PEOPLES BANCORP INC. PEBO Income Statement

Peoples bancorp inc. (PEBO)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Interest income:
Interest and fees on loans
34,588	36,105	36,522	36,660	34,053	33,777	33,355	31,250	26,881	26,910	26,370	25,464	24,299	23,995	23,493	23,391	22,966	22,979	22,870	22,146	19,160	18,188	15,910	14,070	13,373	13,577	11,958	11,533	11,454	12,524	11,911	12,043	11,760	12,196	12,147	12,389	12,678	13,639	14,262	14,604	14,827
Interest and dividends on taxable investment securities
5,383	5,535	5,891	5,969	5,810	6,075	5,577	5,830	5,650	5,135	5,615	4,956	4,709	4,548	4,456	4,738	4,681	4,651	4,484	4,553	4,363	4,179	4,181	4,140	4,340	4,360	4,119	4,159	4,215	4,674	4,658	4,939	5,507	5,912	5,871	6,163	6,203	6,166	7,688	7,720	7,984
Interest on tax-exempt investment securities
655	675	690	729	537	576	613	635	643	666	701	762	794	794	771	781	780	790	800	806	596	478	470	446	416	417	410	394	379	370	368	355	341	363	378	384	425	504	590	618	642
Other interest income
236	-26	506	263	176	210	86	54	52	61	42	26	15	13	10	11	16	10	24	61	40	23	5	-42	23	31	22	25	18	7	5	4	4	4	4	5	11	34	32	21	4
Total interest income
40,862	42,289	43,609	43,621	40,576	40,638	39,631	37,769	33,226	32,772	32,728	31,208	29,817	29,350	28,730	28,921	28,443	28,430	28,178	27,566	24,159	22,868	20,566	18,614	18,152	18,385	16,509	16,111	16,066	17,575	16,942	17,341	17,612	18,475	18,400	18,941	19,317	20,343	22,572	22,963	23,457
Interest expense:
Interest on deposits
4,629	5,488	6,159	5,719	4,844	4,373	4,018	3,101	2,213	2,073	1,865	1,729	1,487	1,411	1,427	1,503	1,601	1,490	1,539	1,618	1,559	1,558	1,514	1,466	1,568	1,641	1,674	1,798	1,939	2,052	2,171	2,289	2,547	2,939	3,332	3,674	3,985	4,332	4,693	4,953	5,144
Interest on short-term borrowings
1,039	1,156	1,150	1,233	1,173	1,478	1,617	1,175	968	681	369	233	251	207	109	105	87	74	42	31	35	32	46	36	32	51	28	22	13	17	19	19	19	18	24	26	35	53	62	66	81
Interest on long-term borrowings
558	524	546	620	645	666	672	685	686	896	1,274	1,156	1,134	1,065	1,071	1,005	988	1,002	1,061	1,124	1,146	1,154	1,147	1,069	1,072	1,114	1,131	1,136	1,139	965	936	929	1,119	1,230	1,285	1,317	1,310	1,433	2,058	2,279	2,293
Interest on junior subordinated debentures held by subsidiary trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	431	495	492	495	499	495	493	492	501	495	492	498
Total interest expense
6,226	7,168	7,855	7,572	6,662	6,517	6,307	4,961	3,867	3,650	3,508	3,118	2,872	2,683	2,607	2,613	2,676	2,566	2,642	2,773	2,740	2,744	2,707	2,571	2,672	2,806	2,833	2,956	3,091	3,465	3,621	3,729	4,180	4,686	5,136	5,510	5,822	6,319	7,308	7,790	8,016
Net interest income
34,636	35,121	35,754	36,049	33,914	34,121	33,324	32,808	29,359	29,122	29,220	28,090	26,945	26,667	26,123	26,308	25,767	25,864	25,536	24,793	21,419	20,124	17,859	16,043	15,480	15,579	13,676	13,155	12,975	14,110	13,321	13,612	13,432	13,789	13,264	13,431	13,495	14,024	15,264	15,173	15,441
Provision for (recovery of) credit losses (a)
16,969	1,136	1,005	626	-263	975	1,302	1,188	1,983	1,115	1,086	947	624	711	1,146	727	955	7,238	5,837	672	350	128	-380	583	8	-964	-919	-1,462	-1,065	-503	-956	-1,120	-2,137	-473	865	2,295	5,311	6,952	8,005	5,458	6,501
