Ohio-headquartered Peoples Bancorp Inc. (PEBO) on Tuesday reported higher net interest income for the first quarter ended March 31, 2024.
Net Income for the quarter stood at $29.6 million or $0.84 per share as compared with $26.6 million or 0.94 per share in the first quarter of 2023.
Adjusted net income for the period was $29.8 million as compared with $28.7 million in the prior-year period.
7 analysts polled by Thomson Reuters were expecting the company to report earnings of 0.8 per share. Analysts typically exclude one-time items.
Net interest income increased to $86.6 million, from $72.9 million in the quarter ended March 2023.
Non-interest income increased to $25.8 million, from $19.1 million in the quarter ended March 2023.
6 analysts polled by Thomson Reuters were expecting the company to report revenues of $109.74 million.
For comments and feedback contact: editorial@rttnews.com
Business News
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.