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PEBO on Nasdaq

PEOPLES BANCORP INC

PEOPLES BANCORP INC is an American state commercial bank, incorporated in Ohio, listed on Nasdaq (PEBO).1 It is headquartered in Marietta, Ohio.1

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Last updated Oct 21, 2026.

Overview

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  • TickerPEBO on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersMarietta, Ohio1
  • Incorporated inOH2
  • Business address138 Putnam St, P O Box 738, Marietta, Oh 45750-07382
  • Filer categoryLarge accelerated filer2

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The disclosures set forth in this Item are qualified by “ITEM 1A RISK FACTORS” and the section captioned “Forward-Looking Statements” in “ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K and other cautionary statements set forth elsewhere in this Form 10-K.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

155.4%Operating margin5
123.1%Net margin5
2.3%Revenue growth, 20255
8.8%Return on equity5
0.17×Debt to equity5
$128.7MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax21¢$28.0M
  • Profit79¢$106.8M

Out of $86.7M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$6.0M
  • Dividends paid43¢$58.1M
  • Share buybacks1¢$838.0K
  • Kept or used elsewhere52¢$69.7M

Out of $134.7M of cash from operations.5

Financial statements

Revenue67895$86.7M in 2025+54% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $56.3M$56.3M20192020: $53.9M$53.9M2020−4%2021: $61.4M$61.4M2021+14%2022: $70.0M$70.0M2022+14%2023: $79.5M$79.5M2023+14%2024: $84.8M$84.8M2024+7%2025: $86.7M$86.7M2025+2%
Operating income781095$134.8M in 2025+106% since 2019
0$50.0M$100.0M$150.0M2019: $65.4M$65.4M20192020: $42.6M$42.6M2020−35%2021: $57.0M$57.0M2021+34%2022: $128.6M$128.6M2022+126%2023: $145.1M$145.1M2023+13%2024: $149.5M$149.5M2024+3%2025: $134.8M$134.8M2025−10%
Net income781095$106.8M in 2025+99% since 2019
0$50.0M$100.0M$150.0M2019: $53.7M$53.7M20192020: $34.8M$34.8M2020−35%2021: $47.6M$47.6M2021+37%2022: $101.3M$101.3M2022+113%2023: $113.4M$113.4M2023+12%2024: $117.2M$117.2M2024+3%2025: $106.8M$106.8M2025−9%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$441.1M$451.0M$383.0M
Interest and dividends on taxable investment securities$66.0M$59.0M$49.3M
Interest on tax-exempt investment securities$3.8M$4.0M$4.3M
Other interest income$3.5M$6.8M$2.8M
Total interest income$514.3M$520.8M$439.4M
Interest on deposits$135.2M$142.1M$71.9M
Interest on short-term borrowings$10.1M$15.5M$19.9M
Interest on long-term borrowings$13.8M$14.4M$8.2M
Total interest expense$159.1M$172.1M$100.0M
Net interest income$355.2M$348.7M$339.4M
Provision for (recovery of) credit losses$42.2M$24.8M$15.2M
Net interest income after provision for (recovery of) credit losses$313.1M$323.9M$324.2M
Insurance income$19.6M$19.4M$18.0M
Lease income$15.6M$10.5M$7.9M
Bank owned life insurance income$4.6M$4.2M$4.2M
Mortgage banking income$1.4M$1.8M$1.1M
Net loss on asset disposals and other transactions-$3.0M-$3.3M-$2.8M
Net loss on investment securities-$2.7M-$416.0K-$3.7M
Other non-interest income$5.2M$5.0M$3.8M
Total non-interest income$104.1M$99.4M$87.4M
Salaries and employee benefit costs$156.5M$150.0M$144.0M
Net occupancy and equipment expense$23.2M$24.2M$21.4M
Data processing and software expense$29.1M$25.2M$21.6M
Professional fees$12.7M$12.1M$17.0M
Amortization of other intangible assets$8.8M$11.2M$11.2M
Electronic banking expense$8.3M$7.5M$7.2M
Marketing expense$3.7M$3.9M$5.0M
FDIC insurance expense$5.1M$4.9M$4.8M
Franchise tax expense$3.4M$3.2M$3.5M
Other loan expenses$4.9M$4.1M$2.9M
Communication expense$2.7M$3.1M$2.8M
Operating lease expense$4.6M$3.5M$1.7M
Travel and entertainment expense$2.6M$2.7M$2.4M
Other non-interest expense$16.7M$18.0M$20.9M
Total non-interest expense$282.3M$273.8M$266.5M
Income before income taxes$134.8M$149.5M$145.1M
Income tax expense$28.0M$32.3M$31.8M
Net income$106.8M$117.2M$113.4M
Earnings per common share basic (in usd per share)$3.03$3.34$3.46
Earnings per common share diluted (in usd per share)$2.99$3.31$3.44
Weighted-average number of common shares outstanding basic (in shares)35.0M shares34.8M shares32.5M shares
Weighted-average number of common shares outstanding diluted (in shares)35.4M shares35.1M shares32.8M shares
Realized and unrealized gain (loss)-$17.0K$50.0K-$141.0K

