Peoples Bancorp Third Quarter 2024 Earnings: Beats Expectations

Peoples Bancorp (NASDAQ:PEBO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$107.0m (down 4.9% from 3Q 2023).
• Net income: US$31.4m (flat on 3Q 2023).
• Profit margin: 29% (up from 28% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.90 (down from US$0.91 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Peoples Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.1%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Peoples Bancorp that you should be aware of.

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