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Peoples Bancorp Q2 net income $4.7 million

Christian Fernsby ▼ | July 22, 2020
Peoples Bancorp announced results for the quarter ended June 30, 2020.
Peoples Bancorp
Peoples Bancorp   Peoples recorded net income of $4.7 million for the second quarter of 2020
Peoples recorded net income of $4.7 million for the second quarter of 2020.

Topics: Peoples Bancorp

Non-core items contained in net income (loss) included gains and losses, acquisition-related expenses, pension settlement charges, severance expenses and coronavirus related expenses.

"Peoples continues to maintain a strong capital position, with ratios being higher than regulatory requirements," said Chuck Sulerzyski, President and Chief Executive Officer.

We also had our best quarter ever in regards to consumer indirect loan production, which originated approximately $71 million in the second quarter alone. We will continue our focus in supporting existing clients and introducing new customers we helped obtain PPP funds to the many products and services we offer."


 

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