Peoples Bancorp: Q1 Earnings Snapshot
MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported first-quarter net income of $15.2 million, after reporting a loss in the same period a year earlier.
The Marietta, Ohio-based company said it had profit of 79 cents per share. Earnings, adjusted for non-recurring costs, were 90 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The financial services and products company posted revenue of $55.9 million in the period. Its adjusted revenue was $52.7 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $51.6 million.
Peoples Bancorp shares have climbed 25% since the beginning of the year. The stock has risen 52% in the last 12 months.
_____
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
Read More: Peoples Bancorp: Q1 Earnings Snapshot