Peoples Bancorp : First Quarter 2025 Investor Presentation

Published: 2025-05-15 16:44:31 ET PEBO

Published on 05/15/2025 at 16:44

WORKING TOGETHER. BUILDING SUCCESS.®

CONTENTS

WORKING

TABLE OF

PAGE 4

PROFILE, CULTURE, STRATEGY & INVESTMENT RATIONALE

BUILDING

PAGE 13

BUILT ON A SOLID FOUNDATION

PAGE 28

Q1 2025

FINANCIAL INSIGHTS

PAGE 37

Q1 2025 APPENDIX

SAFE HARBOR STATEMENT

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, 2024 (the "2024 Form 10-K"), and the earnings release for the first quarter ended March 31, 2025 (the "First Quarter Earnings Release") included in Peoples' current report on Form 8-K furnished to the Securities and Exchange Commission ("SEC") on April 22, 2025, each of which is available on the SEC's website (sec.gov) or at Peoples' website (peoplesbancorp.com). Peoples expects to file its quarterly report on Form 10-Q for the quarter ended March 31, 2025 (the "First Quarter Form 10-Q") with the SEC on or about May 1, 2025.

Investors are cautioned that forward-looking statements, which are not historical fact, involve risks and uncertainties, including those detailed in the 2024 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.

PROFILE, CULTURE, STRATEGY & INVESTMENT RATIONALE

NASDAQ: PEBO

PEBO

Loans: $6.4 billion

Assets: $9.2 billion

Deposits: $7.7 billion

Market Cap: $1.1 billion

Assets Under Admin/Mgmt: $3.7 billion

PEBO SNAPSHOT AS OF MARCH 31, 2025

PEOPLES BANK GEOGRAPHIC FOOTPRINT

COUNTIES WHERE PEBO HAS OVER $100 MILLION OF DEPOSITS AND IS NOT IN TOP 3 MARKET SHARE*

CLEVELAND

COLUMBUS

MARIETTA

CINCINNATI

CHARLESTON

LOUISVILLE

LEXINGTON

HUNTINGTON

RICHMOND

* According to FDIC annual summary of deposits as of June 30, 2024.

WORKING TOGETHER. BUILDING SUCCESS. 5

NASDAQ: PEBO

CORPORATE

OUR VISION

Our vision is to be the

BEST COMMUNITY BANK IN AMERICA

for our employees, clients, shareholders, and local communities.

OUR CORE VALUES

Our actions are guided by our core values represented by the Promise Circle, which embodies how we do business and our never ending pursuit of creating value for our associates, our communities, our clients, and our shareholders. Being true to these core values in the decisions we make and in our business practices is essential to driving sustainable long-term growth.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE ("ESG") MATTERS

In 2025 and beyond, we are committed to continuing to conduct our business in a manner that aligns with our values, our ESG areas of focus, and our investment rationale. Our ESG areas of focus are organized around our associates, our communities, our clients and our shareholders. More about our ESG practices can be found on our website at peoplesbancorp.com/esg

NASDAQ: PEBO

STRATEGIC

Commitment to Superior Shareholder Returns

Clients' First Choice for Financial Services

Great Place to Work

Meaningful Impact on Our Communities

BEST COMMUNITY BANK IN AMERICA

RESPONSIBLE

RISK MANAGEMENT

EXTRAORDINARY

CLIENT EXPERIENCE

PROFITABLE

REVENUE GROWTH

FIRST CLASS

WORKPLACE

Everyone is a Risk Manager

Know the Risks: Strategic, Reputation, Credit, Market, Liquidity, Operational, Compliance

Disciplined Credit Culture

Do Things Right the First Time

Raise Your Hand

Discover the Root Cause

Manage Change Effectively

Keep Information Secure

Treat The Client Like Family

Delight The Client

Ensure A Consistent Client Experience Across All Channels

Learn Client's Goals and Fears

Deliver Expert Advice and Solutions

Evolve the Digital Experience

DWYSYWD

(Do What You Say You Will Do)

