Peoples Bancorp targets early Q4 2026 close for Citizens merger, CEO says

• Peoples Bancorp management posted Q2 2026 diluted EPS of 0.78; adjusted EPS of 0.96, above the 0.85 consensus estimate.
• Results included an 8.2 million loss on strategic investment securities sales tied to the Citizens merger planning and an effort to stay below 10 billion assets.
• Management reaffirmed 2026 net interest margin guidance of 4.1%-4.3% on a stable-rate assumption; a 25-bp Fed hike would add 6-8 bps.
• Citizens merger close targeted for early Q4 2026, pending regulatory and shareholder approvals; core conversion expected early Q2 2027.
• Full-year outlook kept: fee-based income 28 million-30 million per quarter; non-interest expense 73 million-75 million per quarter in H2; loan growth near low end of 3%-5%.

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