PEOPLES BANCORP INC. PEBO Income Statement

Peoples bancorp inc. (PEBO)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income:
Interest and fees on loans
143,340	125,263	103,043	93,845	87,155	61,541	48,522	48,238	49,410	57,332	64,701
Interest and dividends on taxable investment securities
23,205	23,132	20,415	18,423	18,051	16,840	16,853	19,778	24,149	29,558	34,522
Interest on tax-exempt investment securities
2,631	2,467	2,923	3,126	2,992	1,810	1,600	1,434	1,550	2,354	2,811
Other interest income
919	402	144	50	135	9	96	20	24	91	71
Total interest income
170,095	151,264	126,525	115,444	108,333	80,200	67,071	69,470	75,133	89,335	102,105
Interest expense:
Interest on deposits
22,210	13,705	7,154	5,942	6,206	6,106	7,052	9,059	13,930	19,122	26,123
Interest on short-term borrowings
4,712	5,238	1,534	508	182	146	114	74	103	262	482
Interest on long-term borrowings
2,335	2,709	4,460	4,129	4,333	4,442	4,520	3,949	5,142	8,063	11,677
Interest on junior subordinated debentures held by subsidiary trust
-	-	-	-	-	-	-	1,913	1,979	1,986	1,980
Total interest expense
29,257	21,652	13,148	10,579	10,721	10,694	11,686	14,995	21,154	29,433	40,262
Net interest income
140,838	129,612	113,377	104,865	97,612	69,506	55,385	54,475	53,979	59,902	61,843
Provision for (recovery of) credit losses (a)
2,504	5,448	3,772	3,539	14,097	339	-4,410	-4,716	7,998	26,916	25,721
Net interest income after provision for (recovery of) credit losses
138,334	124,164	109,605	101,326	83,515	69,167	59,795	59,191	45,981	32,986	36,122
Non-interest income:
Gross impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-1,620	-7,406
Less: Non-credit losses included in other comprehensive income
-	-	-	-	-	-	-	-	-	166	-301
Net impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-1,786	-7,707
Insurance income
14,802	14,812	14,204	13,846	13,783	13,604	12,201	9,844	9,265	8,846	9,390
Mortgage banking income
4,328	3,333	1,872	1,304	1,317	1,237	1,759	2,877	1,687	1,566	1,719
Bank owned life insurance income
2,430	1,955	1,950	1,414	598	106	-	-	-	-	1,051
Net gain on investment securities
164	-146	2,983	930	729	398	489	3,548	473	6,852	1,446
Commercial loan swap fees
-	-	-	1,076	565	450	-	-	-	-	-
Net loss on asset disposals and other transactions
-782	-334	-63	-1,133	-1,788	-431	-155	-4,326	-916	-6,891	-103
Other non-interest income
2,565	2,655	1,865	1,826	1,798	1,156	1,183	1,201	1,537	1,607	824
Total non-interest income
64,274	56,754	55,573	50,867	46,382	40,020	37,554	34,193	32,501	31,595	33,393
Non-interest expense:
Salaries and employee benefit costs
77,860	69,308	60,276	57,433	59,216	46,593	36,472	33,426	33,626	29,222	29,394
Net occupancy and equipment expense
12,431	11,272	10,633	10,735	11,207	7,839	6,840	6,094	5,885	5,781	5,756
Electronic banking expense
7,186	6,057	5,874	5,992	5,300	4,529	3,586	3,342	2,692	2,453	2,401
Data processing and software expense
6,332	5,419	4,441	3,763	3,671	2,424	2,012	1,979	1,893	2,032	2,417
Professional fees
7,095	7,862	6,575	7,436	7,295	5,649	4,207	4,370	3,531	3,108	3,042
Amortization of other intangible assets
3,359	3,338	3,516	4,030	4,077	1,428	807	509	586	918	1,252
Franchise tax expense
3,071	2,771	2,246	2,192	1,968	1,392	1,643	1,486	1,505	1,576	1,601
Marketing expense
2,291	1,962	1,714	1,594	2,838	2,299	2,301	2,682	1,765	1,023	-
Foreclosed real estate and other loan expenses
1,956	1,431	873	859	1,276	789	654	884	1,213	1,675	1,067
Communication expense
1,181	1,265	1,475	2,261	2,286	1,642	1,339	1,285	1,223	1,188	1,270
FDIC insurance premium
602	1,546	1,816	1,899	2,084	1,260	1,036	1,002	1,867	2,470	3,442
Other non-interest expense
13,886	13,746	8,536	8,717	13,863	9,165	7,368	6,415	5,545	5,596	7,040
Total non-interest expense
137,250	125,977	107,975	106,911	115,081	85,009	68,265	63,474	61,331	57,042	58,682
(Loss) income before income taxes
65,358	54,941	57,203	45,282	14,816	24,178	29,084	29,910	17,151	5,753	3,126
Income tax (benefit) expense
11,663	8,686	18,732	14,125	3,875	7,494	11,510	9,525	4,596	172	-1,064
Net (loss) income
53,695	46,255	38,471	31,157	10,941	16,684	17,574	20,385	12,555	5,581	4,190
Preferred dividends
-	-	-	-	-	-	-	-	1,343	2,052	1,876
Net income available to common shareholders
-	-	-	-	-	-	-	-	11,212	3,529	2,314
(Loss) earnings per common share - basic
2.65	2.42	2.12	1.72	0.62	1.36	1.65	1.92	1.07	0.34	0.22
(Loss) earnings per common share - diluted
2.63	2.41	2.10	1.71	0.61	1.35	1.63	1.92	1.07	0.34	0.22
Weighted-average number of common shares outstanding - basic
20,120	18,991	18,050	18,013	17,555	12,183	10,581	10,527	10,482	10,424	10,363
Weighted-average number of common shares outstanding - diluted
20,273	19,122	18,208	18,155	17,687	12,306	10,679	10,528	10,482	10,431	10,374
Credit and Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax
13,680	11,477	10,358	10,353	8,958	6,642	6,191	5,955	5,142	4,686	3,954
Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax
11,700	9,778	9,614	10,662	10,845	9,173	8,764	8,965	9,765	9,581	10,390
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
13,159	12,543	11,558	10,589	9,577	7,685	7,122	6,129	5,548	5,348	4,722
Adjustments for New Accounting Pronouncement [Member]
Income tax expense
700	700	900	-	-	-	-	-	-	-	-
Fair value adjustment on equity investment securities
-831	-207	-	-	-	-	-	-	-	-	-