The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $439.4 million
Based in MARIETTA, Ohio, PEOPLES BANCORP INC operates in the FINANCE sector.
The Consolidated Statements of Income in USD indicate the financial performance for the 12 months ended December 31 of three consecutive years: 2021, 2022, and 2023. The figures provided have been converted to millions where possible.
For the fiscal year ending December 31, 2023:
- Total interest income amounted to $439.4 million, showing significant growth compared to $269.6 million in 2022 and $184.8 million in 2021.
- Net income after the provision for credit losses rose to $324.2 million, up from $256.9 million in 2022 and $171.8 million in 2021.
- Non-interest income was $87.4 million, higher than the previous year's $78.8 million and $68.9 million in 2021.
- Total non-interest expense reached $266.5 million, compared to $207.1 million in 2022 and $183.7 million in 2021.
- Income before income taxes saw an increase to $145.1 million, surpassing the $128.6 million in 2022 and $57.0 million in 2021.
- Net income for 2023 was reported at $113.4 million, higher than $101.3 million in 2022 and $47.6 million in 2021.
- Earnings per common share – basic and diluted were $3.46 and $3.44, respectively, in 2023, compared to $3.61 and $3.60 in 2022, and $2.17 and $2.15 in 2021.
The company's performance in 2023 showed notable improvements across most key financial metrics compared to the previous two years.
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