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0000318300FALSE00003183002026-07-272026-07-27

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)

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PEOPLES BANCORP INC.
(Exact name of Registrant as specified in its charter)
Ohio000-1677231-0987416
(State or other jurisdiction(Commission File(I.R.S. Employer
of incorporation)Number)Identification Number)
138 Putnam Street, PO Box 738
Marietta,Ohio45750-0738
(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:
TWritten 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 classTrading Symbol(s)Name of each exchange on which registered
Common shares, without par valuePEBOThe 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 EndedSix Months Ended
June 30,March 31,June 30,June 30,
(Dollars in thousands)20262026202520262025
Efficiency ratio:
Total non-interest expense$72,759 $71,635 $70,362 $144,394 $141,149 
Less: amortization of other intangible assets1,697 1,697 2,211 3,394 4,424 
Adjusted total non-interest expense71,062 69,938 68,151 141,000 136,725 
Total non-interest income20,378 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 losses29,005 28,664 27,160 57,669 54,622 
Net interest income92,728 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 basis92,949 90,665 87,857 183,614 173,395 
Adjusted revenue$121,954 $119,329 $115,017 $241,283 $228,017 
Efficiency ratio58.27 %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)20262026202520252025
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 assets389,963 391,601 393,319 395,535 397,785 
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 assets389,963 391,601 393,319 395,535 397,785 
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 outstanding35,939,954 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 assets9.25 %8.91 %8.79 %8.53 %8.26 %

Three Months EndedSix Months Ended
June 30,March 31,June 30,June 30,
(Dollars in thousands)20262026202520262025
Pre-provision net revenue:
Income before income taxes$35,638 $37,345 $27,453 $72,983 $58,830 
Add: provision for credit losses4,709 9,694 16,642 14,403 24,787 
Add: net loss on OREO— 26 — 26 — 
Add: net loss on investment securities8,181 — — 8,181 2 
Add: net loss on other assets453 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 EndedSix Months Ended
June 30,March 31,June 30,June 30,
(Dollars in thousands)20262026202520262025
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 securities8,181 — — 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 transactions446 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 period91 90 91 181 181 
Days in the year365 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 assets1.17 %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 items1.47 %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 EndedSix Months Ended
June 30,March 31,June 30,June 30,
(Dollars in thousands)20262026202520262025
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 assets1,697 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 period91 90 91 181 181 
Days in the year365 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 assets390,753 392,490 398,940 391,617 406,619 
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' equity9.13 %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 equity14.03 %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 NumberDescription
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
104Cover 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, 2026By:/s/KATHRYN BAILEY
Kathryn Bailey
Executive Vice President,
Chief Financial Officer and Treasurer