Nasdaq: PEBO In Investor estor Pr Prese esentation ntation th Qu 4 th Quart rter er 20 2018 18
Sa Safe e Harb rbor or St Statement tement Statements in this presentation which are not historical are “forward -looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include discussions of the strategic plans and objectives or anticipated future performance and events of Peoples Bancorp Inc. (“Peoples”) . The information contained in this presentation should be read in conjunction with Peoples’ Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (the “ 2018 Form 10- K”), which is available on the Securities and Exchange Commission (“SEC”) website (www.sec.gov) or at Peoples’ website (www.peoplesbancorp.com). Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in Peoples’ 2018 Form 10-K under the section, “Risk Factors” in Part I, Item 1A. As such, actual results could differ materially from those contemplated by forward-looking statements made in this presentation. Management believes that the expectations in these forward-looking statements are based upon reasonable assumptions within the bounds of management's knowledge of Peoples’ business and operations. Peoples disclaims any responsibility to update these forward-looking statements to reflect events or circumstances after the date of this presentation. 2
Ov Over erview view • Profile, ile, Inv nvest stmen ment t Rat atio iona nale, le, St Strat ategy gy an and Cult lture • St Strat ategic gic Prio ioritie rities s an and Fin inan ancial ial Resu sults lts • Acqu quis isition ition • Q4 an and F Full ll Year ar 2018 18 Perform orman ance ce • Appendix pendix 3
Profi ofile, le, Inv nvestment estment Rationale, ionale, Strate ategy gy and nd Cu Culture ture
Cor orporate porate Pr Prof ofile ile • Finan ancia ial ho holdi ding ng com ompany pany he headqu dquar artere ered in Mariet etta, a, Ohi hio. o. – Provides a broad range of banking, insurance, and investment services • Cur urren ent snapshot: pshot: – Assets: $4.0 billion; Loans: $2.7 billion – Deposits: $3.0 billion – Market capitalization: $665 million – Assets under admin/mgmt: $2.2 billion • Cur urren ent foo ootpr print int – Demographics: • Median income: $45,000 – Key industries: • Health care • Manufacturing (plastics/petrochemicals) • Oil/gas/coal activities (shale opportunities) • Education and social services • Tourism – Unemployment: • OH: 5.2% OH: 4.6% • WV: 4.7% WV: 5.1% • KY: 5.3% KY: 4.4% • US: 4.3% US: 3.9% Market data as of February 25, 2019 Unemployment data as of December 2018 Financial data as of December 31, 2018 5 5
Inv nvestmen estment t Ra Rationale onale • Unique communi nity ty banking ng model – Greater revenue diversity (31% non-interest income, excluding gains and losses) than the average $1 - 10 billion bank – Strong community reputation and active involvement – Local market teams capable of out-maneuvering larger banks – More sophistication and product breadth than smaller banks ( insurance, retirement plans, swaps, etc.) • Stron ong, g, diverse business nesses s ear arning non-int nterest est income me – 20th largest bank-owned insurance agency, with expertise in commercial, personal, life & health – Wealth management – $2.2 billion in assets under administration and management, including brokerage, trust and retirement planning • Capacity ity to grow our franchi hise se – Strong capital and fundamentals to support M&A strategy – Proven integration capabilities and scalable infrastructure • Committe tted to discipl iplined ned executio tion – Strong, integrated enterprise risk management process – Dedicated to delivering positive operating leverage – Focused on business line performance and contribution, operating efficiency, and credit quality • Attract activ ive e di dividen dend d op oppo portunity – Targeting 40% to 50% payout ratio – Dividend paid increased from $0.15 per share for Q1 2016 to $0.30 for Q4 2018 6
