The bank maintains a stable capital structure with an equity-to-assets ratio of 0.13 as of 2026Q1, supporting its $9.6 billion asset base despite potential credit risks in the leasing segment.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 1.67B | 188.95M | 1.3B | 1.48B | 1.29B | 1.69B | 905.11M | 1.05B | 869.5M | 867.38M | 844.09M | 855.82M | 698.33M | 659.93M | 701.73M | 667.52M | 74.64M | 41.77M | 35.6M | 45.2M | 36.51M | 36.65M | 31.45M | 29.43M | 35.05M | 31.99M | 28.45M | 43.7M | 40.1M | 38.8M | 28.5M |
| Cash & Due from Banks | 112.28M | 188.95M | 217.66M | 426.72M | 154.02M | 415.73M | 152.1M | 115.19M | 77.61M | 72.19M | 66.15M | 71.11M | 61.45M | 53.82M | 62.54M | 38.95M | 74.64M | 41.77M | 35.6M | 45.2M | 36.51M | 36.65M | 31.45M | 29.43M | 35.05M | 31.99M | 28.45M | 43.7M | 40.1M | 38.8M | 28.5M |
| Short Term Investments | 0 | 0 | 1.08B | 1.05B | 1.13B | 1.28B | 753.01M | 936.1M | 791.89M | 795.19M | 777.94M | 784.7M | 636.88M | 606.11M | 639.18M | 628.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 8.74B | 1.98B | 7.77B | 7.43B | 6.01B | 5.98B | 4.21B | 3.87B | 3.59B | 3.22B | 3.07B | 2.93B | 2.32B | 1.86B | 1.68B | 1.59B | 1.58B | 1.78B | 1.79B | 1.67B | 1.67B | 1.65B | 1.61B | 1.54B | 1.25B | 1.09B | 1.06B | 977.9M | 794M | 687.5M | 563.3M |
| Investments Growth % | -118.79% | -74.55% | 4.49% | 23.59% | 0.51% | 41.96% | 8.92% | 7.9% | 11.52% | 4.73% | 4.9% | 26.08% | 24.69% | 10.6% | 6.03% | 0.46% | -11.16% | -0.68% | 7.05% | 0.3% | 1.22% | 2.25% | 4.31% | 23.59% | 14.58% | 3.25% | 8.04% | 23.16% | 15.49% | 22.05% | 11.63% |
| Long-Term Investments | 20.78B | 1.98B | 6.68B | 6.38B | 4.88B | 4.71B | 3.46B | 2.93B | 2.79B | 2.42B | 2.29B | 2.14B | 1.68B | 1.26B | 1.04B | 958.72M | 1.58B | 1.78B | 1.79B | 1.67B | 1.67B | 1.65B | 1.61B | 1.54B | 1.25B | 1.09B | 1.06B | 977.9M | 794M | 687.5M | 563.3M |
| Accounts Receivables | 0 | 6.68B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 391.6M | 393.32M | 402.42M | 412.17M | 326.33M | 291.01M | 184.6M | 177.83M | 162.09M | 144.58M | 146.02M | 149.62M | 109.16M | 77.6M | 68.53M | 64.47M | 64.87M | 65.6M | 66.41M | 68.03M | 68.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 363.2M | 363.2M | 363.2M | 362.17M | 292.4M | 264.19M | 171.26M | 166.03M | 151.25M | 133.11M | 132.63M | 132.63M | 98.56M | 70.52M | 64.88M | 62.52M | 62.52M | 62.52M | 62.52M | 62.52M | 61.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 28.4M | 30.12M | 39.22M | 50M | 33.93M | 26.82M | 13.34M | 11.8M | 10.84M | 11.46M | 13.39M | 16.99M | 10.6M | 7.08M | 3.64M | 1.96M | 2.35M | 3.08M | 3.89M | 5.51M | 7.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 99.31M | 100.51M | 103.67M | 103.86M | 82.93M | 89.26M | 60.09M | 61.85M | 56.54M | 52.51M | 53.62M | 53.49M | 40.34M | 29.81M | 27.01M | 23.91M | 24.93M | 24.84M | 25.11M | 24.8M | 23.45M | 23.49M | 22.64M | 22.16M | 18.06M | 16.37M | 15.56M | 15.3M | 14.8M | 12M | 11.5M |
| Other Assets | 309.4M | 307.09M | 371.62M | 380.19M | 294.56M | 162.49M | 149.7M | 130.25M | 109.33M | 97.07M | 96.58M | 58.31M | 35.77M | 36.49M | 76.98M | 79.54M | 93.52M | 91.07M | 84.58M | 74.84M | 78.78M | 78.29M | 72.61M | 91.08M | 60.61M | 54.75M | 35.26M | 38.6M | 31.4M | 19.9M | 13.3M |
