Peoples Bancorp Inc（PEBO）のニュースとイベントPEBOPeoples Bancorp Inc

Company Reports Q3 Revenue of $124.52M

Reports Q3 revenue $124.52M, consensus $123.4M. Reports Q3 tangible book value per share $23.35. Reports Q3 CET1 capital ratio 12.81%. Reports Q3 net charge-offs .35%. "We are very pleased with our strong performance for the third quarter of 2026, highlighted by continued improvement in our net interest margin, net interest income, our fee-based revenue streams, and overall profitability," said Tyler Wilcox, president and CEO. "Our results reflect disciplined execution, and we remain committed to maintaining our momentum through the fourth quarter to close the year in a strong financial position."

Stephens Downgrades Capital Bancorp to Equal Weight

Stephens analyst Russell Gunther downgraded Capital Bancorp (CBNK) to Equal Weight from Overweight following the announcement of the acquisition of Capital by Peoples Bancorp (PEBO). The firm is suspending its price target, pending the merger.

Peoples Bancorp to Acquire Capital Bancorp for $728.1 Million

Peoples Bancorp (PEBO) and Capital Bancorp (CBNK) jointly announced the signing of an agreement and plan of merger pursuant to which Peoples will acquire Capital in an all-stock transaction. Under the terms of the Merger Agreement, Capital will merge with and into Peoples, and Capital Bank, N.A. will subsequently merge with and into Peoples' wholly owned subsidiary, Peoples Bank, in a transaction valued at approximately $728.1M. Upon completion of the Merger, the combined company is expected to have approximately $14B in total assets, $10B in total loans and $11B in total deposits, with over 150 banking locations across eight states and Washington, D.C., in addition to nationwide specialty financial services platforms. According to the terms of the Merger Agreement, which has been unanimously approved by the Boards of Directors of both companies, shareholders of Capital will receive 1.11 shares of Peoples common stock for each share of Capital common stock. Based on Peoples' 20-day volume-weighted average closing price of $39.41 per share as of September 29, 2026, the aggregate transaction value is approximately $728.1M, or $43.75 per share. Former Capital shareholders are expected to collectively own approximately 32% of Peoples following completion of the Merger. The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes. The transaction is expected to be immediately accretive to Peoples' estimated earnings in 2027 before one-time costs, with a tangible book value earnback period of under three years and a pro forma return on average tangible common equity of approximately 20%. Pursuant to the Merger Agreement, three members of Capital's Board of Directors are expected to join the Peoples Board at or promptly following closing, subject to Peoples' standard corporate governance practices and director evaluation process. The acquisition is expected to close during the first half of 2027, subject to the satisfaction of customary closing conditions, including regulatory approvals and the approvals of the shareholders of Peoples and Capital.