Acquire, Grow and Retain Clients

Earn Client Referrals

Go Wide

Price for the Value We Provide

Operate Efficiently

Have Appetite For Winning

Execute Thoughtful Mergers and Acquisitions

Hire for Values

Competition Is Across the Street

Promote a Culture of Learning

Coach In Every Direction

Put Right People In Right Job

Be Accountable, No Excuses

Recognize and Reward Performance

Balance Work And Life

Cultivate Diversity

Spread Goodness / No Jerks

WORKING TOGETHER. BUILDING SUCCESS. 7

NASDAQ: PEBO

PREPARATION

SINCE 2016, WE HAVE BEEN PROACTIVELY PREPARING TO CROSS $10 BILLION IN ASSETS AND BEYOND

Core System Conversion

2016

Revamped online and mobile banking experience

2022

Upgraded to Microsoft 365

for all associates

Implemented more robust fraud detection & monitoring

Implemented best-in-class Customer Relationship Management Solution

(Salesforce)

Cloud native business and commercial loan origination system (nCino)

Deployed Robotic Process Automation in some business processes

2022-2023

Implemented system access

provisioning tools

Implemented Small Business Administration (SBA) specific loan origination system

Implemented best-in-class Insurance Agency Management Software (Applied Epic)

Implementing Governance, Risk & Compliance (GRC) system

Interactive Teller Machine

Deployment

2022: Internal Readiness Assessment for crossing $10 billion completed

2023: External Readiness Assessment for crossing $10 billion completed by third party expert

NASDAQ: PEBO

LEADING EDGE PRODUCTS,

CREDIT CARD SOLUTIONS

Purchasing card, ghost card, virtual card, credit cards for consumers and small business

COMMERCIAL CAPABILITIES

Remote deposit capture, sweep accounts and more

FRAUD PREVENTION TOOLS

Positive pay, reverse positive pay, debit card on/off switch,

24/7 fraud monitoring and more

SPECIALTY FINANCE

Online applications and servicing for leasing and premium finance

BANKING MOBILE APP

Mobile check deposit, Zelle,

Apple Pay, ACH approval and more Google Play Store Rating: 4.6 Stars

INVESTMENT and

INSURANCE APPS

Google Play Store Rating as of April 7, 2025

WORKING TOGETHER. BUILDING SUCCESS. 9

NASDAQ: PEBO

INVESTMENT

UNIQUE COMMUNITY BANKING MODEL

STRONG, DIVERSE SOURCES OF FEE INCOME

Strongest deposit market share positions in rural markets where we can affect pricing. Top 3 market share in 35 counties across three states.

Presence near larger cities puts us in a position to

capture lending opportunities in urban markets (e.g. Cincinnati, Cleveland, Columbus, Lexington, Louisville, Richmond, Washington D.C.)

Greater revenue diversity than average $1 -$10 billion

bank, with a fee income ratio of 24%*

Strong community reputation and active involvement

Nationwide insurance premium financing and equipment leasing businesses

Top 10 bank-owned insurance agency, with expertise in commercial, personal, life and health

Wealth management - $3.7 billion in assets under administration and management, including brokerage, trust and retirement planning as of March 31, 2025

Top 100 U.S. equipment leasing company (North Star Leasing and Vantage Financial, LLC combined)

10 *Non-interest income, excluding gains and loses, was 24% of total revenue for Q1 2025

NASDAQ: PEBO

INVESTMENT

CAPACITY TO GROW OUR FRANCHISE

COMMITED TO DISCIPLINED EXECUTION AND GENERATING POSITIVE OPERATING LEVERAGE

Strong capital, earnings growth and operating performance to support M&A strategy

Proven acquisition and integration capabilities and scalable infrastructure

Integrated enterprise risk management process

Focused on business line performance and contribution, operating efficiency and credit quality

Disciplined credit practice as indicated by portfolio construction and data

ATTRACTIVE DIVIDEND OPPORTUNITY

Targeting 40% to 50% payout ratio under normal operating environment

Dividend paid increased from $0.15 per share for Q1 2016 to $0.41 declared in Q1 2025

Based on the closing stock price of Peoples' common shares of $27.85 on April 17, 2025, the quarterly dividend produces an annualized yield of 5.89%

