Peoples Bancorp posted Q2 2026 net income of $28 million, down 3.45% from Q1 2026; diluted EPS slipped to $0.78 from $0.81.
Net interest margin widened 7 basis points to 4.23% as net interest income rose to $92.7 million, driven by lower deposit costs.
Provision for credit losses fell to $4.7 million from $9.7 million, while net charge-offs eased to $5.2 million from $6.6 million.
Securities loss and acquisition costs weigh on results
Results included an $8.6 million net loss on gains and losses, reflecting an $8.2 million loss on the sale of $135.2 million of available-for-sale securities.
Peoples agreed to buy Citizens National Corp. in a cash-and-stock deal valued at about $76.6 million; acquisition-related expenses totaled $0.4 million.
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