pebo-20260727

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 27, 2026 (July 21, 2026)


			PEOPLES BANCORP INC.
			(Exact name of Registrant as specified in its charter)

Ohio

000-16772

31-0987416

(State or other jurisdiction

(Commission File

(I.R.S. Employer

of incorporation)

Number)

Identification Number)

138 Putnam Street, PO Box 738

Marietta,

Ohio

45750-0738

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code:

(740)

373-3155


			Not applicable
			(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


T			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common shares, without par value	PEBO	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 21, 2026, management of Peoples Bancorp Inc. (“Peoples”) conducted a facilitated conference call at approximately 11:00 a.m., Eastern Standard Time, to discuss results of operations for the quarter and fiscal year ended June 30, 2026. A replay of the conference call audio will be available on Peoples’ website, www.peoplesbancorp.com, in the “Investor Relations” section for one year. A copy of the transcript of the conference call is included as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained in this Item 2.02 and Exhibit 99.1 included with this Current Report on Form 8-K, is being furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

During the conference call, management referred to non-Generally Accepted Accounting Principles ("US GAAP") financial measures that are used by management to provide information useful to investors in understanding Peoples' operating performance and trends, and to facilitate comparisons with the performance of Peoples' peers. The following tables show the differences between the non-US GAAP financial measures referred to during the conference call and the most directly comparable US GAAP-based financial measures.


	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(Dollars in thousands)	2026			2026			2025				2026			2025

Efficiency ratio:
Total non-interest expense	$	72,759		$	71,635		$	70,362			$	144,394		$	141,149
Less: amortization of other intangible assets	1,697			1,697			2,211				3,394			4,424
Adjusted total non-interest expense	71,062			69,938			68,151				141,000			136,725

Total non-interest income	20,378			28,254			26,880				48,632			53,979

Less: net (loss) gain on investment securities	(8,181)			—			—				(8,181)			(2)
Less: net loss on asset disposals and other transactions	(446)			(410)			(280)				(856)			(641)
Total non-interest income, excluding net gains and losses	29,005			28,664			27,160				57,669			54,622

Net interest income	92,728			90,420			87,577				183,148			172,832
Add: fully tax-equivalent adjustment (a)	221			245			280				466			563
Net interest income on a fully tax-equivalent basis	92,949			90,665			87,857				183,614			173,395

Adjusted revenue	$	121,954		$	119,329		$	115,017			$	241,283		$	228,017

Efficiency ratio	58.27		%	58.61		%	59.25		%		58.44		%	59.96		%

(a) Tax effect is calculated using a 21% statutory federal corporate income tax rate.


	At or For the Three Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
(Dollars in thousands, except per share data)	2026			2026			2025			2025			2025

Tangible equity:
Total stockholders' equity	$	1,236,551		$	1,216,040		$	1,206,602		$	1,182,776		$	1,153,350
Less: goodwill and other intangible assets	389,963			391,601			393,319			395,535			397,785
Tangible equity	$	846,588		$	824,439		$	813,283		$	787,241		$	755,565






Tangible assets:
Total assets	$	9,540,161		$	9,648,087		$	9,649,630		$	9,623,944		$	9,540,608
Less: goodwill and other intangible assets	389,963			391,601			393,319			395,535			397,785
Tangible assets	$	9,150,198		$	9,256,486		$	9,256,311		$	9,228,409		$	9,142,823

Tangible book value per common share:
Tangible equity	$	846,588		$	824,439		$	813,283		$	787,241		$	755,565
Common shares outstanding	35,939,954			35,925,945			35,714,484			35,705,369			35,673,721

Tangible book value per common share	$	23.56		$	22.95		$	22.77		$	22.05		$	21.18

Tangible equity to tangible assets ratio:
Tangible equity	$	846,588		$	824,439		$	813,283		$	787,241		$	755,565
Tangible assets	$	9,150,198		$	9,256,486		$	9,256,311		$	9,228,409		$	9,142,823

Tangible equity to tangible assets	9.25		%	8.91		%	8.79		%	8.53		%	8.26		%


	Three Months Ended						Six Months Ended
	June 30,		March 31,		June 30,		June 30,
(Dollars in thousands)	2026		2026		2025			2026		2025

Pre-provision net revenue:
Income before income taxes	$	35,638	$	37,345	$	27,453		$	72,983	$	58,830
Add: provision for credit losses	4,709		9,694		16,642			14,403		24,787

