Peoples Bancorp (PEBO) Q4 Earnings Report Preview: What To Look For

Regional banking company Peoples Bancorp (NASDAQ:PEBO) will be reporting earnings this Tuesday before the bell. Here’s what to expect.

Peoples Bancorp beat analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $118.5 million, up 3.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ tangible book value per share estimates and a beat of analysts’ EPS estimates.

Is Peoples Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Peoples Bancorp’s revenue to grow 3.9% year on year to $118 million, a reversal from the 1.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Peoples Bancorp has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.5% on average.

Looking at Peoples Bancorp’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded up 102% following the results while BOK Financial was also up 3.3%.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Peoples Bancorp is up 1.5% during the same time and is heading into earnings with an average analyst price target of $34 (compared to the current share price of $31.30).

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