Peoples Bancorp Reports Q1 Results, Announces Board Changes
Ticker: PEBO · Form: 8-K · Filed: Apr 23, 2024 · CIK: 318300
Sentiment: neutral
Topics: results-of-operations, board-changes, executive-compensation
Related Tickers: PEBO
TL;DR
PEBO dropped Q1 numbers & shuffled the board, check compensation details.
AI Summary
Peoples Bancorp Inc. announced on April 23, 2024, its financial results for the period ending March 31, 2024. The filing also disclosed the departure of a director, the election of a new director, and the appointment of new officers, along with details on executive compensation arrangements.
Why It Matters
This filing provides investors with Peoples Bancorp's latest financial performance and updates on key leadership and governance, impacting their assessment of the company's stability and future direction.
Risk Assessment
Risk Level: medium — The filing includes financial results and changes in corporate governance, which can introduce uncertainty and affect investor confidence.
Key Players & Entities
- PEOPLES BANCORP INC (company) — Registrant
- Ohio (location) — State of incorporation
- 31-0987416 (organization_id) — I.R.S. Employer Identification Number
- 138 Putnam Street, PO Box 738 Marietta, Ohio 45750-0738 (address) — Principal executive offices
- (740) 373-3155 (phone_number) — Registrant's telephone number
- April 23, 2024 (date) — Date of earliest event reported
FAQ
What are the key financial highlights for Peoples Bancorp Inc. for the period ending March 31, 2024?
The filing indicates that Peoples Bancorp Inc. reported its financial results for the period ending March 31, 2024, but specific financial figures are not detailed in the provided text.
Who has departed from the board of directors at Peoples Bancorp Inc.?
The filing mentions the departure of a director, but the specific name of the departing director is not provided in the text.
Has Peoples Bancorp Inc. elected any new directors?
Yes, the filing states that there was an election of directors.
Are there any changes in the officer positions at Peoples Bancorp Inc.?
Yes, the filing indicates the appointment of certain officers.
What information is provided regarding executive compensation arrangements?
The filing notes that there are details concerning compensatory arrangements of certain officers.
Filing Stats: 928 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-04-23 07:56:09
Key Financial Figures
- $0.40 — ectors declared a quarterly dividend of $0.40 per common share on April 22, 2024. A c
Filing Documents
- pebo-20240423.htm (8-K) — 37KB
- exhibit991q12024er.htm (EX-99.1) — 872KB
- exhibit992q12024divdeclared.htm (EX-99.2) — 7KB
- pebo-20240423_g1.jpg (GRAPHIC) — 78KB
- peo-logoxbancorpxhorizxrgb.jpg (GRAPHIC) — 227KB
- peo-logoxbancorpxhorizxrgba.jpg (GRAPHIC) — 227KB
- 0000318300-24-000176.txt ( ) — 1916KB
- pebo-20240423.xsd (EX-101.SCH) — 2KB
- pebo-20240423_lab.xml (EX-101.LAB) — 21KB
- pebo-20240423_pre.xml (EX-101.PRE) — 12KB
- pebo-20240423_htm.xml (XML) — 3KB
02 Results of Operation and Financial Condition
Item 2.02 Results of Operation and Financial Condition. On April 23, 2024 Peoples Bancorp Inc. ("Peoples") issued a news release regarding its financial results for the first quarter and full year of 2024. A copy of the news release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Conference Call to Discuss Earnings: Peoples will conduct a facilitated conference call to discuss first quarter and full year 2024 results of operations today at 11:00 a.m., Eastern Daylight Time, with members of Peoples' executive management participating. Analysts, media and individual investors are invited to participate in the conference call by calling (866) 890-9285. A simultaneous Webcast of the conference call audio will be available online via the "Investor Relations" section of Peoples' website, www.peoplesbancorp.com. Participants are encouraged to call or sign in at least 15 minutes prior to the scheduled conference call time to ensure participation and, if required, to download and install the necessary software. A replay of the call will be available on Peoples' website in the "Investor Relations" section for one year. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously disclosed in the Current Report on Form 8-K of Peoples Bancorp Inc. ("Peoples") filed on July 11, 2023, in connection with the retirement of Charles W. Sulerzyski on March 31, 2024, and the appointment, effective April 1, 2024, of Tyler J. Wilcox to serve as the next President and Chief Executive Officer of each of Peoples and Peoples' banking subsidiary, Peoples Bank, Mr. Wilcox was to be elected as a director of each of Peoples and Peoples Bank to fill the vacancy created on each Board of Directors by the retirement of Mr. Sulerzyski. On April 22, 2024, the Board of Directors of Peoples elected Mr. Wilcox as a director of Peoples to serve for an initial term ending a
01 Other Events
Item 8.01 Other Events On April 23, 2024, Peoples issued a news release announcing that the Board of Directors declared a quarterly dividend of $0.40 per common share on April 22, 2024. A copy of the news release is included as Exhibit 99.2 to this Current Report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits a) Financial statements of businesses acquired No response required. b) Pro forma financial information No response required. c) Exhibits See Index to Exhibits on Page 3. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PEOPLES BANCORP INC. Date: April 23, 2024 By:/s/ KATIE BAILEY Katie Bailey Executive Vice President, Chief Financial Officer and Treasurer 3 INDEX TO EXHIBITS Exhibit Number Description 99.1 News Release issued by Peoples Bancorp Inc. on April 23, 2024 99.2 News Release issued by Peoples Bancorp Inc. on April 23, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) 4