Add: net loss on OREO	—		26		—			26		—
Add: net loss on investment securities	8,181		—		—			8,181		2
Add: net loss on other assets	453		384		267			837		597
Add: net loss on other transactions	(7)		—		23			(7)		74






Pre-provision net revenue	$	48,974	$	47,449	$	44,375		$	96,423	$	86,305


	Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(Dollars in thousands)	2026			2026			2025				2026			2025

Annualized net income adjusted for non-core items:
Net income	$	27,953		$	29,006		$	21,212			$	56,959		$	45,548

Add: net loss on investment securities	8,181			—			—				8,181			2
Less: tax effect of net loss on investment securities (a)	1,718			—			—				1,718			—


Add: net loss on asset disposals and other transactions	446			410			280				856			641
Less: tax effect of net loss on asset disposals and other transactions (a)	94			86			59				180			135






















Net income adjusted for non-core items	$	35,092		$	29,343		$	21,433			$	64,435		$	46,056

Days in the period	91			90			91				181			181
Days in the year	365			365			365				365			365
Annualized net income	$	112,119		$	117,635		$	85,081			$	114,862		$	91,851
Annualized net income adjusted for non-core items	$	140,754		$	119,002		$	85,968			$	129,938		$	92,875
Return on average assets:
Annualized net income	$	112,119		$	117,635		$	85,081			$	114,862		$	91,851
Total average assets	$	9,586,326		$	9,601,108		$	9,293,287			$	9,593,676		$	9,244,495
Return on average assets	1.17		%	1.23		%	0.92		%		1.20		%	0.99		%
Return on average assets adjusted for non-core items:
Annualized net income adjusted for non-core items	$	140,754		$	119,002		$	85,968			$	129,938		$	92,875
Total average assets	$	9,586,326		$	9,601,108		$	9,293,287			$	9,593,676		$	9,244,495
Return on average assets adjusted for non-core items	1.47		%	1.24		%	0.93		%		1.35		%	1.00		%

(a) Tax effect is calculated using a 21% statutory federal corporate income tax rate.


	For the Three Months Ended									Six Months Ended
	June 30,			March 31,			June 30,			June 30,
(Dollars in thousands)	2026			2026			2025				2026			2025

Annualized net income excluding amortization of other intangible assets:
Net income	$	27,953		$	29,006		$	21,212			$	56,959		$	45,548
Add: amortization of other intangible assets	1,697			1,697			2,211				3,394			4,424
Less: tax effect of amortization of other intangible assets (a)	357			356			464				713			929
Net income excluding amortization of other intangible assets	$	29,293		$	30,347		$	22,959			$	59,640		$	49,043

Days in the period	91			90			91				181			181
Days in the year	365			365			365				365			365
Annualized net income	$	112,119		$	117,635		$	85,081			$	114,862		$	91,851
Annualized net income excluding amortization of other intangible assets	$	117,494		$	123,074		$	92,088			$	120,269		$	98,899

Average tangible equity:
Total average stockholders' equity	$	1,228,192		$	1,218,368		$	1,147,253			$	1,223,307		$	1,135,124
Less: average goodwill and other intangible assets	390,753			392,490			398,940				391,617			406,619
Average tangible equity	$	837,439		$	825,878		$	748,313			$	831,690		$	734,989

Return on average stockholders' equity ratio:
Annualized net income	$	112,119		$	117,635		$	85,081			$	114,862		$	91,851
Average stockholders' equity	$	1,228,192		$	1,218,368		$	1,147,253			$	1,223,307		$	1,135,124

Return on average stockholders' equity	9.13		%	9.66		%	7.42		%		9.39		%	8.09		%

Return on average tangible equity ratio:
Annualized net income excluding amortization of other intangible assets	$	117,494		$	123,074		$	92,088			$	120,269		$	98,899
Average tangible equity	$	837,439		$	825,878		$	748,313			$	831,690		$	734,989

Return on average tangible equity	14.03		%	14.90		%	12.31		%		14.46		%	13.46		%

(a) Tax effect is calculated using a 21% statutory federal corporate income tax rate.

Item 9.01 Financial Statements and Exhibits

a) - c)

Not applicable

d) Exhibits

See Index to Exhibits below.

INDEX TO EXHIBITS


Exhibit Number						Description
99.1						Transcript of conference call conducted by management of Peoples Bancorp Inc. on July 21, 2026 to discuss results of operations for the quarter ended June 30, 2026
104						Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PEOPLES BANCORP INC.

Date:

July 27, 2026

By:/s/

KATHRYN BAILEY

Kathryn Bailey

Executive Vice President,
Chief Financial Officer and Treasurer