2022年第4季度投资者演示文稿

共同打造成功2目录第5页简介、投资理念、文化和战略第11页信贷、资本和流动资金第23季度和2022财年财务洞察第35季度和2022财年附录

3第5页简介、投资理念、文化和战略第11页信用、资本和流动性第23页第4季度和2022财年财务洞察力第35页第4季度和2022财年附录中非历史性的陈述属于《1933年证券法》(经修订)第27A节、《1934年证券交易法》(经修订)第21E节和《1995年私人证券诉讼改革法》所指的“前瞻性陈述”。这些前瞻性陈述可能包括对People Bancorp Inc.(“People”)的战略计划和目标或预期未来业绩和事件的讨论。本演示文稿中的信息应与人民截至2021年12月31日的财政年度10-K表格年度报告(“2021年10-K表格”)和截至2022年12月31日的第四季度收益发布(“第四季度收益发布”)一起阅读，这些报告包含在人民于2023年1月24日提交给美国证券交易委员会(“美国证券交易委员会”)的当前8-K表格报告中，两者均可在美国证券交易委员会的网站(sec.gov)或人民网站(Peoplesbancorp.com)上查阅。People预计将于2023年2月27日左右向美国证券交易委员会提交截至2022年12月31日的财年Form 10-K(即2022年Form 10-K)年度报告。根据美国公认会计原则的要求，People必须在其2022年12月31日的合并财务报表作为其2022年Form 10-K的一部分之前评估后续事件的影响。因此，可能会发生后续事件，导致People更新其关键会计估计数并修订本演示文稿中所载的财务信息。投资者请注意，前瞻性陈述不是历史事实, 涉及风险和不确定因素，包括在2021年Form 10-K表第一部分第1A项“风险因素”一节和第四季度收益发布中详细说明的风险和不确定性。因此，实际结果可能与本报告中的前瞻性陈述所设想的结果大相径庭。管理层认为，这些前瞻性陈述中的预期是基于管理层对People的业务和运营的了解范围内的合理假设。各国人民概不负责更新这些前瞻性陈述，以反映本报告发表之日之后发生的事件或情况。投资者和股东的重要信息本演示文稿不构成出售或邀请购买People Bancorp Inc.(“People”)证券的要约。People于2023年1月6日提交了S-4表格和其他文件，涉及拟议中的与石灰石银行(以下简称石灰石)和美国证券交易委员会的合并。注册声明包括一份联合委托书/招股说明书，在People和Limstone各自召开股东特别会议审议拟议的合并之前发送给两家公司的股东。我们敦促投资者和证券持有人阅读提交给美国证券交易委员会的与拟议交易相关的委托书/招股说明书和任何其他相关文件，因为它们包含有关People、石灰石和拟议合并的重要信息。投资者和证券持有人可以通过美国证券交易委员会维护的网站www.sec.gov免费获取这些文件。这些文件也可以免费获得。, 在People‘s网站www.Peoplesbancorp.com的“投资者关系”选项卡下，或联系人民投资者关系部：People Bancorp Inc.，138Putnan Street，PO Box 738，Marietta，Ohio 45750，Attn：Investor Relationship。People、Limstone及其某些董事和高管可被视为与拟议合并相关的委托书征集的参与者。有关这些参与者和可能被视为交易参与者的其他人的利益的信息，可以通过阅读有关拟议合并的委托书/招股说明书获得。有关People董事和高管的更多信息载于People 2022年度股东大会的委托书，该声明于2022年3月17日提交给美国证券交易委员会的附表14A。SA FE H AR BO R ST AT EM EN T

4携手共创成功

5简介、投资理念、文化和战略

6PEBO地理简介纳斯达克：PEBO WV Vaky OH MD DC俄亥俄州沃伦县49卡莱尔50富兰克林51汉密尔顿镇52黎巴嫩53梅森54斯普林伯勒55韦恩斯维尔汉密尔顿县56马德拉57蒙哥马利58辛辛那提LPO东59辛辛那提LPO西克莱蒙特县60巴达维亚61米尔福德62米尔福德LPO 63威廉斯堡布朗县64撒丁岛65乔治敦65俄亥俄州66奥拉伯山67里普利-费尔菲尔德县25巴尔的摩26兰开斯特27兰开斯特-费尔菲尔德县雅典28-法院街29雅典梅尔弗尔县30内尔索维尔迈格斯县31皮莫罗伊32劳伦斯劳伦斯县34普罗伦顿杰克逊县36 36韦尔托托37威廉斯堡布朗县64撒丁岛65乔治敦66俄勒冈州66里普利67圣费尔菲尔德县25巴尔的摩26兰开斯特27兰开斯特-费尔菲尔德县雅典28-法院29街29雅典梅尔弗尔斯县30内尔索维尔迈格斯县31普罗米诺伊州劳伦斯劳伦斯县34普罗伦顿杰克逊县35杰克逊36威尔托姆斯顿县县38朴茨茅斯39朴茨茅斯北40肖托维尔41惠勒斯堡派克县42韦弗利加里亚县33加洛波利斯克林顿县44布兰切斯特45新维也纳46萨比纳47威尔明顿主大街48威尔明顿广场高地县43希尔斯伯勒凯霍加县22纽瓦克23希思富兰克林县24沃辛顿华盛顿县1玛丽埃塔主线2边疆3第二街4雷诺5洛维尔6贝尔普尔峰会县16诺顿17阿克伦LPO 18阿克伦主街19凯霍加瀑布20卡姆格尔德威利大道11-剑桥第六科斯维尔13科诺克斯县14弗农斯塔克县15北坎特伍德卡约霍加县21贝赫伍德县8诺顿17阿克伦LINVE 18阿克伦美因河19凯霍加瀑布20卡姆格尼尔代尔轮道11-剑桥第六科诺克斯韦尔13科诺克斯县14弗纳斯塔克县15北坎顿卡霍加县21贝奇伍德县8诺顿17阿克伦LPO 18阿克伦美因河19凯霍加瀑布20格恩西县10坎布里奇科斯维尔13科诺克斯县14弗农斯塔克县15北坎顿凯霍加县21贝赫伍德县8诺顿17阿克龙LPO 18阿克伦美因河19凯霍加瀑布20卡姆格科斯维尔第六坎布里奇科诺克斯县14弗农斯塔克县15北坎顿卡约加加县县7考德威尔绿化县78绿化县79拉塞尔博伊德县80阿什兰81山顶梅森县73梅斯维尔刘易斯县74文森州75文斯维尔AA高速公路76驻军77托尔斯伯勒肯顿县69莱特坎贝尔堡县70冷泉县71布鲁克斯维尔罗伯逊县72芒特奥利维特布恩县68佛罗伦萨厄普舒尔县115巴克汉农巴伯县116菲利普哈里森县117布里奇波特马里恩县118费尔蒙特LPO红土县123克莱卡瓦哈县126查尔斯顿125查尔斯顿宾夕法尼亚大道126斯宾塞大道119斯宾斯通125查尔斯顿宾夕法尼亚艾夫罗恩县斯宾塞车道119 125查尔斯顿125查尔斯顿宾夕法尼亚艾夫罗恩县斯宾塞主干道119 127伯恩斯韦121伯恩斯维尔绿洲平地111县白斯普林斯温泉112 112路易斯堡市中心维也纳97 Emerson 98师99 PETTYVILLE 100矿泉井泰勒县95 SISTERSVILLE杰克逊县101拉文斯伍德102里普利WV米勒博士梅森县103点宜人卡贝尔县104亨廷顿西105亨廷顿东106亨廷顿LPO林肯县107西哈姆林洛根县108洛根布恩县109麦迪逊罗利县110贝克利LPO韦泽尔县94新马丁斯维尔派克县83皮克维尔84皮克维尔保险弗洛伊德县85 86普雷斯顿斯堡87北侧约翰逊县88帕因茨维尔马格菲恩县89谢尔斯维尔马丁县90杰克逊Y杰克逊91凯恩特县92乔治城亨利县93骇维金属加工西弗吉尼亚州杜肯特街132克维县94新马丁斯维尔派克县83皮克维尔84皮克维尔保险公司弗洛伊德县85马丁86普雷斯顿堡县88佩恩茨维尔马格菲恩县89谢尔斯维尔马丁县82伊内斯布莱茨县90杰克逊Y主因91凯恩县92乔治城亨利县93弗吉尼亚州杜松顿市132街康奈蒂克大街133号DC蒙哥马利县134雪佛兰追逐马里兰州128科文顿129里士满130汉普顿弗吉尼亚州哥伦布克利夫兰辛辛那提列克星敦路易斯维尔里士满查尔斯顿玛丽埃塔亨廷顿人民银行地理足迹县PEBO存款超过1亿美元但市场份额不在前3名的县*PEBO市场份额前3名的县*截至12月31日的PEBO足迹快照, 2022年贷款：47亿美元资产：72亿美元存款：57亿美元市值：7.991亿美元行政/管理下的资产：30亿美元*根据FDIC截至2022年6月的年度存款摘要。有石灰岩岸边的县

