PEOPLES BANCORP Business Summary

Peoples Bancorp Inc. (PEBO) operates as a diversified financial holding company, generating revenue primarily through net interest income from a $9.6 billion asset base and a robust fee-based stream comprising approximately 30-35% of total revenue. Its business model is anchored by two primary segments: Community Banking, which provides commercial and retail lending, deposit services, and equipment leasing; and Insurance, which ranks as a top 10 bank-owned agency in the U.S. and offers a full suite of property, casualty, and life solutions. The company also maintains a significant Wealth Management division with over $4 billion in assets under administration. Positioned as a dominant regional player in the Ohio River Valley, Peoples Bancorp competes directly with First Busey Corporation (BUSE), First Financial Bancorp (FFBC), and Community Trust Bancorp (CTBI), distinguishing itself through a high-touch community banking model and a superior dividend yield relative to its peer group. Leadership is currently spearheaded by President and CEO Tyler J. Wilcox, a veteran executive who rose through the company’s legal, human resources, and operational ranks after joining in 2008. He is supported by Executive Vice President and CFO Kathryn M. Bailey, who oversees the firm's capital allocation and treasury functions. In a strategic succession move effective early 2026, Ron J. Majka—formerly the Head of Upper Middle Market Banking at Huntington National Bank—was appointed to succeed the retiring Douglas V. Wyatt as Chief Commercial Banking Officer. The company’s governance is bolstered by a board featuring former banking executives like David F. Dierker (SunTrust) and Susan D. James (NB&T). Major institutional backing is provided by The Vanguard Group, Franklin Resources, and State Street Global Advisors, reflecting strong market confidence in the firm's disciplined M&A strategy and 50-plus year history of consistent dividend payments.