Compare PEOPLES BANCORP INC with another company

Corporate structure

PEOPLES BANCORP INC sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PEOPLES BANCORP INC

  • PEOPLES BANCORP INC Marietta, Ohio
    • Ascencia Statutory Trust I Subsidiary · Connecticut, United States
    • Baltimore MFH LLC Subsidiary · Maryland, United States
    • FNB Capital Trust One Subsidiary · Delaware, United States
    • Marietta Mills Limited Partnership Subsidiary · Ohio, United States
    • NB&T Statutory Trust III Subsidiary · Delaware, United States
    • Peoples Bank Subsidiary · Ohio, United States
    • Peoples Insurance Agency, LLC (also does business as “Peoples Insurance”) Subsidiary · Ohio, United States
    • Peoples Investment Company Subsidiary · Ohio, United States
    • Porter Statutory Trust II Subsidiary · Connecticut, United States
    • Porter Statutory Trust III Subsidiary · Connecticut, United States
    • Porter Statutory Trust IV Subsidiary · Connecticut, United States
    • Second and Butler, LLC Subsidiary · Ohio, United States
    • Vantage Financial, LLC Subsidiary · Minnesota, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PEOPLES BANCORP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$199.6M5 Dec 31, 2025$194.7M5 Dec 31, 2024+2.5%
Accumulated depreciation$99.1M5 Dec 31, 2025$91.1M5 Dec 31, 2024+8.9%
Property and equipment, net$100.5M5 Dec 31, 2025$103.7M5 Dec 31, 2024−3.0%
Operating-lease assets (leased space)$9.3M5 Dec 31, 2025$10.4M5 Dec 31, 2024−10.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$189.0M5 Dec 31, 2025$217.7M5 Dec 31, 2024−13.2%
Loans, net of allowance$6.7B5 Dec 31, 2025$6.3B5 Dec 31, 2024+6.1%
Deposits held (banks)$7.6B5 Dec 31, 2025$7.6B5 Dec 31, 2024+0.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$363.2M5 Dec 31, 2025$363.2M5 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$30.1M5 Dec 31, 2025$39.2M5 Dec 31, 2024−23.2%
Accumulated amortization$66.0M5 Dec 31, 2025$57.3M5 Dec 31, 2024+15.2%
Finite-lived intangibles, net$26.7M5 Dec 31, 2025$35.5M9 Dec 31, 2024−24.9%

Properties, in its own words

Peoples’ sole banking subsidiary, Peoples Bank, generally owns its offices, related facilities and unimproved real property. At December 31, 2025, Peoples Bank operated 57 offices in Ohio, 39 offices in Kentucky, 26 offices in West Virginia, two offices in Virginia, one office in Washington D.C., one office in Maryland, an insurance premium finance lending office in Missouri, an equipment leasing office in Vermont, and a leasing office in Minnesota. Of these 129 offices, 71 are leased and the rest are owned by Peoples Bank.

Peoples Bank’s subsidiary, Peoples Insurance, rents office space in various Peoples Bank offices, and also leases office space from third parties in Inez and Pikeville, Kentucky. Peoples Bank’s subsidiary, Vantage, rents office space in Minnetonka, Minnesota, Cherry Hill, New Jersey, Holmdel, New Jersey, Knoxville, Tennessee, Grafton, Wisconsin, and Guilford, Connecticut.

