Peoples Bancorp: 1Q Earnings Snapshot

MARIETTA, Ohio (AP) _ Peoples Bancorp Inc. (PEBO) on Tuesday reported first-quarter profit of $14.4 million.

The Marietta, Ohio-based bank said it had earnings of 73 cents per share. Earnings, adjusted for one-time gains and costs, were 75 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The financial services and products company posted revenue of $56 million in the period. Its revenue net of interest expense was $49.3 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $49.1 million.

Peoples Bancorp shares have risen 3 percent since the beginning of the year. The stock has dropped 14 percent 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