| Total Current Assets | 112.28M | 6.87B | 1.69B | 1.88B | 1.62B | 1.81B | 905.11M | 1.05B | 869.5M | 867.38M | 844.09M | 855.82M | 698.33M | 659.93M | 701.73M | 667.52M | 74.64M | 41.77M | 35.6M | 45.2M | 36.51M | 36.65M | 31.45M | 29.43M | 35.05M | 31.99M | 28.45M | 43.7M | 40.1M | 38.8M | 28.5M |
| Total Non-Current Assets | 9.54B | 2.78B | 7.56B | 7.28B | 5.59B | 5.25B | 3.86B | 3.3B | 3.12B | 2.71B | 2.59B | 2.4B | 1.87B | 1.4B | 1.22B | 1.13B | 1.76B | 1.96B | 1.97B | 1.84B | 1.84B | 1.82B | 1.78B | 1.71B | 1.36B | 1.16B | 1.11B | 1.03B | 840.2M | 719.4M | 588.1M |
| Total Assets | 9.65B | 9.65B | 9.25B | 9.16B | 7.21B | 7.06B | 4.76B | 4.36B | 3.99B | 3.58B | 3.43B | 3.26B | 2.57B | 2.06B | 1.92B | 1.79B | 1.84B | 2B | 2B | 1.89B | 1.88B | 1.86B | 1.81B | 1.74B | 1.39B | 1.19B | 1.14B | 1.08B | 880.3M | 758.2M | 616.6M |
| Asset Growth % | 17.32% | 4.27% | 1.06% | 27.06% | 2.04% | 48.37% | 9.26% | 9.15% | 11.46% | 4.35% | 5.32% | 26.92% | 24.7% | 7.35% | 6.91% | -2.38% | -8.18% | -0.03% | 6.19% | 0.55% | 1.08% | 2.55% | 4.2% | 24.51% | 16.78% | 5.12% | 5.61% | 22.17% | 16.1% | 22.96% | 13.47% |
| Return on Assets (ROA) | 1.16% | 1.13% | 1.27% | 1.39% | 1.42% | 0.8% | 0.76% | 1.29% | 1.22% | 1.1% | 0.93% | 0.38% | 0.72% | 0.88% | 1.1% | 0.69% | 0.29% | 0.21% | 0.38% | 0.97% | 1.16% | 1.12% | 1.03% | 1.04% | 1.45% | 1.06% | 1.01% | 1.09% | 1.22% | 1.25% | 1.33% |
| Accounts Payable | 0 | 7.61B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 691.29M | 734.42M | 431.55M | 733.74M | 601.23M | 265.96M | 183.83M | 400.1M | 465.84M | 353.51M | 450.76M | 274.06M | 267.36M | 235.42M | 176.59M | 216.56M | 231.78M | 345.56M | 429.64M | 512.02M | 425.09M | 601.41M | 546.02M | 526.59M | 252.01M | 248.5M | 258.43M | 237.8M | 73.2M | 61.2M | 48.7M |
| Net Debt | 579.02M | 545.47M | 213.88M | 307.02M | 447.21M | -149.77M | 31.73M | 284.91M | 388.23M | 281.32M | 384.62M | 202.94M | 205.91M | 181.6M | 114.05M | 177.6M | 157.13M | 303.79M | 394.05M | 466.82M | 388.58M | 564.76M | 514.57M | 497.17M | 216.96M | 216.51M | 229.98M | 194.1M | 33.1M | 22.4M | 20.2M |
| Long-Term Debt | 185.43M | 204.14M | 238.07M | 216.24M | 101.09M | 99.47M | 110.57M | 83.12M | 109.64M | 144.02M | 105.16M | 73.67M | 139.08M | 81.83M | 88.82M | 99.91M | 180.27M | 268.64M | 330.79M | 254.44M | 230.21M | 391.82M | 494.13M | 417.82M | 203.83M | 192.45M | 138.51M | 150.3M | 40.7M | 28.6M | 29.2M |
| Short-Term Debt | 505.86M | 530.28M | 193.47M | 517.5M | 500.14M | 166.48M | 73.26M | 316.98M | 356.2M | 209.49M | 345.61M | 200.39M | 128.28M | 153.59M | 87.77M | 116.64M | 51.51M | 76.92M | 98.85M | 257.58M | 194.88M | 209.59M | 51.9M | 108.77M | 48.18M | 56.05M | 119.92M | 87.5M | 32.5M | 32.6M | 19.5M |
| Other Liabilities | 7.74B | 0 | 120.91M | 267.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15.68M | 19.47M | -18.49M | 18.23M | 10.1M | 10.2M | 8.19M | 7.57M | 7.6M | 6.9M | 7.1M | 7M |
| Total Current Liabilities | 505.86M | 8.14B | 7.78B | 7.62B | 6.32B | 6.12B | 4.07B | 3.68B | 3.36B | 2.98B | 2.89B | 2.77B | 2.09B | 1.76B | 1.61B | 1.49B | 1.43B | 1.49B | 1.48B | 1.44B | 1.43B | 1.3B | 1.12B | 1.14B | 1B | 878.6M | 885.1M | 823.3M | 753.6M | 643.7M | 524.2M |
| Total Non-Current Liabilities | 7.93B | 204.14M | 358.98M | 483.43M | 101.09M | 99.47M | 110.57M | 83.12M | 109.64M | 144.02M | 105.16M | 73.67M | 139.08M | 81.83M | 88.82M | 99.91M | 180.27M | 268.64M | 330.79M | 238.76M | 249.67M | 373.32M | 512.35M | 427.93M | 214.03M | 200.64M | 146.08M | 157.9M | 47.6M | 35.7M | 36.2M |
