Peoples Bancorp

What Peoples Bancorp does

Peoples Bancorp Inc. (NASDAQ: PEBO) is a Marietta, Ohio-based financial services holding company founded in 1902 that operates through its primary subsidiary Peoples Bank, serving consumers and small-to-mid-size businesses across Ohio, West Virginia, Kentucky, Virginia, Maryland, and Washington D.C. through 144 full-service branch locations and digital channels (online banking, iOS/Android mobile apps with Zelle, mobile deposit, card controls, and a built-in personal finance aggregation tool). As of Q1 2026 the company reported $9.6 billion in total assets, $7.5 billion in loans, $8.2 billion in deposits, a 4.16% net interest margin, Q1 revenue of $119.33 million, and Q1 net income of $29.0 million ($0.81 diluted EPS).

The company's product portfolio spans personal banking (checking, savings, CDs, mortgages, auto, student and credit-builder loans), commercial banking (business checking, treasury management, merchant services, commercial cards), insurance (Peoples Insurance Agency distributing through 25+ carrier partners), trust and wealth management (Peoples Investment Services via Raymond James, Fiserv trust platform), and specialty commercial finance. Specialty units include North Star Leasing and Vantage Financial for nationwide equipment leasing and finance, Peoples Premium Finance and Peoples Life Premium Finance for commercial and life-insurance premium financing, and Peoples Escrow Manager for 1031 Exchange and escrow services.

Peoples makes money primarily through net interest income on its $7.5B loan portfolio against its $8.2B deposit base, supplemented by transaction fees on deposit and payment services, insurance commissions, wealth-management fees, equipment lease income, and premium-finance interest. Distribution is relationship-led through branch managers and relationship managers cross-selling across product lines, with secondary digital self-serve channels. Growth strategy is sales-led with an active M&A program — Vantage Financial (2022, $54M), Limestone Bancorp (2023, $208.2M), and the pending Citizens National Corporation acquisition (announced April 2026, $76.6M) — targeting the stated goal of $10B in total assets by 2027. Institutional ownership stands at approximately 43.83%, with the bank increasing its quarterly dividend for eleven consecutive years.

Name

Peoples Bancorp

Legal name

Peoples Bancorp Inc.

Website

https://peoplesbancorp.com

Company type

Public

Founded year

1902

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Peoples Bancorp (NASDAQ: PEBO) is a Marietta, Ohio-based bank holding company operating 144 branches across Ohio, West Virginia, Kentucky, Virginia, Maryland, and D.C. with $9.6B in assets, offering consumer and commercial banking, insurance, wealth management, equipment leasing, and premium finance.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940)

SIC

State Commercial Banks (6022), National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Affluent / Mass-Affluent Private Banking (FSABADAC)

Keywords

• Community banking services
• Commercial lending
• Equipment leasing
• Premium finance
• Wealth management

Headquarters

HQ city

Lawrenceville

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: The primary revenue driver is the spread between interest earned on loans and investments versus interest paid on deposits and borrowings. For Q1 2026, net interest margin was 4.16%, with total assets of $9.6 billion and total loans of approximately $7.5 billion.
2. Non-Interest Income - Banking Services: Fees from deposit accounts, wire transfers, overdraft protection, ATM usage, and other banking service charges. Also includes revenue from credit card operations.
3. Insurance Commissions: Peoples Insurance Agency generates commissions by partnering with over 25 insurance providers to offer personal and commercial insurance products including auto, home, life, health, and business insurance.
4. Wealth Management and Trust Services: Asset management fees, financial planning fees, and trust services revenue from managing client investments and estates.
5. Equipment Leasing: North Star Leasing provides equipment leasing services nationwide, generating lease income and related fees from commercial customers.
6. Premium Finance: Peoples Premium Finance and Peoples Life Premium Finance provide financing for insurance premiums, earning interest income on the loans extended.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Peoples Bancorp Inc. is a diversified financial services holding company that, through its subsidiary Peoples Bank, provides integrated personal and business banking, mortgage and consumer lending, commercial lending, equipment leasing, premium financing, insurance, and trust and wealth management services across Ohio, West Virginia, Kentucky, Virginia, Maryland, and Washington D.C. The company earns primarily through net interest income on loans and investments funded by deposits, supplemented by service fees, insurance commissions, and wealth management fees.