WORKING TOGETHER. BUILDING SUCCESS. 11

EXTERNAL

NASDAQ: PEBO

2024

Best of

the Tri-State

FOUR YEARS IN A ROW

BUILT ON A SOLID FOUNDATION

CAPITAL, CREDIT AND LIQUIDITY

NASDAQ: PEBO

NET INTEREST

NEAR BEST IN CLASS NET INTEREST MARGIN LARGELY DUE TO STRONG DEPOSIT FRANCHISE

DATA AS OF DECEMBER 31, 2024 PEER GROUP - NET INTEREST MARGIN

4.20%

UNIV. $1-$10 B AVERAGE: 3.32%

5.00%

4.50%

4.00%

3.50%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

PRK PEBO FFBC THFF SRCE STBA CHCO FCF GABC CCNE SYBT CTBI NWBI NBTB AUB FRME LKFN CBU WSBC TOWN HBNC TMP FISI FMNB PFC SASR

EGBN

0.00%

Source: S&P Global Market Intelligence, as of 12/31/2024. Peer financial institutions are used in this presentation for comparative purposes and are referred to as the "Peer Group". Peers include: AUB, CBU, CCNE, CHCO, CTBI, EGBN, FCF, FFBC, FISI, FMNB, FRME, GABC, HBNC, LKFN, NBTB, NWBI, PFC, PRK, SASR, SRCE, STBA, SYBT, THFF, TMP, TOWN, WSBC.

NASDAQ: PEBO

RETURN ON

PEOPLES ADJUSTED ROAA OVER THE LAST 3 YEARS

RETURN ON AVERAGE ASSETS (ROAA)

1.61%

1.47%

1.38%

1.41%

1.43%

1.33%

1.37%

1.30%

1.38%

1.27%

1.19%

1.30%

1.32%

1.27%

1.19%

1.17%

1.10%

1.12%

1.10%

1.00%

0.94%

0.87%

0.82%

0.84%

0.83%

0.80%

1.75%

1.25%

0.75%

FY2021 FY2022 FY2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024

Avg. $1-$10 Billion Universe PEBO PEBO Adjusted Peer Average

*Non-US GAAP financial measure. See Appendix.

**$1-10 Billion Universe reflects such banks as of the most recent period presented.

WORKING TOGETHER. BUILDING SUCCESS. 15

NASDAQ: PEBO

COST OF

PEBO IS BELOW THE $1 - $10 BILLION BANK UNIVERSE IN TERMS OF COST OF DEPOSITS AS OF DECEMBER 31, 2024

3.50%

PEER GROUP - TOTAL DEPOSIT COST (%)

UNIV. $1-$10 B AVERAGE: 2.24%

1.96%

3.00%

2.50%

2.00%

1.50%

1.00%

0.50%

EGBN LKFN FISI SASR CCNE AUB FRME FFBC CTBI SRCE PFC STBA TOWN

FCF SYBT WSBC PEBO HBNC FMNB THFF GABC NWBI TMP NBTB CHCO PRK

CBU

0.00%

NASDAQ: PEBO

LOAN-TO-DEPOSIT

PEBO IS BELOW THE AVERAGE OF THE $1-$10 BILLION BANK UNIVERSE IN TERMS OF LOAN-TO-DEPOSIT RATIO

DATA AS OF DECEMBER 31, 2024 PEER GROUP - LOAN-TO-DEPOSIT RATIO

84%

UNIV. $1-$10 B AVERAGE: 89%

120%

100%

80%

60%

40%

20%

STBA SASR PFC PRK SRCE FCF TMP NWBI SYBT AUB WSBC FRME CTBI FISI HBNC EGBN LKFN NBTB CCNE PEBO CHCO FFBC THFF TOWN CBU GABC

FMNB

WORKING TOGETHER. BUILDING SUCCESS. 17

NASDAQ: PEBO

LOAN

PEBO IS ABOVE THE AVERAGE OF THE PEER GROUP IN TERMS OF LOAN YIELD

DATA AS OF DECEMBER 31, 2024 PEER GROUP - LOAN YIELD

7.40%

7.18%

7.20%

7.13%

6.73%

6.16%

6.11%

5.93%

6.02%

6.21%

5.64%

5.98%

6.08%

6.10%

5.69%

5.13%

4.73%

4.58%

4.48%

4.20%

8.00%

7.00%

6.00%

5.00%

4.00%

FY2021 FY2022 FY2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024

Avg. $1-$10 Billion Universe PEBO Peer Average

*Non-US GAAP financial measure. See Appendix.