纳斯达克：毕马威投资理念7WORKING Together。建设成功。®纳斯达克：PEBO WV Vaky OH MD DC俄亥俄州沃伦县49卡莱尔50富兰克林51汉密尔顿镇52黎巴嫩53梅森54斯普林伯勒55韦恩斯维尔汉密尔顿县56马德拉57蒙哥马利58辛辛那提LPO东59辛辛那提LPO西克莱蒙特县60巴达维亚61米尔福德62米尔福德LPO 63威廉斯堡布朗县64撒丁岛65乔治敦俄亥俄州66里普利市圣费尔菲尔德县25巴尔的摩26兰开斯特27兰开斯特-费尔菲尔德县28雅典-法院街29-30内尔维利梅尔维尔梅格斯县31 Pomeroy 32 Pomeroy Lawrville县34普罗伦斯县35艾伦顿杰克逊县36 37圣卫尔菲尔德县25巴尔的摩26拉曼斯特27拉卡斯特-费尔菲尔德县28雅典-法院街29-30内尔维利梅尔索斯县31珀诺罗伊市32劳伦斯县34普罗伦斯县35艾伦顿县36 36 37圣卫尔斯顿县肖托县38朴茨茅斯39朴茨茅斯北40肖托维尔41惠勒斯堡派克县42韦弗利加里亚县33加洛波利斯克林顿县44布兰切斯特45新维也纳46萨宾纳47威尔明顿主街48威尔明顿广场高地县43希尔斯伯勒凯霍加县22纽瓦克23希思富兰克林县24沃辛顿华盛顿县1玛丽埃塔主线2边疆3第二街4雷诺5洛维尔6贝尔普里山顶县16诺顿17阿克伦LPO 18阿克伦主街19凯霍加瀑布20门罗瀑布格恩西县10卡姆吉科雷克斯威克县14弗农斯塔克县15北坎顿卡约霍加县21贝赫伍德摩根8马赫伍德5洛厄尔6贝普里峰会16诺顿17阿克伦LPO 18阿克伦19凯霍加瀑布20坎布里奇比恩西县12科雷克斯克斯县14弗农斯塔克县15北坎顿卡约戈加县21诺布尔县7考德威尔绿化县78绿化县79拉塞尔博伊德县80阿什兰德县81山顶梅森县73梅斯维尔刘易斯县74文斯堡主干道76号高速公路76驻军77托尔斯伯勒肯顿县69莱特坎贝尔堡县70冷泉县71布鲁克斯维尔罗伯逊县72芒特奥利维特布恩县68佛罗伦萨厄普舒尔县115巴克汉弗农巴伯县116菲利普哈里森县117布里奇波特马里恩县118费尔蒙特LPO克雷县123克利斯顿卡纳瓦哈县124斯潘克斯顿县125查尔斯顿宾夕法尼亚州大道罗恩县126斯潘克斯维尔主干道127布拉克斯顿县119加萨韦121格林布赖尔县白硫泉112北莱维斯堡113龙克韦尔县96维也纳97 Emerson 98师99矿产井泰勒县95 SISTERSVILLE杰克逊县101拉文斯伍德102里普利WV米勒博士梅森县103点宜人卡贝尔县104亨廷顿西105亨廷顿东106亨廷顿LPO林肯县107西哈姆林洛根县108洛根布恩县109麦迪逊罗利县110贝克利LPO韦泽尔县94新马丁斯维尔派克县83皮克维尔84皮克维尔保险弗洛伊德县85马丁86北边约翰逊县88帕因茨维尔马格菲恩县89锡里斯维尔·马丁·布莱特斯县91杰克逊·肯特郡92斯科特·亨利县93肯塔基州西弗吉尼亚州K街132圈133康奈蒂克大道DC蒙哥马利县134雪佛兰追逐马里兰州128科文顿129里士满130汉普顿弗吉尼亚州哥伦布克利夫兰辛辛那提列克星敦路易斯维尔里士顿查尔斯顿玛丽埃塔亨廷顿独特的社区银行模式·我们可以影响定价的更多农村市场最强大的存款市场份额头寸。在三个州的32个县的市场份额排名前三。·靠近较大城市的存在使我们能够抓住城市市场的贷款机会(例如辛辛那提, 克利夫兰、哥伦布、华盛顿特区和里士满)·收入多样性高于平均水平10-100亿美元的银行，手续费收入比率为24%*·强大的社区声誉和积极参与·全国保险费融资和设备租赁业务强劲、费用收入来源多样·第17大银行所有的保险机构，拥有商业、个人、人寿和健康方面的专业知识·财富管理-截至12月31日，管理和管理的资产规模为30亿美元，包括经纪、信托和退休计划，2022年·美国100强设备租赁公司有能力扩大我们的特许经营权·强大的资本、收益增长和运营业绩支持并购战略·成熟的集成能力和可扩展的基础设施，致力于严格执行并产生积极的运营杠杆·强大、集成的企业风险管理流程·专注于业务线业绩和贡献，运营效率和信贷质量·投资组合结构和投资组合数据表明的有纪律的信贷做法有吸引力的股息机会·在正常运营环境下，目标是40%至50%的派息率·支付的股息从2016年第一季度的每股0.15美元增加到最近一个季度的0.38美元·始终如一地评估股息并进行相应调整-2022年1月20日的年化股息率为5.37%*截至2012年12月31日，非利息收入(不包括损益)占总收入的百分比

8企业文化纳斯达克：PEBO我们的愿景是成为美国最好的社区银行环境、社会和治理(ESG)至关重要在我们庆祝成立120周年之际，我们致力于以确保人民将继续存在的方式开展业务。2022年，我们继续建立和改进我们的ESG监督框架，并进一步发展我们的可持续发展战略。我们的ESG重点领域围绕我们的同事、我们的社区、我们的客户和我们的股东组织。有关我们ESG实践的更多信息，请访问我们的网站Peoplesbancorp.com/About-Us/About-People。我们的行动以Promise Circle为代表的核心价值观为指导，体现了我们的经营方式，以及我们对员工、社区、客户和股东创造价值的永无止境的追求。在我们做出的决策和我们的业务实践中忠于这些核心价值观，对于推动可持续的长期增长至关重要。我们的核心价值观

纳斯达克：PEBO战略路线图9携手共进。建设成功。®纳斯达克：PEBO·每个人都是风险管理者·了解风险：战略、声誉、信用、市场、流动性、运营、合规·有纪律的信用文化·第一次做正确的事情·举手·发现根本原因·有效管理变化·确保信息安全·像对待家人一样对待客户·取悦客户·确保所有渠道的一致客户体验·了解客户的目标和恐惧·提供专家建议和解决方案·发展数字体验·DWYSYWD(照你说的做)·收购，发展和留住客户·获得客户推荐·广泛经营·为我们提供的价值付出代价·高效运营·渴望成功·进行深思熟虑的合并和收购·按价值招聘·竞争在街对面·推广学习文化·全方位指导·让合适的人做正确的工作·负责任，没有借口·认可和奖励业绩·平衡工作和生活·培养多样性·传播善意/不做坏事负责的客户体验盈利收入增长一流的工作场所·对卓越股东回报的承诺·客户的金融服务首选·工作的好地方·对我们社区最佳社区银行的重大影响

