Peoples Bancorp (PEBO) Tops Q1 EPS by 3c

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Peoples Bancorp Inc. Reports Record Quarterly Net Income

April 23, 2019 6:59 AM EDT

MARIETTA, Ohio, April 23, 2019 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced results for the quarter ended March 31, 2019.  Net income totaled $14.4 million for the first quarter of 2019, representing earnings per diluted common share of $0.73.  Earnings per diluted common share were positively impacted by $0.07 per share for the recovery on a previously charged-off commercial loan and by $0.03 per share for income related to the sale of restricted Class B Visa stock, partially offset by the negative impact of $0.01 per share for acquisition-related costs during the first quarter of 2019.  In comparison,... More