**$1-10 Billion Universe reflects such banks as of the most recent period presented.

NASDAQ: PEBO

CREDIT RISK

LOANS & LEASES*PORTFOLIO COMPOSITION

Robust concentration management process focused on portfolio risk diversification

Relationship based lending

Commercial Real Estate (CRE) and Commercial & Industrial (C&I) are balanced with Consumer

CRE financing generally for "A" tier developers only

CRE is 187% of risk based capital as of 3/31/2025

Very limited out-of-market lending

Growing consumer portfolios organically and through acquisitions

POLICY / UNDERWRITING STANDARDS

Experienced, independent commercial and consumer underwriters

Comprehensive commercial underwriting package includes standardized loan covenant language, sensitivity analysis and industry research

Risk appropriate CRE policy standards that vary by asset class

Established limits on policy exceptions; volume and trends monitored monthly

Use of government guarantee programs when appropriate

Use of automated underwriting systems to evaluate all residential loan requests (e.g. Fannie Mae Desktop Underwriter)

MANAGEMENT & MONITORING

Clear segregation of duties between sales & credit functions

Signature approval process with Credit Administration representation

Centralized risk rating, borrowing base monitoring, covenant tracking and testing

Consistent documentation and loan funding process centrally managed by Credit Administration with second review

Experienced workout team dedicated to proactive rehabilitation or exit

Construction loan monitoring and funding process independently managed by Credit Administration staff

OVERSIGHT

Board approval required for C&I relationships >$40 million

External loan review by large accounting and advisory firm

Quarterly Criticized Asset Review (CAR) meetings for loans > $0.5 million

Quarterly review of Systemically Important Relationships (SIRs)

Monthly Loan Quality Committee meetings

Internal loan reviews are performed annually on all commercial loans > $1 million

Quarterly, the CECL Assumptions Group provides recommendations on the allowance for credit losses ("ACL") based on their review of economic forecasts and the loan portfolio metrics

*Also referred to throughout this document as "total loans" and "loans held for investment"

WORKING TOGETHER. BUILDING SUCCESS. 19

NASDAQ: PEBO

ASSET

NPAS AS A PERCENT OF TOTAL ASSETS HAVE REMAINED UNDER 0.70%

$100

NONPERFORMING ASSETS (NPAs) AND NPA PERCENT OF TOTAL ASSETS

1.00%

$80 0.80%

$60 0.60%

NPA'S IN $ MILLIONS

$40 0.40%

$20 0.20%

FY-21 FY-22 FY-23 FY-24 YTD-25

0.00%

NASDAQ: PEBO

ASSET

CLASSIFIED AND CRITICIZED LOANS AS A PERCENTAGE OF TIER 1 CAPITAL ARE WELL MANAGED

CRITICIZED AND CLASSIFIED LOANS

29.11%

28.50%

26.66%

26.02%

22.06%

16.40%

13.34%

13.60%

14.16%

12.06%

40%

30%

20%

10%

FY-21 FY-22 FY-23 FY-24 YTD-25

*In accordance with SEC reporting methodologies. Criticized loans includes loans categorized as special mention, substandard or doubtful. Classified loans includes loans categorized as substandard or doubtful.

