Peoples Bancorp targets early Q4 2026 close for Citizens merger, CEO says

Reuters2026/07/27 17:36

By:Reuters

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Peoples Bancorp management posted Q2 2026 diluted EPS of 0.78; adjusted EPS of 0.96, above the 0.85 consensus estimate.
Results included an 8.2 million loss on strategic investment securities sales tied to the Citizens merger planning and an effort to stay below 10 billion assets.
Management reaffirmed 2026 net interest margin guidance of 4.1%-4.3% on a stable-rate assumption; a 25-bp Fed hike would add 6-8 bps.
Citizens merger close targeted for early Q4 2026, pending regulatory and shareholder approvals; core conversion expected early Q2 2027.
Full-year outlook kept: fee-based income 28 million-30 million per quarter; non-interest expense 73 million-75 million per quarter in H2; loan growth near low end of 3%-5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peoples Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000318300-26-000187), on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Peoples Bancorp targets early Q4 2026 close for Citizens merger, CEO says

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