Peoples Bancorp Inc. (PEBO) Tuesday reported an increase in profit for the second quarter, due mainly to recovery of loan losses.
The Marietta, Ohio-based company's second-quarter net profit available to common shareholders was $5.03 million or $0.47 per share, compared to $2.68 million or $0.26 per share last year. On average, three analysts polled by Thomson Reuters expected earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income for the quarter grew to $13.61 million from $13.43 million in the year-ago quarter. Total non-interest income rose to $8.50 million from $7.89 million in the prior-year quarter.
Three analysts had a consensus revenue estimate of $22.13 million for the quarter.
For the quarter, the company posted a $1.12 million recovery of loan losses compared to a provision for loan losses of $2.30 million last year.
Non-interest expense for the quarter advanced to $15.69 million from $14.72 million in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.