10外部认可纳斯达克：PEBO SBA财年截至2022年9月30日派克县，肯塔基州约翰逊县，肯塔基州弗洛伊德县，肯塔基州人民银行是2022年仅有的30家员工在1,000至2,499人之间的公司之一。2022年人民银行已连续两年获得认可。俄亥俄州，俄亥俄州博伊德县，俄亥俄州和劳伦斯县，俄亥俄州2022社区奖在SBA 7(A)批准的贷款人民银行排名全国，俄亥俄州和肯塔基州WV TOP 10%TOP 15 TOP 10通过做好事2022奖

纳斯达克：PEBO 11信用、资本和流动性

0.16%0%20%40%60%80%100%120%EG BN LK FN CT BI FI SI FR M E TH FF PF C SR CE CC N E FM N B SA SR to W N PR K HB N C ST BA SY BT G AB C TM P FF BC PE BO CH CO CB U N W BI N BT B FC F总存款成本(%)12存款成本纳斯达克：PEBO PEBO截至9月30日的存款成本低于10-100亿美元的银行宇宙，2022年同业组-总存款成本(%)来源：标普全球市场情报，截至2022年9月30日。同业金融机构在本演示文稿中用于比较目的，被称为“代理同业集团”。这些金融机构的母公司不属于人民薪酬委员会在分析和制定2022年高管薪酬时使用的金融机构控股公司的同业集团。大学。1-100亿美元平均：0.37%的低贷存比提供低成本流动性，为未来增长提供资金

同业集团-总存款成本(%)78.61%55%65%75%85%95%105%115%贷款/存款-同业集团纳斯达克：PEBO存款特许经营权13WORKING。建设成功。®纳斯达克：PEBO低贷存比提供低成本流动性，为未来增长提供资金来源：标准普尔全球市场情报，截至2022年9月30日。同业金融机构在本演示文稿中用于比较目的，被称为“代理同业集团”。这些金融机构的母公司不属于人民薪酬委员会在分析和制定2022年高管薪酬时使用的金融机构控股公司的同业集团。同业集团-贷款/存款N O T T O S C A le Univ.1-100亿美元平均：84.65%

14净息差纳斯达克：PEBO同类最佳净息差很大程度上是由于强大的存款特许经营同行集团-净息差来源：标准普尔全球市场情报，截至2022年9月30日。同业金融机构在本演示文稿中用于比较目的，被称为“代理同业集团”。这些金融机构的母公司不属于人民薪酬委员会在分析和制定2022年高管薪酬时使用的金融机构控股公司的同业集团。TriState Capital Holdings，Inc.没有包括在内，因为数据不可用。0.00%1.00%2.00%3.00%4.00%5.00%大学1-100亿美元平均：3.63%4.19%

同类最佳的净息差很大程度上是由于强大的存款特许经营权同业集团-净息差纳斯达克：PEBO信用风险管理过程15一起工作。建设成功。®纳斯达克：东亚银行贷款与租赁*投资组合构成·专注于投资组合风险分散的稳健集中管理流程·基于关系的贷款·商业房地产(CRE)和商业与工业(C&I)与消费者保持平衡·CRE融资一般仅适用于A级开发商·CRE在2022年12/31占基于风险的资本的215%·市场外贷款非常有限·消费者投资组合通过有机和收购不断增长·72亿美元的银行，每种关系的最大贷款敞口有3,000万美元的内部指导方针/承保标准·经验丰富独立的商业和消费者承销商·全面的商业承保方案包括标准化的贷款契约语言、敏感性分析和行业研究·风险适用的CRE政策标准因资产类别而异·对政策例外情况设定了限制；每月监测的数量和趋势·在适当情况下使用政府担保计划·3,000万美元贷款敞口的简化审批程序·大型会计和咨询公司的外部贷款审查·季度批评资产审查(CAR)会议·对系统重要性关系(SIR)的季度审查·每月贷款质量委员会会议*在本文件中也称为“总贷款”和“为投资而持有的贷款”

16资产质量纳斯达克：PEBO 0.000%0.125%0.250%0.375%20222021 20202020192018 2017年化撇账净额冲销百分比平均贷款90%95%100%20222021 2020202018 2017被视为当前贷款的百分比被视为当前贷款的百分比我们的拖欠和净冲销趋势六年来保持稳定98.6%0.15%0.15%0.04%0.05%0.13%0.13%99.1%98.8%98.5%98.5%2019年和2020年较低的冲销率是由于大量回收。2021年冲销的增加是由于一项商业和工业贷款关系的50万美元冲销和租赁冲销(比我们的核心特许经营权更高的冲销业务)98.6%0.16%

纳斯达克：PEBO资产质量17携手共进。建设成功。®纳斯达克：PEBO 2021年第三季度不良资产增加主要是由于获得的贷款**亚利桑那州2016-13年度购买的信用恶化贷款的会计处理导致390多万美元的贷款于2020年1月1日从逾期90天以上和应计类别转移到非应计类别。截至2019年12月31日，这些贷款作为逾期90天以上的应计贷款列报，尽管它们不是应计利息收入，因为它们是因收购会计确认的折扣而增加的收入。截至2021年9月30日的季度，NPA的变化是从Premier Financial Bancorp，Inc.收购了价值1110万美元的OREO财产的结果。不良资产包括逾期90天以上的贷款和应计贷款、重新协商的贷款、非应计贷款和其他拥有的房地产。N PA‘s In$M IL Li O N S$0$10$20$30$40$50$60 Q4-22Q3-22Q2-22Q1-22Q4-21Q3-21Q2-21Q1-21Q4-20Q3-20Q2-20Q1-20201920182017 NPA组成C&I住宅CRE HELOC消费者

18资产质量纳斯达克：PEBO资产质量0%5%10%15%20%25%30%35%40%45%50%Q4-22Q3-22Q2-22Q1-22Q4-21Q3-21Q2-21Q1-21Q4-20Q3-20Q2-20Q1-20FY-19FY-18FY-17将贷款归类并批评为A级资本的百分比管理良好。由于收购Premier Financial Bancorp，Inc.，第三季度实现增长。*按照美国证券交易委员会的报道方法。批评贷款包括被归类为特别提及、不合格或可疑的贷款。分类贷款包括分类为不合标准或可疑的贷款。分类贷款/一级资本+全部贷款*批评贷款/一级资本+全部贷款*25.61%28.10%10.78%13.14%21.22%14.49%19.58%14.82%22.42%14.15%26.54%16.37%27.09%15.52%16.17%24.74%15.70%25.83%35.72%29.11%15.99%21.69%16.40%30.93%28.76%18.31%14.56%25.29%13.34%28.50%

145%246%0%50%100%150%200%250%300%350%400%SRCE NWBI PRK CBU FMN B PEBO NBTB THFF HBNC LKFN FRME GABC CHCO CCNE FCF FISI SYBT$1-10B平均FFBC TMP镇PFC STBA EGBN SASR同业银行子银行-CRE贷款/基于风险的资本纳斯达克：PEBO CRE集中度分析19WORKING。建设成功。®纳斯达克：PEBO CRE敞口远低于为识别CRE集中度较高的机构而建立的监管标准同行组-CRE贷款/基于风险的资本来源：标准普尔全球市场情报，商业银行看涨报告数据截至9/30/22。根据2013年4月OCC-FRB指南。CLD贷款定义为用于建筑、土地和土地开发的贷款总额。CRE贷款定义为非业主自用CRE贷款总额(包括CLD)。CTBI的信息不可用。以上使用代理对等组是为了进行比较。300%是根据监管指南被认为是CRE集中风险增加的水平。