The rest of Item 2

Rent expense on the leased properties totaled $4.1 million in 2025 and $4.1 million in 2024, which excludes intercompany rent expense. The following properties have a lease term expiring on or before June 2026:

Location · Address · Lease Expiration Date

Lebanon Office Easement · 916 Columbus Ave Lebanon, OH · 1/31/2026 (a)

Frontier · 124 Gross St Marietta, OH · 1/31/2026 (a)

Akron Business Office · 348 S Main St Akron, OH · 2/28/2026 (a)

Guilford (Vantage) · The Monroe Building, 87 Whitfield Street, Office 5 Guilford, CT · 3/31/2026 (a)

Worthington · 250 E Wilson Bridge Rd, Ste. 230 Worthington, OH · 3/31/2026 (a)

Shepherdsville Sign · Adam Shepherd Parkway Shepherdsville, KY · 5/27/2026 (b)

Caldwell ATM · 17010 St Rt 78 Caldwell, OH · 6/27/2026 (b)

GWB Oil & Gas - Storage Bldg · 2013-B State Route 821 Marietta, OH · 6/30/2026 (b)

North Canton-LPO · 125 S. Main Street North Canton, OH · 6/30/2026 (c)

Waynesville Parking Easement · 826 Franklin Rd Waynesville, OH · 6/30/2026 (b)

(a) Current lease agreement has no remaining extensions available.

(b) Current lease agreement will auto-renew for 1 year periods until terminated by one of the parties.

(c) Current lease agreement will switch to a month to month lease at expiration.

Peoples considers its offices and related facilities to be suitable and adequate for the present needs of Peoples and its subsidiaries. Peoples evaluates on a continuing basis the suitability and adequacy of its offices and related facilities, and has opened, relocated, remodeled or closed them as appropriate to maintain efficient and attractive premises.

Additional information concerning the property and equipment owned or leased by Peoples and its subsidiaries is incorporated herein by reference from “Note 5 Bank Premises and Equipment.”

Item 2 of the 10-K filed Feb 26, 2026.4

Leadership

Who has led PEOPLES BANCORP INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark F. Bradley2006–2010
  2. Charles W. Sulerzyski2011–2025
  3. Tyler J. Wilcox2024–now

President

  1. Charles W. Sulerzyski2011–2025

Chief financial officer

  1. John W. Conlon2006
  2. Donald J. Landers2007
  3. Edward G. Sloane Jr.2008–2016
  4. Kathryn M. Bailey2020–now

Chief operating officer

  1. Tyler J. Wilcox2024
2010201520202025
Board members and other officers (48)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Ascencia Statutory Trust I Connecticut3
  • Baltimore MFH LLC Maryland3
  • FNB Capital Trust One Delaware3
  • Marietta Mills Limited Partnership Ohio3
  • NB&T Statutory Trust III Delaware3
  • Peoples Bank Ohio3
  • Peoples Insurance Agency, LLC (also does business as “Peoples Insurance”) Ohio3
  • Peoples Investment Company Ohio3
  • Porter Statutory Trust II Connecticut3
  • Porter Statutory Trust III Connecticut3
  • Porter Statutory Trust IV Connecticut3
  • Second and Butler, LLC Ohio3
  • Vantage Financial, LLC Minnesota3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 5, 20268-K Other events68
  2. Sep 30, 20268-K Entered a material agreement; Regulation FD disclosure69
  3. Sep 28, 20268-K Other events70
  4. Jul 27, 20268-K Results of operations71
  5. Jul 27, 20268-K Regulation FD disclosure72
  6. Jul 21, 20268-K Results of operations; Other events73
  7. May 4, 20268-K Regulation FD disclosure74
  8. Apr 28, 20268-K Shareholder vote75
  9. Apr 27, 20268-K Results of operations76
  10. Apr 24, 20268-K Entered a material agreement77
  11. Apr 21, 20268-K Results of operations; Other events78
  12. Feb 2, 20268-K Regulation FD disclosure79
  13. Apr 3, 2024New chief executive Tyler J. Wilcox becomes CEO13
  14. Apr 13, 2011New chief executive Charles W. Sulerzyski becomes CEO14
  15. Jan 3, 2006New chief executive Mark F. Bradley becomes CEO15

Calendar

Coming up

  1. Nov 2, 2026Dividend Ex-dividend; $0.42 a share; paid 2026-11-16.80

When it reported results

  1. Jul 27, 2026Reported quarterly or annual results71
  2. Jul 21, 2026Reported quarterly or annual results73
  3. Apr 27, 2026Reported quarterly or annual results76
  4. Apr 21, 2026Reported quarterly or annual results78
  5. Jan 26, 2026Reported quarterly or annual results81
  6. Jan 20, 2026Reported quarterly or annual results82
  7. Oct 27, 2025Reported quarterly or annual results83
  8. Oct 21, 2025Reported quarterly or annual results84

