.7 million, or $3.44 per diluted common share. Total assets reached $8.9 billion as of December 31, 2024.
• Technology Investments: Investments in digital banking platforms and technology to enhance customer experience and operational efficiency.

Discover more about the investors behind Peoples Bancorp Inc.: Exploring Peoples Bancorp Inc. (PEBO) Investor Profile: Who’s Buying and Why?

Peoples Bancorp Inc. (PEBO) How It Makes Money

Peoples Bancorp Inc. primarily generates revenue through traditional banking activities, including taking deposits and originating loans. They profit from the interest rate spread, which is the difference between the interest earned on loans and the interest paid on deposits, as well as from fees for various banking services.

Peoples Bancorp Inc.'s Revenue Breakdown

Peoples Bancorp Inc.'s Business Economics

Peoples Bancorp Inc.'s business economics are driven by several key factors:

• Interest Rate Spread: The bank's profitability heavily relies on the difference between the interest it earns on loans and the interest it pays on deposits. Wider spreads generally lead to higher profits.
• Loan Volume: The amount of loans the bank originates directly impacts its interest income. Growth in loan volume is crucial for revenue expansion.
• Fee Income: Fees for services like account maintenance, overdrafts, and wealth management contribute to the bank's non-interest income, diversifying its revenue streams.
• Operating Efficiency: Managing operating expenses efficiently is vital for maximizing profitability. A lower efficiency ratio (operating expenses as a percentage of revenue) indicates better cost control.
• Asset Quality: Maintaining a high quality loan portfolio, with low levels of non-performing assets, is essential for minimizing losses and ensuring financial stability.

Peoples Bancorp Inc.'s Financial Performance

Key aspects of Peoples Bancorp Inc.'s recent financial performance include:

• Net Interest Income: A significant portion of the bank's revenue comes from net interest income, which is the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits).
• Non-Interest Income: This includes income from sources other than interest, such as service fees, wealth management, and other banking activities.
• Asset Quality: Monitoring the levels of non-performing assets (NPAs) is crucial. Lower NPAs indicate a healthier loan portfolio.
• Capital Ratios: Maintaining adequate capital ratios is essential for regulatory compliance and financial stability. Key ratios include Tier 1 capital ratio and total capital ratio.
• Profitability Ratios: Ratios like Return on Assets (ROA) and Return on Equity (ROE) measure how efficiently the bank is using its assets and equity to generate profits.

For an in-depth analysis, see: Breaking Down Peoples Bancorp Inc. (PEBO) Financial Health: Key Insights for Investors

Peoples Bancorp Inc. (PEBO) Market Position & Future Outlook

Peoples Bancorp Inc. is strategically positioned to leverage its community banking model and expanding digital capabilities for sustained growth; however, it faces challenges related to interest rate volatility and increasing competition. For further insights into the company's financial well-being, you can explore this analysis: Breaking Down Peoples Bancorp Inc. (PEBO) Financial Health: Key Insights for Investors.

Competitive Landscape

Opportunities & Challenges

Industry Position

Peoples Bancorp Inc. operates as a community bank, focusing on providing traditional banking services to individuals and small to medium-sized businesses. Key aspects of their industry position include:

• Emphasis on relationship banking and personalized customer service.
• A strong presence in local communities, fostering customer loyalty.
• Increasing investments in technology to enhance digital offerings.
• Prudent risk management practices to maintain financial stability.