WORKING TOGETHER. BUILDING SUCCESS. 21

NASDAQ: PEBO

CRE CONCENTRATION

CRE EXPOSURE IS WELL BELOW SUPERVISORY CRITERIA ESTABLISHED TO IDENTIFY INSTITUTIONS WITH HEIGHTENED CRE CONCENTRATION RISK

PEER GROUP - CRE LOANS / RISK-BASED CAPITAL

259%

170%

DATA AS OF DECEMBER 31, 2024

400%

350%

300%

250%

200%

150%

100%

50%

EGBN SASR TMP AUB FISI STBA

$1-10B Average

SYBT WSBC THFF PFC TOWN CCNE FCF LKFN FFBC HBNC FMNB CHCO NBTB GABC PEBO CBU FRME PRK NWBI SRCE

Source: S&P Global Market Intelligence, Commercial Bank Call Report Data as of 12/31/24. Per April 2013 OCC-FRB Guidance. CLD Loans defined as total loans for construction, land and land development. CRE Loans defined as total non-owner-occupied CRE loans (including CLD). Info for CTBI not available.

Peer financial institutions are used in this presentation for comparative purposes and are referred to as the "Peer Group". Peers include: AUB, CBU, CCNE, CHCO, CTBI, EGBN, FCF,

22 FFBC, FISI, FMNB, FRME, GABC, HBNC, LKFN, NBTB, NWBI, PFC, PRK, SASR, SRCE, STBA, SYBT, THFF, TMP, TOWN, WSBC.

NASDAQ: PEBO

CRE CONCENTRATION

PEBO IS MEANINGFULLY BELOW THE AVERAGE FOR $1-10 BILLION BANKS

IN TERMS OF CONSTRUCTION, LAND AND LAND DEVELOPMENT LOANS / RISK-BASED CAPITAL

DATA AS OF DECEMBER 31, 2024

PEER GROUP - CONSTRUCTION, LAND AND LAND DEVELOPMENT LOANS / RISK-BASED CAPITAL

47%

35%

140%

120%

100%

80%

60%

40%

20%

EGBN FISI SASR THFF SYBT LKFN WSBC AUB TMP TOWN

PFC

$1-10B… CCNE FRME FFBC FCF HBNC GABC

PEBO STBA PRK CBU FMNB SRCE NBTB NWBI

CHCO

Peers include: AUB, CBU, CCNE, CHCO, CTBI, EGBN, FCF, FFBC, FISI, FMNB, FRME, GABC, HBNC, LKFN, NBTB, NWBI, PFC, PRK, SASR, SRCE, STBA, SYBT, THFF, TMP, TOWN, WSBC.

WORKING TOGETHER. BUILDING SUCCESS. 23

NASDAQ: PEBO

LOAN

LOAN COMPOSITION REFLECTS DIVERSIFIED RISK PROFILE

TOTAL LOAN PORTFOLIO = $6.4 BILLION

10%

29%

61%

COMMERCIAL

CONSUMER

SPECIALTY FINANCE

COMMERCIAL LOAN PORTFOLIO = $3.9 BILLION

35%

57%

COMMERCIAL REAL ESTATE

COMMERCIAL & INDUSTRIAL

CONSTRUCTION

CONSUMER LOAN PORTFOLIO = $1.8 BILLION

13%

45%

36%

RESIDENTIAL REAL ESTATE

CONSUMER, INDIRECT

HOME EQUITY LINE OF CREDIT

CONSUMER, DIRECT

SPECIALTY FINANCE PORTFOLIO = $0.7 BILLION

40%

60%

LEASES

PREMIUM FINANCE

24 Data as of March 31, 2025.

NASDAQ: PEBO

LOAN

TOTAL C&I PORTFOLIO* = $1.3 BILLION TOTAL CRE PORTFOLIO* = $2.2 BILLION

FOOD SERVICES

RETAIL TRADE

APARTMENT

18%

25%

CONTRACTORS

18%

RETAIL

MANUFACTURING

INDUSTRIAL

REAL ESTATE

OFFICE BUILDING

AMBULATORY SERVICES

LODGING

21%

WHOLESALE TRADE

PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES

TRANSPORTATION

ASSISTED LIVING

272%6%

11%

WAREHOUSE

RESTAURANT

MIXED USE

MACHINERY MANUFACTURING

OTHER

HEALTHCARE

OTHER

GEOGRAPHIC DISPERSION OF TOTAL LOAN EXPOSURE

(COMMITMENTS)^

3% 3%

19%

52%

21%

OHIO

KENTUCKY

WEST VIRGINIA

VIRGINIA

MARYLAND

WASHINGTON DC

PENNSYLVANIA

OTHER STATES

NORTH STAR LEASING BY SEGMENT

RESTAURANT

21%

TITLED - VOCATIONAL

33%

TRUCKING/TRAILER/FLEET

BREWERY/DISTILLERY

HEAVY EQUIPMENT

MANUFACTURING

13%

10%

7 OTHER

Data as of March 31, 2025.