Net interest income after provision for (recovery of) credit losses
17,667	33,985	34,749	35,423	34,177	33,146	32,022	31,620	27,376	28,007	28,134	27,143	26,321	25,956	24,977	25,581	24,812	18,626	19,699	24,121	21,069	19,996	18,239	15,460	15,472	16,543	14,595	14,617	14,040	14,613	14,277	14,732	15,569	14,262	12,399	11,136	8,184	7,072	7,259	9,715	8,940
Non-interest income:
Gross impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-800	-820
Less: Non-credit losses included in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	166
Net impairment losses on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-800	-986
Insurance income
4,130	3,309	3,386	3,486	4,621	3,400	3,388	3,369	4,655	3,343	3,345	3,414	4,102	2,912	3,137	3,299	4,498	2,913	3,275	3,283	4,312	2,876	3,169	3,443	4,116	2,842	3,261	3,220	2,878	2,088	2,367	2,438	2,951	1,944	2,324	2,165	2,832	1,958	2,216	2,261	2,411
Mortgage banking income
750	1,336	1,204	1,000	788	953	1,060	969	351	483	535	467	387	452	427	265	160	390	212	412	303	365	334	311	227	316	360	365	718	1,008	638	682	549	657	370	286	374	710	354	267	235
Bank owned life insurance income
582	968	487	490	485	495	495	497	468	479	482	496	493	503	491	253	167	-	174	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	92	87	-	137	173	185
Net gain on investment securities
319	94	97	-57	30	0	0	-147	1	764	1,861	18	340	68	-1	767	96	56	62	11	600	238	124	66	-30	46	-1	26	418	273	112	0	3,163	0	57	56	360	0	3,818	3,018	16
Commercial loan swap fees
-	-	-	-	-	-	-	-	-	-	-	651	268	79	569	264	164	-	135	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on asset disposals and other transactions
-87	-229	-78	-293	-182	-15	12	-405	74	-144	-25	109	-3	-109	-224	-769	-31	-498	-51	-136	-1,103	-146	-109	-187	11	-125	-19	-6	-5	-1,060	-161	-43	-3,062	-809	389	-556	60	-922	-4,638	-1,348	17
Other non-interest income
437	452	510	502	1,101	512	391	421	1,331	366	383	704	412	277	624	380	545	250	450	527	571	120	338	243	455	342	290	253	298	356	257	235	353	604	371	201	361	953	183	230	241
Total non-interest income
15,737	17,163	16,393	15,289	15,429	14,177	14,353	13,255	14,969	13,739	14,446	13,717	13,671	12,070	13,313	12,365	13,119	11,659	11,917	11,801	11,005	10,270	9,876	9,598	10,276	9,267	9,566	9,236	9,485	8,032	8,523	8,455	9,183	7,479	8,837	7,391	8,794	7,215	6,891	9,442	8,047
Non-interest expense:
Salaries and employee benefit costs
19,918	18,903	18,931	20,824	19,202	17,385	17,908	18,025	15,990	14,590	15,141	15,049	15,496	14,552	14,584	13,972	14,325	13,723	13,572	14,560	17,361	12,893	11,667	11,241	10,792	9,463	9,358	8,934	8,717	8,715	8,051	8,415	8,245	9,345	8,701	7,953	7,627	7,117	7,232	7,496	7,377
Net occupancy and equipment expense
3,154	3,223	3,098	3,132	2,978	2,753	2,850	2,803	2,866	2,653	2,619	2,648	2,713	2,580	2,768	2,581	2,806	2,934	2,840	3,138	2,295	2,017	2,267	1,739	1,816	1,719	1,637	1,626	1,858	1,736	1,423	1,503	1,432	1,459	1,453	1,472	1,501	1,440	1,383	1,440	1,518
Electronic banking expense