| Total Liabilities | 8.43B | 8.44B | 8.14B | 8.1B | 6.42B | 6.22B | 4.19B | 3.76B | 3.47B | 3.12B | 3B | 2.84B | 2.23B | 1.84B | 1.7B | 1.59B | 1.61B | 1.76B | 1.82B | 1.68B | 1.68B | 1.67B | 1.63B | 1.57B | 1.22B | 1.07B | 1.02B | 973.6M | 794.3M | 679.4M | 560.4M |
| Total Equity | 1.22B | 1.21B | 1.11B | 1.05B | 785.33M | 845.02M | 575.67M | 594.39M | 520.8M | 458.59M | 435.26M | 419.79M | 340.12M | 221.55M | 221.73M | 206.66M | 230.68M | 243.97M | 186.63M | 202.84M | 197.17M | 183.08M | 175.42M | 170.88M | 176.27M | 122.91M | 112.22M | 101.9M | 86M | 78.8M | 56.2M |
| Equity Growth % | 27.57% | 8.55% | 5.51% | 34.15% | -7.06% | 46.79% | -3.15% | 14.13% | 13.56% | 5.36% | 3.69% | 23.42% | 53.52% | -0.08% | 7.29% | -10.41% | -5.45% | 30.73% | -7.99% | 2.87% | 7.7% | 4.37% | 2.66% | -3.06% | 43.42% | 9.53% | 10.12% | 18.49% | 9.14% | 40.21% | 9.13% |
| Equity / Assets (Capital Ratio) | 12.6% | 12.5% | 12.01% | 11.5% | 10.9% | 11.96% | 12.09% | 13.64% | 13.05% | 12.8% | 12.68% | 12.88% | 13.25% | 10.76% | 11.56% | 11.52% | 12.55% | 12.19% | 9.32% | 10.76% | 10.51% | 9.87% | 9.7% | 9.84% | 12.64% | 10.29% | 9.88% | 9.47% | 9.77% | 10.39% | 9.11% |
| Return on Equity (ROE) | 9.37% | 9.21% | 10.83% | 12.33% | 12.43% | 6.69% | 5.94% | 9.63% | 9.45% | 8.61% | 7.29% | 2.88% | 5.94% | 7.93% | 9.52% | 5.74% | 2.35% | 1.95% | 3.83% | 9.16% | 11.34% | 11.44% | 10.55% | 9.36% | 12.54% | 10.49% | 10.39% | 11.39% | 12.14% | 12.74% | 14.3% |
| Book Value per Share | 34.27 | 34.13 | 31.63 | 32.16 | 28.05 | 38.48 | 29.01 | 29.32 | 27.24 | 25.18 | 23.97 | 23.73 | 27.64 | 20.75 | 21.06 | 19.72 | 22.11 | 23.52 | 18.03 | 19.26 | 18.39 | 17.30 | 16.38 | 16.03 | 20.60 | 12.66 | 12.17 | 10.38 | 7.78 | 9.54 | 6.95 |
| Tangible BV per Share | 23.23 | 23.00 | 20.18 | 19.58 | 16.39 | 25.23 | 19.71 | 20.55 | 18.76 | 17.25 | 15.93 | 15.27 | 18.77 | 13.48 | 14.55 | 13.56 | 15.89 | 17.19 | 11.62 | 12.80 | 11.97 | 17.30 | 16.38 | 16.03 | 20.60 | 12.66 | 12.17 | 10.38 | 7.78 | 9.54 | 6.95 |
| Common Stock | 867.46M | 871.57M | 866.84M | 865.23M | 686.45M | 686.28M | 422.54M | 420.88M | 386.81M | 345.41M | 344.4M | 343.95M | 265.74M | 168.87M | 167.04M | 166.97M | 0 | 0 | 0 | 0 | 162.65M | 162.23M | 162.28M | 161M | 129.17M | 78.66M | 66.36M | 65M | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168.87M | 167.04M | 166.97M | 166.3M | 166.23M | 164.72M | 163.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 451.11M | 436.75M | 388.11M | 327.24M | 265.94M | 207.08M | 190.69M | 187.15M | 161M | 133.44M | 110.29M | 90.79M | 90.39M | 80.9M | 69.16M | 53.58M | 45.55M | 46.23M | 50.51M | 52.53M | 43.44M | 30.74M | 18.44M | 7.78M | 12.65M | 17.73M | 23.38M | 26.2M | 33.4M | 26.4M | 20.5M |
| Accumulated OCI | -76.04M | -70.63M | -110.39M | -101.59M | -127.14M | -11.62M | 1.34M | -1.43M | -12.93M | -5.21M | -1.55M | -359K | -1.3M | -182.11M | -166.38M | -165.56M | -4.45M | 9.49M | -12.29M | 3.01M | -3M | -1.12M | 4.96M | 4.25M | 6.45M | 834K | -2.98M | -7.7M | 3.6M | 2.4M | 1.4M |
| Treasury Stock | -26.49M | -31.09M | -32.98M | -37.34M | -39.92M | -36.71M | -38.89M | -12.21M | -14.09M | -15.97M | -17.88M | -14.59M | -14.71M | -14.97M | -15.12M | -15.3M | -15.36M | -16.52M | -16.31M | -16.1M | -5.93M | -8.78M | -10.27M | -2.16M | -1.09M | -3.38M | -3.57M | -10.8M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.65M | 38.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Equipment leasing residual volatility
