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Peoples Bancorp Q2 net income $10.1 million

Christian Fernsby |
Peoples Bancorp announced results for the second quarter ended June 30, 2021.

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Peoples reported net income of $10.1 million for the second quarter of 2021, representing earnings per diluted common share of $0.51.

In comparison, Peoples recognized earnings per diluted common share of $0.79 for the first quarter of 2021 and earnings per diluted common share of $0.23 for the second quarter of 2020.

For the six months ended June 30, 2021, Peoples recorded net income of $25.6 million, or $1.31 per diluted common share, compared to $4.0 million, or $0.19 per diluted common share, for the six months ended June 30, 2020.

Non-core items, and the related tax effect of each, contained in net income included gains and losses on investment securities, and asset disposals and other transactions, acquisition-related costs, pension settlement charges, severance expenses, COVID-19-related expenses and a contribution to Peoples Bank Foundation, Inc.

Non-core items negatively impacted earnings per diluted common share by $0.30 for the second quarter of 2021, $0.11 for the first quarter of 2021, and $0.06 for the second quarter of 2020. Non-core items negatively impacted earnings per diluted common share by $0.32 and $0.08 for the six months ended June 30, 2021, and 2020, respectively.


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