PEBO Earnings Prediction
The chart below shows how PEBO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PEBO sees a -1.67% change in stock price 10 days leading up to the earnings, and a +1.13% change 10 days following the report. On the earnings day itself, the stock moves by -0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
PEBO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
101.43M
-1.47%
-2.72%
Gross Margin
--
--
--
Operating Margin
37.80%
-15.53%
-6.57%
Net Margin
26.55%
-19.20%
-12.64%
EPS
0.76
-20.83%
-14.61%
No Data Available
PEBO Earnings Analysis
Peoples Bancorp Inc Corporation (PEBO.O) Earnings Conference Call
Positive
Strong Profitability Indicators: 4th quarter diluted earnings per share was $0.76 and $3.31 for the full year of 2024, indicating strong profitability.
Net Interest Income Improvement: Net interest income improved 3% compared to 2023, with a net interest margin of 4.21%, outperforming most in the industry.
Fee-Based Income Growth: Fee-based income grew 10% for the full year, driven by improved lease, trust, investment, and insurance income.
Deposit Balance Increase: Deposit balance growth of $443 million or 6% compared to 2023, reflecting strong customer retention and acquisition.
Shareholder Value Improvement: Book value per share improved 5% to $31.26, while tangible book value per share grew 10% to $19.94, indicating enhanced shareholder value.
Negative
Net Interest Income Decline: Net interest income declined 3% compared to the linked quarter, driven by lower accretion income, which fell from $8.1 million in Q3 to $4.9 million in Q4, contributing to a decrease in net interest margin from 4.27% to 4.15%.
Charge-Off Rate Increase: The annualized net charge-off rate increased to 61 basis points in Q4 from 38 basis points in the linked quarter, with leasing charge-offs accounting for 49 basis points of this rate, and the full year charge-off rate rose to 37 basis points from 15 basis points in 2023.
Real Estate Loss Impact: A $1.2 million loss was recognized on an other real estate owned property during Q4, contributing to the non-performing assets, which were 0.53% of total assets at year-end.
Efficiency Ratio Increase: The efficiency ratio increased to 59.6% in Q4 from 55.1% in the linked quarter, as the growth in fee-based income was outpaced by lower net interest income and increased non-interest expenses.
Tangible Equity Ratio Decline: The tangible equity to tangible assets ratio declined to 8% at year-end from 8.3% at September 30, primarily due to increases in accumulated other comprehensive losses related to available-for-sale investment securities.
PEBO FAQs
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PEBO Earning Call Sentiment
Earnings call transcript: Peoples Bancorp Q4 2024 misses EPS forecast, revenue exceeds
PEBO.O
1.23%Positive
The earnings call presents a mixed picture: strong fee-based income growth and improved asset quality are positives, but declining net interest income and margin, along with increased charge-offs, pose concerns. The Q&A highlights strong demand and deposit growth, but also competitive pressures and risks in the leasing portfolio. The dividend yield is attractive, but the financial health is under pressure from operational costs and interest rate risks. Overall, these factors balance out, leading to a neutral stock price prediction over the next two weeks.
