Peoples Bancorp's biggest risks in the FY2024 10-K
- Interest-rate changes threaten borrower repayment, net interest results, and the effectiveness of Peoples Bank’s swaps.
The risks most specific to Peoples Bancorp
- Economic, Political, Environmental and Market Risks
Changes in interest rates may also negatively affect the ability of Peoples’ borrowers to repay their loans, particularly as interest rates rise and adjustable-rate loans become more expensive
Rising rates could make adjustable-rate loans more expensive and impair Peoples’ borrowers’ ability to repay.
- Economic, Political, Environmental and Market Risks
See the sections captioned “Net Interest Income” and “Interest Rate Sensitivity and Liquidity” in “ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K for further discussion related to Peoples’ interest rate risk
Market rates or economic conditions could make Peoples Bank’s interest rate swaps ineffective and change their accounting treatment.
- Business Operations Risks
Peoples is also at risk of the impact of natural disasters, terrorism and international hostilities on Peoples’ systems or from the effects of outages or other failures involving power or communications systems operated by others
Natural disasters, terrorism, international hostilities, or power and communications failures could disrupt Peoples’ systems, while security controls may fail.
- Business Operations Risks
For a more complete discussion of the BSA, the USA Patriot Act and the AMLA as well as OFAC, see the section captioned “Supervision and Regulation” in “ITEM 1 BUSINESS” of this Form 10-K
Third-party service providers could suffer cybersecurity incidents, system failures, or employee misconduct that disrupts significant operational services for Peoples.
- Business Operations Risks
Additionally, regulatory guidance adopted by federal and state bank regulators addressing how banks select, engage and manage their third-party relationships, could affect the circumstances and conditions under which Peoples works with third parties and the cost of managing such relationships
Third-party regulatory guidance could increase relationship-management costs, while debt covenant noncompliance could harm Peoples’ liquidity and operations.
- Business Operations Risks
Additional information regarding Peoples’ credit exposure concentration at December 31, 2024 can be found in the section captioned “Loan Concentration” in “ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K
Peoples’ allowance for credit losses may not cover expected lifetime losses in its loan portfolio, including concentrated credit exposures.
- Legislative, Regulatory and Tax Change Risks
Further information about government regulation of Peoples’ business can be found under the caption “Supervision and Regulation” in “ITEM 1 BUSINESS” of this Form 10-K
Changes in banking regulation or accounting standards, policies, estimates, or procedures could affect Peoples’ operations, financial condition, or reported results.
Risk factor headings as read
Headings as the filing states them, in filing order.
Economic, Political, Environmental and Market Risks
- 01Changes in interest rates may also negatively affect the ability of Peoples’ borrowers to repay their loans, particularly as interest rates rise and adjustable-rate loans become more expensive
- 02See the sections captioned “Net Interest Income” and “Interest Rate Sensitivity and Liquidity” in “ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K for further discussion related to Peoples’ interest rate risk
Business Operations Risks
- 03Peoples is also at risk of the impact of natural disasters, terrorism and international hostilities on Peoples’ systems or from the effects of outages or other failures involving power or communications systems operated by others
- 04For a more complete discussion of the BSA, the USA Patriot Act and the AMLA as well as OFAC, see the section captioned “Supervision and Regulation” in “ITEM 1 BUSINESS” of this Form 10-K
- 05Additionally, regulatory guidance adopted by federal and state bank regulators addressing how banks select, engage and manage their third-party relationships, could affect the circumstances and conditions under which Peoples works with third parties and the cost of managing such relationships
- 06Additional information regarding Peoples’ credit exposure concentration at December 31, 2024 can be found in the section captioned “Loan Concentration” in “ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS” of this Form 10-K
Legislative, Regulatory and Tax Change Risks
- 07Further information about government regulation of Peoples’ business can be found under the caption “Supervision and Regulation” in “ITEM 1 BUSINESS” of this Form 10-K
Other Peoples Bancorp 10-Ks
- FY2025 10-K risk factorsRisk factors section under review
Interest-rate hedge exposure fell from eight swaps totaling $75.0 million to five totaling $45.0 million.
Filed Feb 26, 2026
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The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.