Peoples Bancorp Inc. (NASDAQ:PEBO) Q2 2023 Earnings Conference Call July 25, 2023 11:00 AM ET

Company Participants

Chuck Sulerzyski - President and Chief Executive Officer

Tyler Wilcox - Chief Operating Officer

Katie Bailey - Chief Financial Officer and Treasurer

Conference Call Participants

Brendan Nosal - Piper Sandler

Daniel Tamayo - Raymond James

Tim Switzer - KBW

Nick Cucharale - Hovde Group

Terry McEvoy - Stephens

Manuel Navas - D.A. Davidson

Daniel Cardenas - Janney Montgomery Scott

Operator

Good morning and welcome to Peoples Bancorp Inc.’s Conference Call. My name is Kate and I will be your conference facilitator. Today’s call will cover a discussion of the results of operations for the 3 and 6 months ended June 30, 2023. [Operator Instructions] This call is also being recorded. If you object to the recording, please disconnect at this time.

Please be advised that the commentary in this call will contain projections or other forward-looking statements regarding Peoples’ future financial performance or future events. These statements are based on management’s current expectations. The statements in this call, which are not historical facts, are forward-looking statements and involve a number of risks and uncertainties detailed in Peoples’ Securities and Exchange Commission filings.

Management believes the forward-looking statements made during this call are based on reasonable assumptions within the balance of their knowledge of Peoples’ business and operations. However, it is possible actual results may differ materially from these forward-looking statements. Peoples disclaims any responsibility to update these forward-looking statements after this call, except as maybe required by applicable legal requirements.

Peoples’ second quarter 2023 earnings release was issued this morning and is available at peoplesbancorp.com under Investor Relations. A reconciliation of the non-generally accepted accounting principles or GAAP financial measures discussed during this call to the most directly comparable GAAP financial measures is included at the end of the earnings release. This call will include about 25 to 30 minutes of prepared commentary, followed by a question-and-answer period, which I will facilitate. An archived webcast of this call will be available on peoplesbancorp.com in the Investor Relations section for 1 year.

Participants in today’s call will be Chuck Sulerzyski, President and Chief Executive Officer; Tyler Wilcox, Chief Operating Officer; and Katie Bailey, Chief Financial Officer and Treasurer. And each will be available for questions following opening statements. Mr. Sulerzyski, you may begin your conference.

Chuck Sulerzyski

Thank you, Kate. Good morning and thank you for joining our call today. Earlier this month, Peoples communicated my retirement in March of 2024 and Tyler Wilcox was announced as my successor. The Board completed a diligent succession process. Tyler has done admirably and increasingly complex roles. For the last 3 years, he has been running all of our businesses. I am fully confident he can take us to even greater height.