Differentiator

Problem solved

Functional benefit

Brands

• North Star Leasing: Equipment leasing services offered by Peoples Bank
• Peoples Premium Finance
• Peoples Life Premium Finance
• Vantage Financial
• Peoples Insurance Agency
• Peoples Investment Services
• Citizens Bank of Kentucky

Products and services

• Personal Checking Accounts

Quantifiable outcome

• Net interest margin of 4.16% in Q1 2026, expanded 4 basis points from prior quarter
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Citizens National CorporationcoreOthers · 21 April 2026Peoples Bancorp signed a definitive agreement to acquire Citizens National Corporation in a cash-and-stock transaction valued at approximately $76.6 million. Citizens operates 12 branches in Eastern Kentucky with $686 million in total assets, $342 million in gross loans, and $586 million in deposits. Expected to close in H2 2026, the deal is projected to be immediately accretive with tangible book value earnback under one year and IRR exceeding 20%.
• Limestone Bancorp, Inc.minorOthers · 30 April 2023Peoples Bancorp completed its acquisition of Limestone Bancorp and Limestone Bank on April 30, 2023, expanding its presence into Kentucky with 20 branches. The acquisition involved Limestone shareholders receiving 0.90 shares of Peoples in exchange for each Limestone share.
• Vantage Financial, LLCminorOthers · 1 March 2022Peoples Bancorp's subsidiary Peoples Bank acquired Vantage Financial, LLC for $54 million in cash in March 2022. The acquisition expanded Peoples' leasing operations and strengthened its position in equipment finance, expected to be slightly accretive to earnings.
• 25+ Insurance ProviderscoreChannel Partner/ Reseller/ DistributorPeoples Insurance Agency partners with over 25 insurance providers to offer a comprehensive range of personal and commercial insurance products including auto, home, life, health, and specialty coverage. This partnership network allows the bank to provide competitive quotes and tailored coverage options to customers across all branch locations.
• ZellecoreTechnology or IntegrationPeoples Bank is a partner with Zelle for quick, easy, and safe direct fund transfers between bank accounts. Customers over age 18 with eligible checking accounts can enroll and send or receive money typically within minutes when the recipient is already enrolled with Zelle.
• Cornerstone Capital BancorpminorOthersCornerstone Capital Bancorp completed acquisition of Peoples Bancorp Inc. (Peoples Bank of Lubbock, Texas) in March 2026, creating a combined organization with more than $3.4 billion in assets. All acquired branches continue operating under the Peoples Bank name as a division of Cornerstone Capital Bank.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Huntington Bancshares: Columbus, Ohio-based regional bank with comparable consumer and commercial banking offerings across the Midwest. Highly comparable as both compete in Ohio, with Huntington's broader commercial banking and middle-market focus overlapping with Peoples' specialty lending.
• WesBanco: West Virginia-based regional bank with branches across Ohio, West Virginia, Pennsylvania, and Kentucky. Directly competes in overlapping Mid-Atlantic markets with similar commercial and consumer banking offerings.
• First Merchants Corporation: Indiana-based commercial banking franchise serving similar middle-market and small business customers in the Midwest. Comparable scale and business model with commercial lending, treasury management, and wealth management services.
• S&T Bancorp: Pennsylvania-based community bank with commercial banking focus. Similar size and operating model, serving small to mid-sized businesses in the Mid-Atlantic region.
• Park National Corporation: Ohio-based community bank holding company with a similar relationship-based commercial banking model. Competes directly with Peoples in Ohio markets, with comparable customer segments and branch-based distribution approach.

Emerging players

• Lakeland Bancorp: New Jersey-based community bank with similar size and commercial banking focus. Comparable profile in terms of asset size, customer segments, and community banking model.

Others

• Raymond James Financial: Wealth management and investment services partner. Listed because Peoples Investment Services integrates with Raymond James for brokerage services, making it a strategic partner and partial competitor in wealth management.

Broad incumbents

• F.N.B. Corporation: Multi-state regional bank operating across Pennsylvania, Ohio, Maryland, and West Virginia. Overlaps with Peoples in several Mid-Atlantic markets with comparable consumer and commercial banking products, though at a larger scale.
• Fifth Third Bank: Large Midwestern regional bank headquartered in Cincinnati with significantly greater scale ($200B+ assets). Operates overlapping personal banking, commercial lending, and wealth management businesses across Ohio and Kentucky, but at much greater scale and broader geographic scope.

Regional players

• United Bancshares (Ohio): Ohio-focused community bank serving similar consumer and small business markets in Ohio. Smaller scale than Peoples but operating with comparable community banking model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/peoplesbank
• YouTubeyoutube.com/user/PeoplesBankTV
• Facebookfacebook.com/PeoplesBank
• LinkedInlinkedin.com/company/peoplesbankpebo
• Instagraminstagram.com/peoples_bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peoples Bancorp