Wh What PE PEBO O St Stands nds Fo For! r! • Mi Missi ssion, n, Vi Vision sion and nd Va Values lues • Br Brand and Pr Prom omise ise • Go o To To Ma Market rket Pr Proposition oposition • Str trategic ategic Road oad Ma Map p for or Bes est t Comm ommun unity ity Ba Bank nk in n Am America erica 7
Mis ission, sion, Vis isio ion n an and Val alues Our Mi Missi sion on Our mission is to be the primary financial resource for our businesses and clients who value us as true financial partners. We grow these relationships by delivering trusted advice, extraordinary personal service, and a seamless, integrated suite of services that meets all their needs. Our Visi sion on Our vision is to be the leading financial services provider to the clients and markets we serve. Our Value lues Peoples' Employee Promise Circle represents how we do business and our never-ending pursuit of creating value for our clients. Our strategies to serve clients and enhance shareholder value often change, but our values remain constant. • C lients nts First • I ntegrity egrity Always ways • R espe pect for or All • C om ommi mitmen tment to C o Com ommuni nity ty • L ead d the he Wa Way • E xcelle lenc nce e in Everyt rything ng 8
Bra rand nd Pr Prom omise ise We wil ill l work k si side by s y sid ide to to ove vercome come chal allen lenges ges an and se seiz ize oppor portun tunit ities. ies. We li list sten n an and work k wit ith yo you. Together, ether, we wil ill l buil ild an and execute ute th thoughtfu ghtful l pla lans ns an and ac acti tion ons, s, ble lend nding ing our experien erience ce an and expertise, rtise, to to mo move ve yo you to towar ard d yo your goal als. s. Our core e dif iffer erence ence is is providing viding yo you pe u peac ace e of mi mind nd, , conf nfidence idence an and cla larity ity in in yo your ur fin inan ancia ial l li life. 9
PEBO’s Go To Market propo posit sition ion of Insuran ance ce, , Invest stment and Banking is unique to our footpr prin int and enables s a c comple plete financial ial relation ionship ship with our Clients People ples s has been in the banking business ss since 1902 People ples s Insuran ance ce is among g the 20 largest st bank-own wned ed insurance ce agencies ies in the United d States es Data as of December 31, 2018 Old Markets are KY, WV, SE Ohio, Cambridge and Columbus New Markets are SW and NE Ohio (including Coshocton) People ples s has financia ial l advisor isors s to meet individu vidual al 16 M Market Teams made up of and business ss (401K) needs professi ession onals als from all lines s of business ss 10
Strategic ategic Road oad Map p for or Best t Comm ommunity unity Bank k in Amer eric ica Best st Community munity Bank in Ameri rica • • Great at Place ce to Work Commitm tment nt to Superior ior Sharehold older Retur urns ns st Choice • • Clients’ 1 st Meanin ingfu ful l Impac act on Our Communi nities ties ce for Bankin ing, , Inve vestin ting and Insura urance ce Respons onsib ible le Risk k Extraor aordin inary ary Client nt Profi fitab table le Reve venu nue e First st Class Workp kplace lace Management ement Exper erience ience Growth th • Embrace Our Way of Life • Delight the Client • Hire for Values • Acquire, Grow and Retain Clients • Know the Risks: Strategic, • Deliver Expert Advice and • Strive for Excellence • Earn Client Referrals Reputation, Credit, Market, Solutions Liquidity, Operational, • Invest in Each Other Compliance • Understand Client Needs • Provide a Consistent Client and Concerns Experience • Promote a culture of learning • Do Things Right the First Time • Live the Sales and Service • Lead Meaningful Client • Coach in Every Direction Processes • Raise Your Hand Reviews • Value Our Skills and • Recognize and Reward • Discover the Root Cause • Evolve the Mobile Experience Expertise Performance • Excel at Change Management • DWYSYWD • Operate Efficiently • Balance Work and Life • Execute Thoughtful Mergers • Cultivate Diversity and Acquisitions • Spread Goodness 11
Strategi tegic Pr Prioritie orities s and d Fi Financia nancial l Res esult ults
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