Peoples Bancorp Recorded A Provision For Credit Losses Of $5.7M For Q2 Of 2024, Compared To $8.0M YoY
Portfolio Pulse from Benzinga Newsdesk
Peoples Bancorp (PEBO) reported a provision for credit losses of $5.7 million for Q2 2024, down from $6.1 million in the previous quarter and $8.0 million in Q2 2023.
July 23, 2024 | 10:22 am
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Peoples Bancorp's provision for credit losses decreased to $5.7 million in Q2 2024, indicating improved credit conditions compared to both the previous quarter and the same quarter last year.
The decrease in provision for credit losses suggests improved credit quality and financial health, which is likely to positively impact investor sentiment and the stock price in the short term.
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