Peoples Bancorp Inc 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the fiscal year endedDecember31, 2024OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period from ____ to ____ PEOPLES BANCORP INC. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesxNoo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yesx No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerxAccelerated filer☐Non-accelerated fileroSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report .☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐Nox State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price atwhich the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of theregistrant’s most recently completed second fiscal quarter: As of June 30, 2024 (the last business day of the registrant’s most recently completed second fiscal quarter), the aggregate market value ofthe registrant’s common shares (the only common equity of the registrant) held by non-affiliates was $1,002,781,000based upon theclosing price as reported on the Nasdaq Global Select Market®.For this purpose, executive officers and directors of the registrant areconsidered affiliates. Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date:35,670,204common shares, without par value, at February26, 2025. Document Incorporated by Reference:Portions of Registrant’s definitive Proxy Statement relating to the Annual Meeting of Shareholders to be held on April24, 2025 (the “2025Annual Meeting of Shareholders”), are incorporated by reference into Part III of this Annual Report on Form 10-K. TABLE OF CONTENTS PART IITEM 1ITEM 1AITEM 1BITEM 1CITEM 2ITEM 3ITEM 4PART IIITEM 5ITEM 6ITEM 7ITEM 7AITEM 8ITEM 9ITEM 9AITEM 9BITEM 9CPART IIIITEM 10ITEM 11ITEM 12ITEM 13ITEM 14PART IVITEM 15ITEM 16SIGNATURES Business4Risk Factors21Unresolved Staff Comments33Cybersecurity33Properties34Legal Proceedings35Mine Safety Disclosures (not applicable)35Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities36[RESERVED]38Management’s Discussion and Analysis of Financial Condition and Results of Operations38Quantitative and Qualitative Disclosures About Market Risk76Financial Statements and Supplementary Data76Changes in and Disagreements With Accountants on Accounting and Financial Disclosure76Controls and Procedures76Other Information77Disclosure Regarding Foreign Jurisdictions that Prevent Inspections