*Total includes commercial real estate and construction loans, and exposure includes commitments.

**Top ten categories in terms of loan size are shown (remaining categories in other)

^ EXCLUDES PREMIUM FINANCE, NORTH STAR LEASING AND VANTAGE LEASING

WORKING TOGETHER. BUILDING SUCCESS. 25

NASDAQ: PEBO

PRUDENT USE

DIVIDENDS

10 straight years of increasing dividends

Dividend paid increased from $0.15 per share for

Q3 2016 to $0.41 per share declared in Q1 2025

Based on the closing stock price of Peoples' common shares of $27.85 on April 17, 2025, the quarterly dividend produces an annualized yield of 5.89%

$1.55

$1.59

$1.43

$1.50

$1.32

$1.37

$1.16

$0.84

$0.60 $0.64

2015

2016

2017

2018

2019

2020

2021 2022

2023

2024

CASH DIVIDENDS

(Paid on Common Shares)

ORGANIC GROWTH

SHARE REPURCHASES

ACQUISITION ACTIVITIES

4% annualized loan growth in Q1 2025

2% deposit growth in

Q1 2025

Repurchased shares in 2020, 2022 ($7.4 million),

2023 ($3 million), 2024 ($3 million) and 2025 ($0.5 million)

Acquisitions completed since 2011:

10 banks

14 insurance

4 investment

2 equipment leasing

1 premium finance

NASDAQ: PEBO

INVESTMENT

STRENGTH IN THE CURRENT ENVIRONMENT (AS OF MARCH 31, 2025)

Average retail customer deposit relationship: $26,000

Median retail customer deposit relationship: $2,900

27% of our deposit balances exceeded FDIC1

insurance limits (18% if you exclude collateralized governmental deposits)

76% of our deposits are retail deposits

(consumer and small businesses)

DEPOSITS

NPAs of 0.50% as a percentage of total assets

98.5% of loan portfolio "current" at quarter-end

Total outstanding balance of commercial office space was $192 million or 3.0% of total loans

0.52% net charge-offs to average loans as of Q1 2025

CREDIT

Loan-to-deposit ratio of 83%

$723.7 million in liquefiable assets

$3.9 billion of contingent liquidity sources (nearly

$1 billion of the available funding is from lines available from the FHLB2and the FRB3)

LIQUIDITY

Continue to exceed the capital required by FRB to be deemed well capitalized.

Tier 1 capital ratio was 12.54%

Tangible book value per share was $20.68

CAPITAL

1Federal Deposit Insurance Corporation 2Federal Home Loan Bank 3Federal Reserve Bank

WORKING TOGETHER. BUILDING SUCCESS. 27

Q1 2025 FINANCIAL INSIGHTS

Q1 2025

NASDAQ: PEBO

1.07%

4.12%

$24 MILLION OR $0.68 PER DILUTED COMMON SHARE

0.52% OF AVERAGE TOTAL LOANS

60.7%

83%

Q1 2025

RETURN ON AVERAGE ASSETS

NET INTEREST MARGIN

NET INCOME NET CHARGE-OFFS

EFFICIENCY

RATIO

LOAN TO DEPOSIT RATIO

WORKING TOGETHER. BUILDING SUCCESS. 29

NASDAQ: PEBO

TOTAL

RECORD TOTAL REVENUE IN 2024

$103,092

$93,950

$79,513

$339,374

$348,701

$69,254

$253,442

$172,553

$27,462

$85,255

$500,000

$400,000

$300,000

$200,000

$100,000

FY-21 FY-22 FY-23 FY-24 YTD-25

Disclaimer

Peoples Bancorp Inc. published this content on May 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2025 at 20:42 UTC.