1,865	1,846	2,070	1,693	1,577	1,570	1,552	1,407	1,528	1,432	1,403	1,525	1,514	1,424	1,650	1,485	1,433	1,448	1,408	1,320	1,124	1,213	1,283	951	1,082	941	920	885	840	891	887	870	694	676	713	685	618	623	668	557	605
Data processing and software expense
1,752	1,648	1,572	1,567	1,545	1,330	1,408	1,359	1,322	1,111	1,092	1,096	1,142	1,260	741	1,013	749	1,001	910	1,025	735	626	673	555	570	533	530	488	461	537	470	485	487	487	490	453	463	474	461	527	570
Professional fees
1,693	1,931	1,544	2,344	1,276	1,727	1,395	3,022	1,718	2,043	1,393	1,529	1,610	2,193	1,661	2,123	1,459	1,753	1,287	1,808	2,447	2,024	1,451	1,320	854	1,123	1,188	1,002	894	1,181	1,172	1,204	813	916	807	1,013	795	968	847	601	692
Amortization of other intangible assets
729	888	953	824	694	861	862	861	754	913	869	871	863	1,007	1,008	1,007	1,008	1,133	1,127	1,144	673	516	367	282	263	274	180	164	189	159	134	109	107	131	141	152	162	214	224	235	245
Franchise tax expense
882	797	797	772	705	897	616	614	644	496	583	584	583	642	529	483	538	416	502	502	548	177	388	442	385	405	412	413	413	245	415	414	412	377	369	358	401	456	373	374	373
Marketing expense
473	573	634	490	594	525	456	656	325	592	488	354	280	402	380	414	398	663	459	1,071	645	759	668	413	459	742	547	562	450	-	534	481	-	-	452	-	-	-	-	-	-
Foreclosed real estate and other loan expenses
578	632	600	469	255	492	373	338	228	284	214	179	196	319	189	100	251	245	159	551	321	200	177	197	215	89	186	162	217	145	263	255	221	388	251	224	350	275	282	472	646
Communication expense
280	318	268	317	278	316	305	300	344	341	334	390	410	531	518	584	628	564	628	592	502	472	421	390	359	333	342	361	303	355	294	288	348	308	307	294	314	-	-	-	-
FDIC insurance premium
-5	-150	0	381	371	373	391	416	366	477	449	457	433	193	549	540	617	568	562	530	424	382	331	287	260	282	224	250	280	213	257	223	309	315	440	450	662	624	617	612	617
Other non-interest expense
3,006	2,912	2,526	6,063	2,385	2,727	2,713	6,170	2,136	2,474	1,973	1,998	2,091	2,179	2,265	2,203	2,070	2,829	2,658	2,537	5,839	2,702	2,514	2,187	1,762	2,491	1,739	1,575	1,563	1,262	1,766	1,439	1,948	849	1,306	1,665	1,725	-202	1,871	1,995	1,932
Total non-interest expense
34,325	33,521	32,993	38,876	31,860	30,956	30,829	35,971	28,221	27,406	26,558	26,680	27,331	27,282	26,842	26,505	26,282	27,277	26,112	28,778	32,914	23,981	22,207	20,004	18,817	18,395	17,263	16,422	16,185	17,106	15,666	15,686	15,016	16,564	15,430	14,719	14,618	14,200	13,958	14,309	14,575
(Loss) income before income taxes
-921	17,627	18,149	11,836	17,746	16,367	15,546	8,904	14,124	14,340	16,022	14,180	12,661	10,744	11,448	11,441	11,649	3,008	5,504	7,144	-840	6,285	5,908	5,054	6,931	7,415	6,898	7,431	7,340	5,539	7,134	7,501	9,736	5,177	5,806	3,808	2,360	87	192	4,048	1,426
Income tax (benefit) expense
-156	2,767	3,281	2,238	3,377	2,470	2,821	1,012	2,383	5,339	5,127	4,414	3,852	3,336	3,656	3,479	3,654	425	1,370	2,231	-151	2,040	1,729	1,577	2,148	2,301	4,381	2,510	2,318	1,665	2,310	2,471	3,079	1,333	1,885	887	491	-481	-221	763	111
Net (loss) income
-765	14,860	14,868	9,598	14,369	13,897	12,725	7,892	11,741	9,001	10,895	9,766	8,809	7,408	7,792	7,962	7,995	2,583	4,134	4,913	-689	4,245	4,179	3,477	4,783	5,114	2,517	4,921	5,022	3,874	4,824	5,030	6,657	3,844	3,921	2,921	1,869	568	413	3,285	1,315
