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Peoples Bancorp: 2Q Earnings Snapshot

July 21, 2020 GMT

MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported second-quarter profit of $4.7 million.

The Marietta, Ohio-based bank said it had earnings of 23 cents per share. Earnings, adjusted for non-recurring costs, came to 29 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The financial services and products company posted revenue of $54 million in the period. Its revenue net of interest expense was $49.5 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $50.2 million.

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Peoples Bancorp shares have dropped 43% since the beginning of the year. The stock has decreased 38% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEBO at https://www.zacks.com/ap/PEBO