34%45%0%10%20%30%40%50%60%70%80%90%100%110%CHCO SRCE FMNB NBTB NWBI CBU PRK HBNC TMP PEBO FFBC FCF STBA$1-10B平均FRME GABC FISI SYBT CCNE LKFN THFF town PFC SASR EGBN Peer Bank Subs--建筑、土地和土地开发贷款/基于风险的资本20 CRE集中度分析纳斯达克：PEBO来源：标准普尔全球市场情报，商业银行看涨报告数据截至2012年9月30日。根据2013年4月OCC-FRB指南。CLD贷款定义为用于建筑、土地和土地开发的贷款总额。CRE贷款定义为非业主自用CRE贷款总额(包括CLD)。CTBI的信息不可用。以上使用代理对等组是为了进行比较。100%是根据监管指引被认为是建设、土地和土地开发集中风险增加的水平。PEBO显著低于10-100亿美元银行同业集团的平均水平-建筑、土地和土地开发贷款/基于风险的资本总贷款组合=47亿美元

同业集团-建筑，土地和土地开发贷款/基于风险的资本纳斯达克：PEBO贷款组合21一起工作。建设成功。®纳斯达克：PEBO总贷款组合=截至2022年12月31日的47亿美元数据。*总额包括商业地产和建筑贷款，敞口包括承诺。**显示了贷款规模的前十大类别(其他类别中的其余类别)贷款构成反映了多样化的风险概况商业和工业19%非业主占用(CRE)19%住宅房地产16%消费者16%间接业主占用(CRE)12%租赁7%建筑5%房屋净值信用额度4%保费融资贷款3%消费者，直接2%1 2 3 4 5 6 7 8 9 10 CRE总投资组合*=14亿美元零售11%写字楼11%轻工业10%公寓10%混合用途7%住宿7%仓库5%辅助生活4%教育服务4%其他31%**12345678910餐饮服务24%零售业16%贸易承包商10%房地产7%制造业(食品、饮料、纺织、皮革)6%批发贸易4%塑料和橡胶制品制造业3%流动医疗保健服务3%教育服务3%机械制造3%其他21%**1 2 3 4 5 6 7 8 9 10 11其他教育辅助生活仓库住宿公寓混合用途轻型工业Oce建筑物零售商业房地产组合3 2 5 1 6 7 8 9 10 4总投资组合=9亿美元, 包括购买力平价贷款C&I图2 1 3 4 5 6 7 8 9 10 11贷款组合商业房地产组合贷款组合(不包括存款透支)2 3 1 4 5 7 8 6 9 10贷款敞口(承诺)^俄亥俄州59.6%西弗吉尼亚州22.1%肯塔基州11.3%弗吉尼亚州2.5%马里兰州2.1%DC 0.4%宾夕法尼亚州0.2%其他州1.8%1 2 3 4 5 6 7 8其他PA DC MD VA KY WV OH 3 2 1 6 784^不包括保费融资，北极星租赁和优势租赁

22谨慎使用资本纳斯达克：PEBO资本优先·有机增长·分红·股票回购·收购活动分红·7年增加分红。支付的股息从2016年第一季度的每股0.15美元增加到最近一个季度的0.38美元·根据人民普通股在2023年1月20日的收盘价28.31美元，季度股息产生5.37%的年化收益率股票回购·谨慎回购股票·2022年回购740万美元，并在2020年每个季度回购股票·由于即将与Limstone Bancorp，Inc.合并，股票回购计划已暂停。

Q4 & FY 2022 FINANCIAL INSIGHTS 23

2022财年第四季度亮点和主要影响纳斯达克：截至2023年1月3日针对代理对等组的PEBO社交媒体数据(基于纳斯达克符号)：TONY、FFBC、CBU、FRME、NWBI、SASR、TSC、NBTB、EGBN、PRK、FCF、STBA、SRCE、TMP、PFC、HBNC、LKFN、SYBT、CHCO、GABC、FISI、CTBI、CCNE、THFF、FMNB人民银行是社交媒体追随者的前三分之一，在代理同行组(25家银行)#6#6#6#7金融：·People公布2022年第四季度净收入为2690万美元，稀释后普通股收益为0.95美元。相比之下，People确认2022年第三季度每股稀释后普通股收益为0.92美元，2021年第四季度每股稀释后普通股收益为0.98美元。·就全年而言，People录得净收益1.013亿美元，或每股稀释后普通股3.60美元，而2021年全年为4760万美元，或每股稀释后普通股2.15美元。·与相关季度相比，净利息收入增加了360万美元，增幅为5%；与2021年第四季度相比，增加了1590万美元，增幅为29%。2022年第四季度的净息差为4.44%。·与2021年第四季度相比，不包括净收益和净亏损的非利息收入总额增加了50万美元。·与相关季度相比，非利息支出总额增加了110万美元，增幅为2%；与2021年第四季度相比，非利息支出总额增加了540万美元，增幅为11%。·与2022年9月30日相比，期末总贷款和租赁余额增加了9600万美元，折合成年率增加了8%。·资产质量在本季度保持稳定。贷款增长基于费用的收入效率比率净息差

纳斯达克：PEBO金融预期25携手共进。建设成功。®纳斯达克：PEBO 2023年贷款增长收费收入非利息支出效率比率信贷成本预计贷款增长25%-30%，包括石灰石余额预计收费收入将较低两位数增长预计净冲销率比2022年提高约5个基点预计与2022年相比增长20%不包括收购相关费用预计全年净利差在55%至57%之间净利差预计在4.50%至4.65%之间

26收购石灰石银行公司纳斯达克：PEBO宣布2022年10月25日通过其社区银行子公司和226名合伙人，在肯塔基州14个县经营20家分行。截至2022年12月31日，石灰石在合并基础上拥有15亿美元的总资产，其中包括11亿美元的总净贷款和12亿美元的总存款。·合并完成后，合并后的公司将拥有约85亿美元的总资产，57亿美元的总贷款和71亿美元的总存款，在俄亥俄州、西弗吉尼亚州、肯塔基州、马里兰州、弗吉尼亚州和华盛顿特区设有150个办事处。有关预计收购计划宣布的更多信息，请访问Pebo.com的投资者关系页面>美国证券交易委员会备案文件。

纳斯达克：必和必拓股票表现27连在一起。建设成功。®纳斯达克：PEBO 0%10%20%30%40%50%60%70%80%银行业表现落后于标准普尔500指数3年和5年总年回报率1年3年5年-7%-18%3%-1%8%截至2022年12月31日总回报率-2%包括股息的影响。同行包括：TONY、FFBC、CBU、FRME、NWBI、SASR、TSC、NBTB、EGBN、PRK、FCF、STBA、SRCE、TMP、PFC、HBNC、LKFN、SYBT、CHCO、GABC、FISI、CTBI、CCNE、THFF、FMNB。来源：彭博标准普尔500指数同业集团PEBO 3%9%2%

28总收入纳斯达克：PEBO$0$50,000$100,000$150,000$200,000$250,000$300,000$350,000 FY-22 FY-21 FY-20 FY-19 FY-18 FY-17 FY-16 Lorem ipsum 2022年总收入3.33亿美元$51,070$52,653$57,234$64,892$104,865$113,377$129,612$140,838非利息收入，不包括收益和LOSSESNET利息收入($T H O U SA N D)人民受益于2018年第二季度收购ASB金融公司，2019年第二季度收购First Prestonsburg Bancs股份有限公司，2020年第三季度收购Triumph Premium Finance，2021年第二季度收购北极星租赁公司2021年第三季度收购Premier Bancorp Financial，Inc.，2022年第一季度收购Vantage Financial。$64,330$138,923$69,254$172,553$79,513$253,442

纳斯达克：PEBO保险与投资收入构成29携手同行。建设成功。®纳斯达克：PEBO 3 4 5 2022财年总投资收入1,640万美元1信托46%2经纪39%3员工福利15%保险和投资收入构成保险收入*投资收入*1 2 1 P&C商业线57%2 P&C个人线19%3人寿和健康13%4业绩基础9%5其他2%在供应链和其他2%在供应链2022财年保险总收入1 3 2 4 1,570万美元5

