Item 5. Market for Registrant’s Common Equity
ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Peoples’ common shares are traded on The Nasdaq Global Select Market® under the symbol PEBO. At December 31, 2025, Peoples had 3,742 shareholders of record.
Peoples currently plans to continue to pay quarterly cash dividends comparable to those paid historically, subject to certain regulatory restrictions described in “Note 17 Regulatory Matters,” as well as in the section captioned “Supervision and Regulation – Dividend Restrictions” of “ITEM 1 BUSINESS” of this Form 10-K.
Issuer Purchases of Equity Securities
The following table details repurchases by Peoples and purchases by “affiliated purchasers” as defined in Rule 10b-18(a)(3) under the Exchange Act of Peoples’ common shares during the three months ended December 31, 2025:
Period (a)
Total Number of Common Shares Purchased
(b)
Average Price Paid per Common Share
(c)
Total Number of Common Shares Purchased as Part of Publicly Announced Plans or Programs (1)
(d)
Maximum
Number (or Approximate Dollar Value) of Common Shares that May Yet Be Purchased Under the Plans or Programs (1)
October 1 – 31, 2025 1,296 (2)(3) $ 30.04 — $ 16,162,672
November 1 – 30, 2025 13,754 (1)(3) $ 28.25 13,526 $ 15,780,726
December 1 – 31, 2025 2,187 (2) $ 30.02 — $ 15,780,726
Total 17,237 $ 28.61 13,526 $ 15,780,726
(1) On January 29, 2021, Peoples announced that on January 28, 2021, Peoples’ Board of Directors approved a share repurchase program authorizing Peoples to purchase up to an aggregate of $30.0 million of its outstanding common shares, replacing the February 27, 2020 share repurchase program which terminated on January 28, 2021. There were 13,526 common shares repurchased under the share repurchase program during November 2025.
(2) Information includes 930 and 2,187 common shares purchased in open market transactions during October and December 2025, respectively, by Peoples Bank under the Rabbi Trust Agreement. The Rabbi Trust Agreement establishes a rabbi trust that holds assets to provide funds for the payment of the benefits under the Peoples Bancorp Inc. Third Amended and Restated Deferred Compensation Plan for Directors of Peoples Bancorp Inc. and Subsidiaries.
(3) Information reported includes an aggregate of 366 and 228 common shares withheld to satisfy income taxes associated with restricted common shares which were granted under the Peoples Bancorp Inc. Fourth Amended and Restated 2006 Equity Plan and vested during October and November 2025, respectively.
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Performance Graph
The following Performance Graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be deemed to be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that Peoples specifically incorporates the Performance Graph by reference into such filing.
The following line graph compares the five-year cumulative total shareholder return of Peoples’ common shares, based on an initial investment of $100 on December 31, 2020, and assuming reinvestment of dividends, against two indices. The first is the Russell 2000 Index, which is a leading benchmark for small cap domestic stocks and is comprised of the stocks ranked 1,001 to 2,000 in order of descending market capitalization in the Russell 3000 Index. The second is the KBW Nasdaq Bank Index, which is designed to track the performance of the leading banks and thrifts that are publicly-traded in the U.S. The KBW Nasdaq Bank Index includes 24 banking stocks representing the large U.S. national money centers, regional banks and thrift institutions.
2020 2021 2022 2023 2024 2025
Peoples Bancorp Inc. $ 100.00 $ 122.84 $ 114.67 $ 144.82 $ 143.40 $ 143.57
Russell 2000 Index $ 100.00 $ 114.78 $ 91.30 $ 106.71 $ 119.00 $ 134.23
KBW Nasdaq Bank Index $ 100.00 $ 138.34 $ 108.74 $ 107.77 $ 147.87 $ 196.02
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ITEM 6 [RESERVED]