Peoples Bancorp: 4Q Earnings Snapshot
The Associated Press | Hagadone News Network | UPDATED 5 years AGO
MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported fourth-quarter profit of $14.9 million.
The bank, based in Marietta, Ohio, said it had earnings of 72 cents per share. Earnings, adjusted for one-time gains and costs, came to 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The financial services and products company posted revenue of $59.5 million in the period. Its revenue net of interest expense was $52.3 million, also beating Street forecasts.
For the year, the company reported profit of $53.7 million, or $2.63 per share. Revenue was reported as $205.1 million.
Peoples Bancorp shares have fallen slightly since the beginning of the year. The stock has risen almost 10% in the last 12 months.
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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
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