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

848 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 90 major events, 657 insider forms, 16 large holders, 65 other. The latest 20:

  1. Oct 6, 20264 EDGAR
  2. Oct 5, 20268-K EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264/A EDGAR
  5. Oct 2, 20264/A EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 2, 20264 EDGAR
  11. Oct 2, 20264 EDGAR
  12. Oct 2, 20264 EDGAR
  13. Oct 2, 20264 EDGAR
  14. Oct 2, 20264 EDGAR
  15. Oct 2, 20264 EDGAR
  16. Oct 2, 20264 EDGAR
  17. Oct 2, 20264 EDGAR
  18. Oct 2, 20264 EDGAR
  19. Oct 2, 20264 EDGAR
  20. Oct 2, 20264 EDGAR

The 848 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

97 open-market trades by officers, directors and large owners since October 2021: 37 buys and 60 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026Edgell MatthewChief of StaffSale3,000$41.28$123.8KForm 4
Jul 24, 2026Donlon Hugh JEVP, Community BankingSale500$39.87$19.9KForm 4
Jul 23, 2026Smith Dwight EricDirectorBuy1,000$39.81$39.8KForm 4
Apr 27, 2026Smith Dwight EricDirectorBuy1,000$34.51$34.5KForm 4
Mar 11, 2026SCHNEEBERGER CAROL ADirectorSale1,895$31.37$59.4KForm 4
Mar 9, 2026SCHNEEBERGER CAROL ADirectorSale1,000$31.41$31.4KForm 4
Mar 3, 2026Kirkham Michael RyanEVP/General CounselSale986$32.47$32.0KForm 4
Feb 9, 2026SCHNEEBERGER CAROL ADirectorSale1,000$33.92$33.9KForm 4
Jan 23, 2026BEAM S CRAIGDirectorBuy157$31.65$5.0KForm 4
Jan 22, 2026Smith Dwight EricDirectorBuy500$32.62$16.3KForm 4
Jan 8, 2026SCHNEEBERGER CAROL ADirectorSale1,000$30.60$30.6KForm 4
Dec 8, 2025SCHNEEBERGER CAROL ADirectorSale1,000$30.27$30.3KForm 4
Nov 21, 2025Smith Dwight EricDirectorBuy200$28.56$5.7KForm 4
Nov 11, 2025Reeves Kevin RDirectorBuy1,250$29.11$36.4KForm 4
Nov 7, 2025Hogan W GlennDirectorBuy1,000$28.49$28.5KForm 4
Nov 4, 2025Wilcox Tyler JChief Executive OfficerBuy160$28.39$4.5KForm 4
Oct 30, 2025Hogan W GlennDirectorBuy1,000$28.82$28.8KForm 4
Oct 23, 2025Smith Dwight EricDirectorBuy500$29.76$14.9KForm 4
Oct 8, 2025SCHNEEBERGER CAROL ADirectorSale1,000$30.22$30.2KForm 4
Sep 8, 2025SCHNEEBERGER CAROL ADirectorSale1,000$30.83$30.8KForm 4

All 97 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Tyler J. Wilcox47$700.0K$1.5M92
2025Hugh J. Donlon62$515.0K$967.3K92
2025Kathryn M. Bailey43$447.0K$803.8K92
2025Douglas V. Wyatt64$362.0K$668.1K92
2025M. Ryan Kirkham51$322.0K$581.4K92
2024President and Chief Executive Officer$600.0K$1.2M92
2024Executive Vice PresidentChief Financial Officer and Treasurer$432.0K$780.8K92
2023President and Chief Executive Officer$450.0K$1.3M92
2023Executive Vice PresidentChief Financial Officer and Treasurer$395.0K$1.0M92