30费用与效率比率纳斯达克：百事可乐最近费用的上升是由于收购，增长和技术投资的FTE增加核心非利息支出*非核心项目的效率比率调整后*55%57%59%61%63%65%67%69%FY-22FY-21FY-20FY-19FY-18FY-17 71%73%75%$50000$64000$78000$92000$106000$120000 YTD-19**FY-18**FY-17FY-16FY-15FY-14 61.85%61.32%61.09%N O T O S A LE 63.51%调整后的效率比率对于非核心项目*核心非利息支出*$0$50,000$100,000$150,000$200,000$250,000 FY-22 FY-21 FY-20 FY-19 FY-18 FY-17非核心支出*核心非利息支出($T H O U SA N D S)*非美国GAAP财务衡量标准。请参见附录。新冠肺炎和非利息支出增加对2020&2021年效率的影响58.59%

0.0%0.5%1.0%1.5%2.0%FY-22FY-21FY-19FY-18FY-17FY-16FY-15关键指标平均回报率的改善非核心项目调整后的资产平均有形股东权益调整非核心项目的平均有形股东权益回报0%5%10%15%20%25%FY-22FY-21FY-20FY-19FY-19FY-18FY-16$14$15$17$18$19$20$20$21 YTD-22FY-18FY-17 FY-15$10,000$20,000美元$40,000$50,000$60,000$70,000$80,000 YTD-22 FY-21 FY-20 FY-19 FY-18 FY-17 FY-16 FY-15 FY-15每股有形账面价值1.25%1.50%1.75%2.00%2.25%纳斯达克：PEBO在关键指标方面的改进31WORKING一起。建设成功。®纳斯达克：PEBO 0.0%0.5%1.0%1.5%2.0%FY-22FY-21FY-20FY-19FY-18FY-17FY-16FY-15关键指标的改善非核心项目调整后的资产平均有形股东权益非核心项目调整后的平均有形股东权益回报0%5%10%15%20%25%FY-22FY-21FY-20FY-19-18$14$15$16$17$18$20$20$21 YTD-22FY-21 FY-20 FY-17FY-16FY-15$10,000$20,000$30,000$40,000$50,000$60,000$70,000$80,000 YTD-22 FY-21 FY-20 FY-19 FY-18 FY-17 FY-16 FY-15每股有形账面价值FY-1 1.25%1.50%1.75%2.00%2.25%近年来，我们在这些指标上取得了稳步进展。信贷损失拨备、利率环境和新冠肺炎的其他经济影响在2020年和2021年对这些指标产生了重大影响。2022年净收益增加，原因是市场利率上升以及Premier和Vantage收购。按非核心项目调整的平均资产回报率1按非核心项目调整的股东权益回报率1非美国公认会计原则财务衡量标准。请参见附录。0.6%1.0%1.1%1.3%1.4%0.9%1.2%1.5%7.3%11.3%11.4%15.5%15.3%9.8%16.0%22.0%

32总贷款增长纳斯达克：PEBO$0$1,000$2,000$3,000$4,000$5,000 FY-22 FY-21 FY-20 FY-19 FY-18 FY-17 FY-16贷款增长总额ASB收购贷款除购买力平价贷款外，本历年未收购的贷款总额第一普雷斯顿斯堡收购贷款贷款总额*截至2022年12月31日，保费融资收购贷款总额收购租赁总额购买力平价贷款Premier Financial Bancorp，Inc.后备贷款*在本文件中也称为“贷款总额”和“为投资而持有的贷款”。

存款增长$0$1,300$2,600$3,900$5,200$6,500 FY-22 FY-21 FY-20 FY-19 FY-18 FY-17 DDA*2022年存款余额的48%是活期存款账户，其中包括16亿美元的无息DDA*DDA代表活期存款账户，代表有息和无息交易账户。$2,730$2,955$3,291($M IL Li O N N S)经纪存款证政府存款账户货币市场存款账户零售存款证储蓄账户有息存款余额*无息存款余额*$3,910$5,862 48%43%40%40%42%$5,717 48%存款增长纳斯达克：PEBO 33建设成功。®纳斯达克：百事可乐

34不仅仅是一家银行纳斯达克：毕马威被《新闻周刊》评为2023年美国最佳银行之一美国第17大银行拥有的保险公司。在俄亥俄州、西弗吉尼亚州、肯塔基州、弗吉尼亚州、华盛顿特区和马里兰州设有办事处。当北极星租赁与Vantage Financial合并时，人民设备租赁公司将跻身显示器100强。全国专业金融分部

Q4 & FY 2022 APPENDIX 35

NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 36 PRE-PROVISION NET REVENUE Pre-provision net revenue (PPNR) has become a key financial measure used by federal bank regulatory agencies when assessing the capital adequacy of financial institutions. PPNR is defined as net interest income plus total non-interest income (excluding all gains and losses) minus total non-interest expense and, therefore, excludes the provision for loan losses and all gains and/or losses included in earnings. PPNR excludes income tax expense. As a result, PPNR represents the earnings capacity that can be either retained in order to build capital or used to absorb unexpected losses and preserve existing capital. -.045\- FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Income before income taxes $ 14,816 $ 45,282 $ 57,203 $ 54,941 $ 65,358 $ 42,646 $ 56,970 $ 128,641 Add: Provision for loan/credit losses 14,097 3,539 3,772 5,448 2,504 26,254 731 $ — Add: Loss on debt extinguishment — 707 — — — — — — Add: Loss on OREO 530 34 116 35 98 120 — 173 Add: Loss on securities — 1 — 147 — 368 862 375 Add: Loss on other assets 696 427 — 469 692 170 252 975 Add: Loss on other transactions 43 — — 76 — — — 151 Less: Recovery of loan losses — — — — — — — 3,634 Less: Gain on OREO — — — 14 — — 56 35 Less: Gains on securities 729 931 2,983 1 164 — — 314 Less: Gains on other assets — 35 28 76 8 — — 649 Less: Gains on other transactions — — 25 168 — — 897 — Pre-provision net revenue $ 29,453 $ 49,024 $ 58,055 $ 60,857 $ 68,480 $ 69,558 $ 57,862 $ 125,683 Average assets (in millions) $ 3,112 $ 3,320 $ 3,510 $ 3,872 $ 4,222 $ 4,739 $ 5,673 $ 7,095 Pre-provision net revenue to average assets 0.95% 1.48% 1.65% 1.57% 1.62% 1.47% 1.02% 1.77% FY-22

APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 37 PRE-PROVISION NET REVENUE ADJUSTED FOR NON-CORE ITEMS Pre-provision net revenue (PPNR) has become a key financial measure used by federal bank regulatory agencies when assessing the capital adequacy of financial institutions. PPNR adjusted for non-core items is defined as net interest income, excluding system upgrade revenue waived, acquisition costs, contract negotiation fees, Peoples Bank Foundation, Inc. contribution. Severance costs, COVID-19-related expenses and pension settlement charges, plus the provision for loan losses, refund of contract negotiation fees and all gains and/or losses included in the earnings. PPNR excludes income tax expense. As a result, PPNR represents the earnings capacity that can be retained in order to build capital or used to absorb unexpected losses and preserve existing capital. ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Income before income taxes $ 14,816 $ 45,282 $ 57,203 $ 54,941 $ 65,358 $ 42,646 $ 56,970 $ 128,641 Add: System upgrade revenue waived — 85 — — — — — — Add: Acquisition-related expenses 10,722 — 341 7,262 7,287 489 21,423 3,016 Add: COVID-19 related expenses — — — — — 1,332 1,248 134 Add: System upgrade costs — 1,259 — — — — — — Add: Contract negotiation expenses — — — — — — 1,248 — Add: Other non-core costs 592 — — — 270 1,055 579 — Add: Pension settlement charges 459 — 242 267 — 1,054 143 185 Add: Provision for loan/credit losses 14,097 3,539 3,772 5,448 2,504 26,254 731 — Add: Loss on debt extinguishment 520 707 — — — — — — Add: Loss on OREO 529 34 116 35 98 120 — 173 Add: Loss on securities — 1 — 147 — 368 862 375 Add: Loss on other assets 696 427 — 469 692 170 459 975 Add: Loss on other transactions 43 — — 76 — — — 151 Less: Recovery of loan losses — — — — — — — 3,634 Less: Gain on OREO — — — 14 — — 56 35 Less: Gains on securities 729 931 2,983 1 164 — — 314 Less: Gains on other assets — 35 28 76 8 — — 649 Less: Gains on other transactions — — 25 168 — — 897 — Pre-provision net revenue $ 41,702 $ 50,368 $ 58,638 $ 68,386 $ 76,037 $ 73,488 $ 82,710 $ 129,018 Average assets (in millions) $ 3,112 $ 3,320 $ 3,510 $ 3,872 $ 4,222 $ 4,739 $ 5,673 $ 7,095 Pre-provision net revenue to average assets 1.34% 1.52% 1.67% 1.77% 1.80% 1.55% 1.46% 1.82% FY-22

NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 38 CORE NON-INTEREST INCOME CORE NON-INTEREST EXPENSE ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total noninterest income $ 46,382 $ 50,867 $ 55,573 $ 56,754 $ 64,274 $ 63,672 $ 68,885 $ 78,836 Less: net gain (loss) on investment securities 729 930 2,983 (146) 164 (368) (862) (61) Less: net (loss) gain on asset disposals and other transactions (1,788) (1,133) (63) (334) (782) (290) 493 (616) Add: core banking system conversion revenue waived — 85 — — — — — — Core non-interest income excluding gains and losses $ 47,441 $ 51,155 $ 52,653 $ 57,234 $ 64,892 $ 64,330 $ 69,254 $ 79,513 ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total non-interest expense $ 115,081 $ 106,911 $ 107,975 $ 125,977 $ 137,250 $ 133,695 $ 183,737 $ 207,147 Less: system conversion expenses — 1,259 — — — — — — Less: acquisition-related expenses 10,722 — 341 7,262 7,287 489 21,423 3,016 Less: pension settlement charges 459 — 242 267 — 1,054 143 185 Less: COVID-19 related expenses — — — — — 1,332 1,248 134 Less: contract negotiation expenses — — — — — — 1,248 — Less: other non-core charges 592 — — — 270 1,055 579 — Core noninerest expense $ 103,308 $ 105,652 $ 107,392 $ 118,448 $ 129,693 $ 129,765 $ 159,096 $ 203,812 ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total noninterest income $ 46,382 $ 50,867 $ 55,573 $ 56,754 $ 64,274 $ 63,672 $ 68,885 $ 78,836 Less: net gain (loss) on investment securities 729 930 2,983 (146) 164 (368) (862) (61) Less: net (loss) gain on asset disposals and other transactions (1,788) (1,133) (63) (334) (782) (290) 493 (616) Add: core banking system conversion revenue waived — 85 — — — — — — Core non-interest income excluding gains and losses $ 47,441 $ 51,155 $ 52,653 $ 57,234 $ 64,892 $ 64,330 $ 69,254 $ 79,513 ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total non-interest expense $ 115,081 $ 106,911 $ 107,975 $ 125,977 $ 137,250 $ 133,695 $ 183,737 $ 207,147 Less: system conversion expenses — 1,259 — — — — — — Less: acquisition-related expenses 10,722 — 341 7,262 7,287 489 21,423 3,016 Less: pension settlement charges 459 — 242 267 — 1,054 143 185 Less: COVID-19 related expenses — — — — — 1,332 1,248 134 Less: contract negotiation expenses — — — — — — 1,248 — Less: other non-core charges 592 — — — 270 1,055 579 — Core noninerest expense $ 103,308 $ 105,652 $ 107,392 $ 118,448 $ 129,693 $ 129,765 $ 159,096 $ 203,812 Core non-interest income is a financial measure use by Peoples’ recurring non-interest revenue stream. This measure is non-US GAAP since it excludes the impact of all gains and/or losses, and core banking system conversion revenue waived Core non-interest expense is a financial measure used to evaluate Peoples’ recurring expense stream. This measure is non-US GAAP since it excludes the impact of core banking system conversion expenses, acquisition-related expenses, COVID-19-related expenses, contract negotiation fees, pension settlement charges, and other non-recurring expenses. FY-22 FY-22

APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 39 EFFICIENCY RATIO AND ADJUSTED FOR NON-CORE ITEMS ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total noninterest expense $ 115,081 $ 106,911 $ 107,975 $ 125,977 $ 137,250 $ 133,695 $ 183,737 $ 207,147 Less: amortization on other intangible assets 4,077 4,030 3,516 3,338 3,359 3,223 4,775 7,763 Adjusted total non-interest expense 111,004 102,881 104,459 122,639 133,891 130,472 178,962 199,384 Total non-interest income excluding net gains and losses 47,441 51,070 52,653 57,234 64,892 64,330 69,254 79,513 Net interest income 97,612 104,865 113,377 129,612 140,838 138,923 172,553 253,442 Add: fully taxable equivalent adjustment 1,978 2,027 1,912 881 1,068 1,054 1,349 1,644 Net interest income on a fully taxable equivalent basis 99,590 106,892 115,289 130,493 141,906 139,977 173,902 255,086 Adjusted revenue $147,031 $157,962 $167,942 $187,727 $206,798 $204,307 $243,156 $334,599 Efficiency ratio 75.50% 65.13% 62.20% 65.33% 64.74% 63.86% 73.60% 59.59% Core non-interest expense $ 103,308 $ 105,652 $ 107,392 $ 118,448 $ 129,693 $ 129,765 $ 159,096 $ 203,812 Less: amortization on other intangible assets 4,077 4,030 3,516 3,338 3,359 3,223 $ 4,775 $ 7,763 99,231 101,622 103,876 115,110 126,334 126,542 154,321 196,049 Core non-interest income excluding gains and losses 47,441 51,070 52,653 57,234 64,892 64,330 69,254 79,513 Net interest income on a fully taxable equivalent basis 99,590 106,892 115,289 130,493 141,906 139,977 173,902 255,086 Adjusted core revenue 147,031 157,962 167,942 187,727 206,798 204,307 243,156 334,599 Efficiency ratio adjusted for non-core items 67.49% 64.33% 61.85% 61.32% 61.09% 61.94% 63.47% 58.59% The efficiency ratio is a key financial measure used to monitor performance. The efficiency ratio is calculated as total non-interest expense (less amortization of other intangible assets) as a percentage of fully tax-equivalent net interest income plus total non-interest income excluding all gains and losses. This measure in non-US GAAP since it excludes amortization of other intangible assets, and all gains and/or losses included in earnings, and uses fully tax-equivalent net interest income. The efficiency ratio adjusted for non-core items is non-US GAAP since it excludes amortization of other intangible assets, non-core expenses, system upgrade revenue waived and all gains and/or losses included in earnings, and uses fully tax-equivalent net interest income. CORE NON-INTEREST EXPENSE Core non-interest income is a financial measure use by Peoples’ recurring non-interest revenue stream. This measure is non-US GAAP since it excludes the impact of all gains and/or losses, and core banking system conversion revenue waived FY-2

NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 40 TANGIBLE EQUITY TO TANGIBLE ASSETS AND TANGIBLE BOOK VALUE PER SHARE ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Total stockholders equity $ 419,789 $ 435,261 $ 458,592 $ 520,140 $ 594,393 $ 575,673 $ 845,025 $ 785,328 Less: goodwill and other intangible assets 149,617 146,018 144,576 162,085 177,503 184,597 291,009 326,329 Tangible equity 270,172 289,243 314,016 358,055 416,890 391,076 554,016 458,999 Total assets $ 3,258,970 $ 3,432,348 $ 3,581,686 $ 3,991,454 $ 4,354,165 $ 4,760,764 $ 7,063,521 $ 7,207,304 Less: goodwill and other intangible assets 149,617 146,018 144,576 162,085 177,503 184,597 $ 291,009 326,329 Tangible assets 3,109,353 3,286,330 3,437,110 3,829,369 4,176,662 4,576,167 6,772,512 6,880,975 Tangible equity to tangible assets 8.69% 8.80% 9.14% 9.35% 9.98% 8.55% 8.18% 6.67% Tangible equity $270,172 $289,243 $314,016 $358,055 $416,890 $391,076 $554,016 $458,999 Common shares outstanding 18,404,864 18,200,067 18,287,449 19,565,029 20,698,941 19,563,979 28,297,771 28,287,837 Tangible book value per share $ 14.68 $ 15.89 $ 17.17 $ 18.30 $ 20.14 $ 19.99 $ 19.58 $ 16.23 Peoples uses tangible capital measures to evaluate the adequacy of Peoples’ stockholders’. Such ratios represent non-US GAAP financial measures since the calculation removes the impact of goodwill and other intangible assets acquired through acquisitions on both total stockholders’ equity and total assets. Management believes this information is useful to investors since it facilitates the comparison of Peoples’ operating performance, financial condition and trends to peers, especially those without a level of intangible assets similar to that of Peoples. The following table reconciles the calculation of these non-USGAAP financial measures to amounts reported in Peoples’ consolidated financial statements. FY-22

