AI Earnings Predictions for Peoples Bancorp Inc. (PEBO)

EX-99.1

2 exhibit991q32026.htm

EX-99.1

Document

Filed by: Peoples Bancorp, Inc

(Commission File No.: 000-16772)

Pursuant to the Rule 425 under the Securities Act of 1933, as amended

and deemed filed pursuant to Rule 14a-12

of the Securities Exchange Act of 1934, as amended

Subject Company: Capital Bancorp Inc.

(Commission File No.: 001-38671)

Date: September 30, 2026

P.O. BOX 738 - MARIETTA, OHIO - 45750NEWS RELEASE

www.peoplesbancorp.com

FOR IMMEDIATE RELEASEContact:Katie Bailey

October 20, 2026Chief Financial Officer and Treasurer

(740) 376-7138

PEOPLES BANCORP INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER 2026

MARIETTA, Ohio - Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today announced results for the quarter ended September 30, 2026. Net income totaled $32.6 million for the third quarter of 2026, representing earnings per diluted common share of $0.91. In comparison, Peoples reported net income of $28.0 million, representing earnings per diluted common share of $0.78, for the second quarter of 2026 and net income of $29.5 million, representing earnings per diluted common share of $0.83, for the third quarter of 2025. Non-core items, which include one-time losses and acquisition-related expenses, negatively impacted earnings per diluted common share by $0.13 for the third quarter of 2026, $0.18 for the second quarter of 2026, and $0.07 for the third quarter of 2025.

"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 Chief Executive Officer. "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."

Citizens Acquisition:

On April 21, 2026, Peoples announced the signing of a definitive agreement and plan of merger pursuant to which Peoples will acquire Citizens National Corporation ("Citizens"), a bank holding company headquartered in Paintsville, Kentucky, and the parent company of Citizens Bank of Kentucky, Inc. (“Citizens Bank”), in a cash and stock transaction. Under the terms of the merger agreement, Citizens will merge with and into Peoples, and Citizens Bank will subsequently merge with and into Peoples’ wholly owned subsidiary, Peoples Bank, in a transaction valued at approximately $76.6 million. As of September 30, 2026, Peoples recognized $0.9 million in acquisition-related expenses associated with this pending transaction.

Capital Acquisition:

On September 30, 2026, Peoples announced the signing of a definitive agreement and plan of merger pursuant to which Peoples will acquire Capital Bancorp, Inc. ("Capital"), a bank holding company headquartered in Rockville, Maryland, and the parent company of Capital Bank, N.A., 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 Bank, in a transaction valued at approximately $728.1 million. As of September 30, 2026, Peoples recognized $1.0 million in acquisition-related expenses associated with this pending transaction.

Quarterly Highlights:

•Net interest margin for the third quarter of 2026 increased to 4.31% when compared to 4.23% for the linked quarter driven by increased investment and loan yields.

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◦Net interest income increased $1.1 million compared to the linked quarter driven by higher loan income.

•Provision for credit losses decreased $1.1 million when compared to the linked quarter.

◦The reduction in the provision for credit losses was due to declines in reserves for individually-analyzed loans and leases, coupled with updates to prepayment, curtailment, and funding rates, partially offset by higher net charge-offs.

◦Period-end total loan and lease balances at September 30, 2026, increased $19.2 million, or 1% annualized, when compared to the linked quarter.

◦The loan growth was largely due to increases in construction loans, commercial and industrial loans, and home equity lines of credit, partially offset by decreases in other commercial real estate loans, residential real estate loans, and leases.

•Total non-interest income, excluding net gains and losses, increased $1.5 million, or 5%, for the third quarter of 2026 compared to the linked quarter.

◦The growth was due to increases in lease income, driven by gains on terminated leases, other non-interest income, driven by swap fee income, deposit account service charges, trust and investment income, and bank owned life insurance income.

•Total period-end core deposits, which excludes brokered deposits, increased $19.2 million compared to the linked quarter.

◦The increase was attributable to increases in interest-bearing demand accounts and money

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