Preferred dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,867	237	-238	-523	1,541	-514	512	513
Net income available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,657	3,499	3,684	2,683	1,346	55	-101	2,773	802
(Loss) earnings per common share - basic
-0.04	0.72	0.72	0.47	0.74	0.72	0.65	0.41	0.64	0.49	0.60	0.54	0.49	0.41	0.43	0.44	0.44	0.16	0.23	0.27	-0.04	0.26	0.33	0.32	0.45	0.48	0.24	0.46	0.47	0.37	0.45	0.47	0.63	0.33	0.35	0.26	0.13	0.00	-0.01	0.27	0.08
(Loss) earnings per common share - diluted
-0.04	0.72	0.72	0.46	0.73	0.71	0.65	0.41	0.64	0.49	0.60	0.53	0.48	0.40	0.43	0.44	0.44	0.16	0.22	0.27	-0.04	0.27	0.32	0.32	0.44	0.47	0.23	0.46	0.47	0.37	0.45	0.47	0.63	0.33	0.35	0.26	0.13	0.00	-0.01	0.27	0.08
Weighted-average number of common shares outstanding - basic
20,367	20,422	20,415	20,277	19,366	19,354	19,325	19,160	18,126	18,069	18,056	18,044	18,029	18,008	17,993	17,980	18,071	18,175	18,127	18,116	15,802	14,709	12,632	10,755	10,636	10,602	10,589	10,576	10,556	10,542	10,530	10,524	10,513	10,494	10,484	10,478	10,471	10,446	10,437	10,422	10,391
Weighted-average number of common shares outstanding - diluted
20,538	20,547	20,595	20,442	19,508	19,472	19,466	19,293	18,256	18,224	18,213	18,203	18,192	18,202	18,110	18,113	18,194	18,295	18,271	18,253	15,930	14,838	12,765	10,880	10,740	10,856	10,692	10,597	10,571	10,544	10,530	10,524	10,513	10,424	10,519	10,507	10,477	10,460	10,437	10,429	10,400
Cash dividends declared
7,038	-	7,040	7,035	5,868	-	5,472	5,466	4,771	-	4,020	3,645	3,634	-	2,912	2,904	2,748	-	2,759	2,758	2,272	-	1,675	1,634	1,623	-	1,513	1,512	1,295	-	1,175	1,175	-1,172	-	1,060	0	-1,058	-	-1,053	-1,054	1,051
Cash dividends declared per common share
0.34	-	0.34	0.34	0.30	-	0.28	0.28	0.26	-	0.22	0.20	0.20	-	0.16	0.16	0.15	-	0.15	0.15	0.15	-	0.15	0.15	0.15	-	0.14	0.14	0.12	-	0.11	0.11	0.11	-	0.10	0.00	0.10	-	0.10	0.10	0.10
Unrealized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments
-	-	-	-	-	-	-	-	460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit and Debit Card [Member]
Revenue from Contract with Customer, Including Assessed Tax
3,280	3,849	3,577	3,267	2,987	3,017	2,890	2,785	2,785	2,666	2,544	2,587	2,561	2,486	2,765	2,567	2,535	2,425	2,241	2,312	1,980	1,846	1,695	1,562	1,539	1,664	1,547	1,561	1,419	1,519	1,484	1,464	1,488	1,324	1,313	1,284	1,221	1,243	1,180	1,175	1,088
Deposit Account [Member]
Revenue from Contract with Customer, Including Assessed Tax
2,820	3,149	3,233	2,977	2,341	2,618	2,652	2,388	2,120	2,484	2,407	2,294	2,429	2,663	2,833	2,563	2,603	2,780	2,922	2,848	2,295	2,386	2,449	2,227	2,111	2,285	2,377	2,045	2,057	2,237	2,261	2,230	2,237	2,509	2,628	2,454	2,174	2,411	2,415	2,457	2,298
Fiduciary and Trust [Member]
Revenue from Contract with Customer, Including Assessed Tax
3,262	3,441	3,205	3,401	3,112	3,133	3,110	3,232	3,068	3,061	2,838	2,977	2,682	2,739	2,692	2,776	2,382	2,489	2,497	2,544	2,047	2,029	1,876	1,933	1,847	1,897	1,751	1,772	1,702	1,619	1,565	1,449	1,496	1,429	1,385	1,409	1,325	1,357	1,226	1,209	1,556