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Regional Midwest Banks
Peoples Bancorp Inc. (PEBO) is a bank holding company for Peoples Bank that provides a range of financial services to individuals, businesses, and municipalities in the United States. The company operates through three segments: Community Bank, which offers deposit services, such as checking accounts, savings accounts, and time deposits; and makes loans for commercial, industrial, residential, and consumer purposes. The Consumer Finance segment engages in the origination and servicing of residential mortgage loans for sale in the secondary market. And the Farmland Division, which provides financing for the purchase of farmland and farm real estate, agricultural production loans, and loans for the construction and purchase of farm buildings.
As of the end of 2021 Q3, Peoples Bancorp had total assets of $6.5 billion, total loans of $4.9 billion, and total deposits of $5.3 billion.
In terms of earnings, Peoples Bancorp reported net income of $33.6 million for the nine months ended September 30, 2021, compared to $25.3 million for the same period in 2020. This represents an increase of 32.8% in net income year over year.
In terms of growth, Peoples Bancorp has been expanding its presence in the Midwest through organic growth and strategic acquisitions. In 2021, the company completed the acquisition of Premier Bank, which added approximately $1.2 billion in assets and $1 billion in deposits.
The PEBO's P/E ratio is 12.79 and its dividend yield is 3.36%
Please note that this information is subject to change and it's always recommended to consult the latest financial reports and filings of the company for the most accurate and up-to-date information.