Peoples Bancorp: 4Q Earnings Snapshot
MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported fourth-quarter net income of $20.6 million.
The Marietta, Ohio-based bank said it had earnings of $1.05 per share. Earnings, adjusted for non-recurring costs, came to $1.12 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The financial services and products company posted revenue of $54.4 million in the period. Its revenue net of interest expense was $51.1 million, missing Street forecasts. Four analysts surveyed by Zacks expected $51.9 million.
For the year, the company reported profit of $34.8 million, or $1.73 per share. Revenue was reported as $203.6 million.
Peoples Bancorp shares have increased 15% since the beginning of the year. The stock has declined 11% in the last 12 months.