As reported in recent financial statements, Peoples Bancorp has grown its total assets to $9.6 billion by 2026Q1, reflecting a deliberate expansion strategy that appears to prioritize inorganic growth through acquisitions like Limestone Bancorp over purely organic loan book development in its core Appalachian markets.
The steady climb in total assets from $9.1 billion in 2024Q3 suggests management is successfully scaling the balance sheet to achieve greater operating leverage. However, investors should monitor whether this rapid asset accumulation dilutes the quality of the loan portfolio or creates integration-related drag on the bank's overall efficiency ratio.
Based on the provided quarterly data, the equity-to-assets ratio has remained remarkably consistent at 0.13 as of 2026Q1, indicating that the bank is maintaining a stable capital cushion to support its ongoing acquisition-led growth strategy while absorbing potential volatility from its diversified non-interest income business units.
The maintenance of a 13% equity-to-assets ratio suggests a conservative capital management philosophy that provides a necessary buffer against credit shocks in the equipment leasing segment. This capital position appears sufficient to support current operations, though further expansion may require additional capital raises if organic earnings retention fails to keep pace with asset growth.
According to quarterly filings, the bank's cash and cash equivalents dropped from $429.7 million in 2024Q1 to $112.3 million in 2026Q1, a trend that warrants investigation into whether the institution is deploying excess liquidity into higher-yielding securities or funding its recent acquisition-related cash requirements.
The significant shift in the cash position suggests a more aggressive deployment of liquidity, likely aimed at offsetting the persistent compression in net interest margins. Analysts should scrutinize the duration and credit quality of the $8.7 billion investment securities portfolio to ensure that this liquidity transformation does not introduce undue interest rate risk.
As indicated by the historical provision expense data, which spiked to $16.6 million in 2025Q2, the bank's balance sheet may harbor latent risks within its equipment leasing portfolio that are not immediately apparent in the headline asset growth figures or the stable equity-to-assets ratio.
The reliance on equipment leasing as a key revenue driver introduces a unique form of residual value risk that traditional regional banks typically avoid. If the resale value of leased assets declines in a slowing economic environment, the bank may face unexpected impairments that could pressure its capital adequacy and necessitate higher future provisioning.
Quick answers to the most common questions about buying PEBO stock.
As of 2025, Peoples Bancorp Inc. (PEBO) had total assets of $9.65B including $6.87B in current assets.
Peoples Bancorp Inc. (PEBO) carries total debt of $734.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Peoples Bancorp Inc. (PEBO) has total shareholders' equity (book value) of $1.21B ($34.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Peoples Bancorp Inc. (PEBO) reported a current ratio of 0.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.