Peoples uses tangible capital measures to evaluate the adequacy of Peoples’ stockholders’. Such ratios represent non-US GAAP financial measures since the calculation removes the impact of goodwill and other intangible assets acquired through acquisitions on both total stockholders’ equity and total assets. Management believes this information is useful to investors since it facilitates the comparison of Peoples’ operating performance, financial condition and trends to peers, especially those without a level of intangible assets similar to that of Peoples. The following table reconciles the calculation of these non-USGAAP financial measures to amounts reported in Peoples’ consolidated financial statements. APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 41(a) Tax effect is calculated using a 21% federal statutory tax rate for the 2022, 2021, 2020, 2019 and 2018 periods and 35% federal statutory rate for all other periods shown. RETURN ON AVERAGE ASSETS AND ADJUSTED FOR NON-CORE ITEMS The return on average assets adjusted for non-core items represents a non-US GAAP financial measure since it excludes the release of the deferred tax asset valuation allowance, the impact of the Tax Cuts and Jobs ACT on the reimbursement of deferred tax assets and deferred tax liabilities, and the after-tax impact of all gains and losses, Peoples Bank Foundation, Inc. contribution, severance costs, COVID-19-related expenses, acquisition-related expenses, contract negotiation fees, and pension settlement charges. ($ in Thousands) FY-14 FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Annualized net income $ 16,684 $ 10,941 $ 31,157 $ 38,471 $ 46,255 $ 53,695 $ 34,767 $ 47,555 $ 101,292 Total average assets 2,240,534 3,111,853 3,320,447 3,510,274 3,871,832 4,222,482 4,739,289 $ 5,672,594 $ 7,094,707 Return on average assets 0.74% 0.35% 0.94% 1.10% 1.19% 1.27% 0.73% 0.84% 1.43% Return on average assets adjusted for non-core items: Net income $16,684 $10,941 $31,157 $38,471 $46,255 $53,695 34,767 47,555 101,292 Add: core banking system conversion revenue waived — — 85 — — — — — — Less: tax effect of core banking system conversion revenue waived — — 30 — — — — — — Add: net loss on investment securities — — — — 146 — 368 862 61 Less: tax effect of net loss on investment securities — — — — 31 — 77 181 13 Less: net gain on investment securities 398 729 930 2,983 — 164 — — — Add: tax effect of net gain on investment securities 139 255 325 1,044 — 34 — — — Less: net gain on assets disposals and other transactions — — — — — — — 493 — Add: tax effect of net gain on asset disposals and other transactions — — — — — — — 104 — Add: net loss on asset disposals and other transactions 430 1,788 1,133 63 334 782 290 — 615 Less: tax effect on net loss on asset disposals and other transactions 150 626 397 22 70 164 61 — 129 Add: system conversion expenses — — 1,259 — — — — — — Less: tax effect on system conversion expense — — 441 — — — — — — Add: acquisition-related expenses 4,752 10,722 — 341 7,262 7,287 489 21,423 3,016 Less: tax effect on acquisition-related expenses 1,663 3,753 — 119 1,525 1,530 103 4,499 633 Add: pension settlement charges 1,400 459 — 242 267 — 1,054 143 185 Less: tax effect on pension settlement charges 490 161 — 85 56 — 221 30 39 Add: COVID-19 expenses — — — — — — 1,332 1,248 134 Less: tax effect on COVID-19 expenses — — — — — — 280 262 28 Add: other non-core charges 298 592 — — — 270 1,055 579 — Less: tax effect on other non-core charges 104 207 — — — 57 222 122 — Add: contract negotiation fees — — — — — — — 1,248 — Less: tax effect on contract negotiation fees — — — — — — — 262 — Less: release of deferred tax asset valuation — — — — 805 — — — — Less: impact of Tax Cuts and Jobs Act on deferred tax liability — — — — 705 — — — — Add: impact of Tax Cuts and Jobs Act on deferred tax assets — — — 897 — — — — — Net income adjusted for non-core items $20,898 $19,281 $32,161 $37,849 $51,072 $60,153 $40,319 $67,313 $104,461 Total average assets 2,240,534 3,111,853 3,320,447 3,510,274 3,871,832 4,222,482 $4,739,289 $5,672,594 $7,094,707 Return on average assets adjusted for non-core items 0.93% 0.62% 0.97% 1.08% 1.32% 1.42% 0.85% 1.19% 1.47% FY-22

NASDAQ: PEBO APPENDIX NON-US GAAP MEASURES 42 (a) Tax effect is calculated using a 21% federal statutory tax rate for the 2022, 2021, 2020, 2019 and 2018 periods and 35% federal statutory rate for all other periods shown. RETURN ON AVERAGE TANGIBLE STOCKHOLDERS’ EQUITY The return on average assets adjusted for non-core items represents a non-US GAAP financial measure since it excludes the release of the deferred tax asset valuation allowance, the impact of the Tax Cuts and Jobs Act on the remeasurement of deferred tax assets and deferred tax liabilities, and the after-tax impact of all gains and losses, Peoples Bank Foundation, Inc. contribution, severance costs, COVID-19-related expenses, acquisition-related expenses. Contract negotiation fees and pension settlement charges. ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Annualized net income $ 10,941 $ 31,157 $ 38,471 $ 46,255 $ 53,695 $ 34,767,000 47,555 101,292 Add: amortization of other intangible assets 4,077 4,030 3,516 3,338 3,359 3,223 4,775 7,763 Less: tax effect of amortization of other intangible assets (a) 1,427 1,411 1,231 701 705 677 1,003 1,630 Net income excluding the amortization of intangible assets 13,591 33,776 40,756 48,892 56,349 34,769,546 51,327 107,425 Total average equity 407,296 432,666 450,379 488,139 566,123 575,386 656,633 797,984 Less: average goodwill and other intangible assets 144,013 147,981 144,696 158,115 173,529 181,526 234,667 322,639 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 421,966 475,345 Annualized net income $ 10,941 $ 31,157 $ 38,471 $ 46,255 $ 53,695 $ 34,767,000 $ 47,555 $ 101,292 Total average equity 407,296 432,666 450,379 488,139 566,123 575,386 $ 656,633 $ 797,984 Return on average equity 2.69% 7.20% 8.54% 9.48% 9.48% 6042.38% 7.24% 12.69% Annualized net income excluding the amortization of intangible assets $ 13,591 $ 33,776 $ 40,756 $ 48,892 $ 56,349 $ 34,769,546 $ 51,327 $ 107,425 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 $ 421,966 $ 475,345 Return on average tangible equity 5.16% 11.86% 13.33% 14.81% 14.35% 8827.89% 12.16% 22.60% ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Return on average equity adjusted for non-core items: Net income $10,941 $31,157 $38,471 $46,255 $53,695 $34,767 $47,555 $101,292 Add: core banking system conversion revenue waived — 85 — — — — — — Less: tax effect of core banking system conversion revenue waived (a) — 30 — — — — — — Add: net loss on investment securities — — — 146 — 368 862 61 Less: tax effect of net loss on investment securities (a) — — — 31 — 77 181 13 Less: net gain on investment securities 729 930 2,983 — 164 — — — Add: tax effect of net gain on investment securities (a) 255 325 1,044 — 34 — — — Less: net gain on assets disposals and other transactions — — — — — — 493 — Add: tax effect of net gain on asset disposals and other transactions — — — — — — 104 — Add: net loss on asset disposals and other transactios 1,788 1,133 63 334 782 290 — 615 Less: tax effect on net loss on asset disposals and other transactions (a) 626 397 22 70 164 61 — 129 Add: system conversion expenses — 1,259 — — — — — — Less: tax effect on system conversion expense (a) — 441 — — — — — — Add: acquisition-related expenses 10,722 — 341 7,262 7,287 489 21,423 3,016 Less: tax effect on acquisition-related expenses (a) 3,753 — 119 1,525 1,530 103 4,499 633 Add: pension settlement charges 459 — 242 267 — 1,054 143 185 Less: tax effect on pension settlement charges (a) 161 — 85 56 — 221 30 39 Add: COVID-19 expenses — — — — — 1,332 1,248 134 Less: tax effect on COVID-19 related expenses (a) — — — — — 280 262 28 Add: other non-core charges 592 — — — 270 1,055 579 — Less: tax effect on other non-core charges (a) 207 — — — 57 222 122 — Add: contract negotiation fees — — — — — — 1,248 — Less: tax effect on contract negotiation expenses (a) — — — — — — 262 — Less: release of deferred tax asset valuation — — — 805 — — — — Less: impact of Tax Cuts and Jobs Act on deferred tax liability — — — 705 — — — — Add: impact of Tax Cuts and Jobs Act on deferred tax assets — — 897 — — — — — Net income adjusted for non-core items $19,281 $32,161 $37,849 $51,072 $60,153 $38,391 $67,313 $104,461 Average equity 407,296 432,666 450,379 488,139 566,123 575,386 656,633 797,984 Return on average equity adjusted for non-core items 4.73% 7.43% 8.40% 10.46% 10.63% 6.67% 10.25% 13.09% Net income adjusted for non-core items $19,281 $32,161 $37,849 $51,072 $60,153 $38,391 $67,313 $104,461 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 421,966 475,345 Return on average tangible equity adjusted for non-core items 7.32% 11.30% 12.38% 15.48% 15.32% 9.75% 15.95% 21.98% FY-22

