Peoples Bancorp: Q4 Earnings Snapshot
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Audio By Carbonatix
5:22 AM on Tuesday, January 21
The Associated Press
MARIETTA, Ohio (AP) — MARIETTA, Ohio (AP) — Peoples Bancorp Inc. (PEBO) on Tuesday reported fourth-quarter profit of $26.9 million.
The Marietta, Ohio-based bank said it had earnings of 76 cents per share. Earnings, adjusted for non-recurring costs, came to 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The financial services and products company posted revenue of $153.9 million in the period. Its revenue net of interest expense was $111.6 million, also beating Street forecasts.
For the year, the company reported profit of $117.2 million, or $3.31 per share. Revenue was reported as $448.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEBO at https://www.zacks.com/ap/PEBO