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,335,413$128.1M0.0%+259,801
Dimensional Fund Advisors LP2,273,452$87.3M0.0%+3,318
State Street Corp2,052,253$78.8M0.0%+159,723
Vanguard Capital Management LLC1,529,301$58.7M0.0%+39,611
American Century Companies Inc1,095,934$42.1M0.0%+64,270
Geode Capital Management, LLC971,766$37.3M0.0%+68,025
Brown Advisory Inc816,178$31.3M0.0%−7,028
Invesco Ltd.793,248$30.5M0.0%−65,062
Private Management Group Inc580,469$22.3M0.6%−15,180
Raymond James Financial Inc566,652$21.8M0.0%+7,734
Aqr Capital Management LLC566,488$21.8M0.0%+83,164
Franklin Resources Inc478,993$18.4M0.0%−85,274
Peoples Bank /oh443,563$17.0M8.8%−55
Goldman Sachs Group Inc374,032$14.4M0.0%+162,001
Vanguard Portfolio Management LLC356,069$13.7M0.0%+42,001
Northern Trust Corp332,435$12.8M0.0%+24,875
Charles Schwab Investment Management Inc298,790$11.5M0.0%+8,832
Hotchkis & Wiley Capital Management LLC298,660$11.5M0.0%+1,800
Bridgeway Capital Management, LLC279,682$10.7M0.2%+10,408
Bank of New York Mellon Corp265,067$10.2M0.0%+7,448
Wealth Preservation Advisors, LLC258,803$9.9M5.7%New
Segall Bryant & Hamill, LLC250,239$9.6M0.1%−9,604
Vanguard Fiduciary Trust Co235,998$9.1M0.0%+12,356
Two Sigma Investments, LP218,964$8.4M0.0%−1,553
First Trust Advisors LP204,524$7.9M0.0%+2,557

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 28, 2025James C. JusticeRepublican, SenateSale$250,001 - $500,000+1.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How PEOPLES BANCORP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPEOPLES BANCORP INC1
  • CIK0000318300
  • Employer ID (EIN)31-09874164
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inOhio4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address138 Putnam St, P O Box 738, Marietta, OH 45750-07381
  • Phone74037331551
  • Shares outstanding35,942,315 as of Jul 29, 202612
  • Public float$1.0B as of Jun 30, 20254
  • AuditorErnst & Young LLP, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 14, 19941
  • Filings3,775 in all: 4 (2,200), 8-K (576), 5 (245), 4/A (117), 10-Q (98), SC 13G/A (57), 3 (50), 11-K (34)1
    All 46 form types

    DEF 14A (34), 10-K (33), SC 13G (30), 144 (27), 13F-HR (24), UPLOAD (20), S-4/A (18), CORRESP (17), 13F-HR/A (16), EFFECT (16), 8-K/A (15), 425 (14), S-8 (14), ARS (13), S-4 (13), 5/A (11), 424B3 (9), DEFA14A (9), PRE 14A (9), S-3/A (9), 3/A (8), S-3 (8), S-8 POS (5), 10-K/A (3), 10-Q/A (3), 11-K/A (3), SCHEDULE 13G/A (3), DEFR14A (2), S-3DPOS (2), SCHEDULE 13G (2), 424B4 (1), AW (1), D (1), NT 11-K (1), POS AM (1), PRER14A (1), S-3D (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Jul 30, 2026
    Proxy statement (DEF 14A) Mar 6, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
Common shares, without par valuePEBOThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks PEOPLES BANCORP INC names in Item 1A of its 10-K filed Feb 26, 2026: 40 risks under these headings, as written.4

