Peoples Bancorp: 2Q Earnings Snapshot
MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported second-quarter profit of $7.9 million.
The bank, based in Marietta, Ohio, said it had earnings of 41 cents per share. Earnings, adjusted for one-time gains and costs, were 62 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The financial services and products company posted revenue of $51.6 million in the period. Its revenue net of interest expense was $46.6 million, which matched Street forecasts.
Peoples Bancorp shares have increased 20 percent since the beginning of the year. The stock has increased 27 percent in the last 12 months.