APPENDIX NON-US GAAP MEASURES NASDAQ: PEBO 43 RETURN ON AVERAGE STOCKHOLDERS’ EQUITY ADJUSTED FOR NON-CORE ITEMS (a) Tax effect is calculated using a 21% federal statutory tax rate for the 2022, 2021, 2020, 2019 and 2018 periods and 35% federal statutory rate for all other periods shown. The return on average stockholders’ equity adjusted for non-core items represents a non-US GAAP financial measure since it excludes the release of the deferred tax asset valuation allowance, the impact of the Tax Cuts and Jobs Act on the remeasurement of deferred tax assets and deferred tax liabilities, and after-tax impact of all gains and losses, other non-core charges, Peoples Bank Foundation, Inc. contribution, severance costs, COVID-19 related expenses, acquisition-related expenses, contract negotiation fees, and pension settlement charges. ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Annualized net income $ 10,941 $ 31,157 $ 38,471 $ 46,255 $ 53,695 $ 34,767,000 47,555 101,292 Add: amortization of other intangible assets 4,077 4,030 3,516 3,338 3,359 3,223 4,775 7,763 Less: tax effect of amortization of other intangible assets (a) 1,427 1,411 1,231 701 705 677 1,003 1,630 Net income excluding the amortization of intangible assets 13,591 33,776 40,756 48,892 56,349 34,769,546 51,327 107,425 Total average equity 407,296 432,666 450,379 488,139 566,123 575,386 656,633 797,984 Less: average goodwill and other intangible assets 144,013 147,981 144,696 158,115 173,529 181,526 234,667 322,639 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 421,966 475,345 Annualized net income $ 10,941 $ 31,157 $ 38,471 $ 46,255 $ 53,695 $ 34,767,000 $ 47,555 $ 101,292 Total average equity 407,296 432,666 450,379 488,139 566,123 575,386 $ 656,633 $ 797,984 Return on average equity 2.69% 7.20% 8.54% 9.48% 9.48% 6042.38% 7.24% 12.69% Annualized net income excluding the amortization of intangible assets $ 13,591 $ 33,776 $ 40,756 $ 48,892 $ 56,349 $ 34,769,546 $ 51,327 $ 107,425 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 $ 421,966 $ 475,345 Return on average tangible equity 5.16% 11.86% 13.33% 14.81% 14.35% 8827.89% 12.16% 22.60% ($ in Thousands) FY-15 FY-16 FY-17 FY-18 FY-19 FY-20 FY-21 YTD-22 Return on average equity adjusted for non-core items: Net income $10,941 $31,157 $38,471 $46,255 $53,695 $34,767 $47,555 $101,292 Add: core banking system conversion revenue waived — 85 — — — — — — Less: tax effect of core banking system conversion revenue waived (a) — 30 — — — — — — Add: net loss on investment securities — — — 146 — 368 862 61 Less: tax effect of net loss on investment securities (a) — — — 31 — 77 181 13 Less: net gain on investment securities 729 930 2,983 — 164 — — — Add: tax effect of net gain on investment securities (a) 255 325 1,044 — 34 — — — Less: net gain on assets disposals and other transactions — — — — — — 493 — Add: tax effect of net gain on asset disposals and other transactions — — — — — — 104 — Add: net loss on asset disposals and other transactios 1,788 1,133 63 334 782 290 — 615 Less: tax effect on net loss on asset disposals and other transactions (a) 626 397 22 70 164 61 — 129 Add: system conversion expenses — 1,259 — — — — — — Less: tax effect on system conversion expense (a) — 441 — — — — — — Add: acquisition-related expenses 10,722 — 341 7,262 7,287 489 21,423 3,016 Less: tax effect on acquisition-related expenses (a) 3,753 — 119 1,525 1,530 103 4,499 633 Add: pension settlement charges 459 — 242 267 — 1,054 143 185 Less: tax effect on pension settlement charges (a) 161 — 85 56 — 221 30 39 Add: COVID-19 expenses — — — — — 1,332 1,248 134 Less: tax effect on COVID-19 related expenses (a) — — — — — 280 262 28 Add: other non-core charges 592 — — — 270 1,055 579 — Less: tax effect on other non-core charges (a) 207 — — — 57 222 122 — Add: contract negotiation fees — — — — — — 1,248 — Less: tax effect on contract negotiation expenses (a) — — — — — — 262 — Less: release of deferred tax asset valuation — — — 805 — — — — Less: impact of Tax Cuts and Jobs Act on deferred tax liability — — — 705 — — — — Add: impact of Tax Cuts and Jobs Act on deferred tax assets — — 897 — — — — — Net income adjusted for non-core items $19,281 $32,161 $37,849 $51,072 $60,153 $38,391 $67,313 $104,461 Average equity 407,296 432,666 450,379 488,139 566,123 575,386 656,633 797,984 Return on average equity adjusted for non-core items 4.73% 7.43% 8.40% 10.46% 10.63% 6.67% 10.25% 13.09% Net income adjusted for non-core items $19,281 $32,161 $37,849 $51,072 $60,153 $38,391 $67,313 $104,461 Average tangible equity 263,283 284,685 305,683 330,024 392,594 393,860 421,966 475,345 Return on average tangible equity adjusted for non-core items 7.32% 11.30% 12.38% 15.48% 15.32% 9.75% 15.95% 21.98% FY-22

People Bancorp.com People Bancorp®是People Bancorp Inc.在联邦注册的服务标志。三个拱形丝带标志是人民银行在联邦注册的服务标志。人民银行(W/LOGO)®是人民银行在联邦政府注册的服务商标。一起工作。建设成功。®是中国人民银行在联邦注册的服务标志。Chuck Sulerzyski总裁兼首席执行官740.374.6163