  • Economic, Political, Environmental and Market Risks
  • •Changes in economic and political conditions could adversely affect Peoples’ earnings and capital through declines in deposits, quality of investment securities, loan demand, the ability of Peoples’ borrowers to repay loans and the value of the collateral securing Peoples’ loans.
  • •Changes in interest rates may adversely affect Peoples’ profitability.
  • •Changes in market rates and economic conditions could cause the interest rate swaps Peoples Bank has entered into to become ineffective.
  • •Instability in global economic conditions and geopolitical matters, as well as volatility in financial markets, could have a material adverse effect on Peoples’ results of operations and financial condition.
  • •Inflation may have an adverse impact on Peoples’ business and on its customers.
  • Business Operations Risks
  • •Peoples is exposed to operational risk.
  • •Failures or material breaches in security of Peoples’ systems and telecommunications networks, or those of a third-party service provider, may have a material adverse effect on Peoples’ results of operations and financial condition and the price of Peoples’ common shares.
  • •Noncompliance with the BSA and other anti-money laundering statutes and regulations could cause Peoples to incur a material financial loss.
  • •Peoples’ business could be adversely affected through events impacting third parties who perform significant operational services on behalf of Peoples.
  • •Peoples’ failure to be in compliance with any material provision or covenant of its debt instruments could have a material adverse effect on Peoples’ liquidity and operations.
The other 30 risks
  • •Peoples’ exposure to credit risk could adversely affect Peoples’ earnings and financial condition.
  • •Peoples’ allowance for credit losses may be insufficient to absorb the expected, lifetime losses in its loan portfolio.
  • •Peoples’ accounting estimates and risk management processes rely on analytical and forecasting models.
  • •Peoples and Peoples Bank may elect or be compelled to seek additional capital in the future, but such capital may not be available when needed.
  • •Peoples and Peoples Bank operate in a highly regulated industry, and the laws and regulations that govern Peoples’ operations, corporate governance, executive compensation, financial accounting and financial reporting, including changes in, or failure to comply with, such laws and regulations may adversely affect Peoples.
  • •Peoples may not be able to adapt to technological change.
  • •Peoples may not be able to attract and retain key employees.
  • •Peoples’ ability to pay dividends is limited, and Peoples may not be in the position to pay dividends in the future.
  • •Peoples depends upon the accuracy and completeness of information about customers and counterparties.
  • •Peoples Bank may be required to repurchase loans it has sold or to indemnify loan purchasers under the terms of the sale agreements, which could adversely affect Peoples’ liquidity, results of operations and financial condition.
  • •Peoples and its subsidiaries are subject to examinations and challenges by tax authorities.
  • •Peoples could experience an unexpected inability to obtain needed liquidity which could adversely affect its business, profitability, and viability as a going concern.
  • Legislative, Regulatory and Tax Change Risks
  • •Legislative or regulatory changes or actions could adversely impact Peoples or the businesses in which it is engaged.
  • •Changes in accounting standards, policies, estimates or procedures may impact Peoples’ reported financial condition or results of operations.
  • •Regulatory capital standards may have an adverse effect on its profitability, lending, and ability to pay dividends.
  • •Increases in FDIC insurance premiums may have a material adverse effect on Peoples’ earnings.
  • Strategic Risks
  • •Peoples’ ability to complete acquisitions and integrate completed acquisitions may be unsuccessful or more difficult, time-consuming or costly than expected, which could have an adverse effect on Peoples’ business, earnings and financial condition.
  • •Changes in retail distribution strategies and consumer behavior may adversely impact Peoples’ investments in its financial service office premises and equipment and other assets, and may lead to increased expenditures to change its retail distribution channel.
  • •Anti-takeover provisions may delay or prevent an acquisition or change in control by a third party.
  • General Risks
  • •Adverse changes in the financial markets may adversely impact Peoples’ results of operations.
  • •Peoples is subject to environmental liability risk associated with lending activities.
  • •The value of Peoples’ goodwill and other intangible assets may decline in the future.
  • •Peoples is at risk of increased losses from fraud.
  • •Peoples may not be able to remain competitive.
  • •Increasing scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to Peoples’ environmental, social and governance practices may impose additional costs on Peoples or expose Peoples to new or additional risks.
  • •Climate change, severe weather, natural disasters, acts of war or terrorism, the emergence of a pandemic and other adverse external events could significantly impact Peoples’ business.
  • •Peoples or one of its subsidiaries may be a defendant from time to time in a variety of litigation and other actions, which could have a material adverse effect on Peoples’ financial condition, results of operations and cash flows.
  • •The impact of larger or similar-sized financial institutions encountering problems may adversely affect Peoples’ business, earnings and financial condition.
  • •Economic and other conditions may cause volatility in the price of Peoples’ common shares.
  • •Changes in tax laws could adversely affect Peoples’ performance.

Legal proceedings

Peoples or one of its subsidiaries from time to time is engaged in various litigation matters including the defense of claims of improper loan or deposit practices or lending violations. In addition, in the ordinary course of their respective businesses or operations, Peoples or one of its subsidiaries may be named as a plaintiff, a defendant, or a party to a legal proceeding or any of their respective properties may be subject to various pending and threatened legal proceedings and various actual and potential claims. In view of the inherent difficulty of predicting the outcome of such matters, Peoples cannot state what the eventual outcome of any such matters will be; however, based on management’s current knowledge and after consultation with legal counsel, Peoples’ management believes that damages, if any, and other amounts related to pending legal proceedings will not have a material adverse effect on the consolidated financial position, results of operations or liquidity of Peoples.

The opening of Item 3, Legal Proceedings.4

Sources

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