Peoples Bancorp Inc (Marietta OH) (NAS:PEBO)
$ 30.45 -0.07 (-0.23%) Market Cap: 1.08 Bil Enterprise Value: 1.15 Bil PE Ratio: 9.12 PB Ratio: 1.02 GF Score: 76/100

Q1 2020 Peoples Bancorp Inc Earnings Call Transcript

Apr 21, 2020 / 03:00PM GMT
Release Date Price: $20.78 (-6.92%)
Operator

Good morning and welcome to the Peoples Bancorp First Quarter 2020 Earnings Webcast. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Chuck Sulerzyski, President and CEO. Please go ahead.

Charles W. Sulerzyski
Peoples Bancorp Inc. - President, CEO & Director

Thank you, Kate. Good morning and welcome to our call. Clearly, our world has changed dramatically since our last call. We hope you, your family and your colleagues are healthy, safe and secure.

I would like to start with some good news. Today, we announced an agreement to acquire a premium finance company, which has approximately $100 million in assets. We're excited about the opportunity to further diversify our product offerings and believe this acquisition will complement our insurance business.

We announced our earnings earlier this morning, which were a loss of $0.04 per share. Our results were heavily impacted by recent developments related to COVID-19 and the actions taken by governmental authorities and others

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