2022年第4季度投資者演示文稿

共同打造成功2目錄第5頁簡介、投資理念、文化和戰略第11頁信貸、資本和流動資金第23季度和2022財年財務洞察第35季度和2022財年附錄

3第5頁簡介、投資理念、文化和戰略第11頁信用、資本和流動性第23頁第4季度和2022財年財務洞察力第35頁第4季度和2022財年附錄中非歷史性的陳述屬於《1933年證券法》(經修訂)第27A節、《1934年證券交易法》(經修訂)第21E節和《1995年私人證券訴訟改革法》所指的“前瞻性陳述”。這些前瞻性陳述可能包括對People Bancorp Inc.(“People”)的戰略計劃和目標或預期未來業績和事件的討論。本演示文稿中的信息應與人民截至2021年12月31日的財政年度10-K表格年度報告(“2021年10-K表格”)和截至2022年12月31日的第四季度收益發布(“第四季度收益發布”)一起閲讀，這些報告包含在人民於2023年1月24日提交給美國證券交易委員會(“美國證券交易委員會”)的當前8-K表格報告中，兩者均可在美國證券交易委員會的網站(sec.gov)或人民網站(Peoplesbancorp.com)上查閲。People預計將於2023年2月27日左右向美國證券交易委員會提交截至2022年12月31日的財年Form 10-K(即2022年Form 10-K)年度報告。根據美國公認會計原則的要求，People必須在其2022年12月31日的合併財務報表作為其2022年Form 10-K的一部分之前評估後續事件的影響。因此，可能會發生後續事件，導致People更新其關鍵會計估計數並修訂本演示文稿中所載的財務信息。投資者請注意，前瞻性陳述不是歷史事實, 涉及風險和不確定因素，包括在2021年Form 10-K表第一部分第1A項“風險因素”一節和第四季度收益發布中詳細説明的風險和不確定性。因此，實際結果可能與本報告中的前瞻性陳述所設想的結果大相徑庭。管理層認為，這些前瞻性陳述中的預期是基於管理層對People的業務和運營的瞭解範圍內的合理假設。各國人民概不負責更新這些前瞻性陳述，以反映本報告發表之日之後發生的事件或情況。投資者和股東的重要信息本演示文稿不構成出售或邀請購買People Bancorp Inc.(“People”)證券的要約。People於2023年1月6日提交了S-4表格和其他文件，涉及擬議中的與石灰石銀行(以下簡稱石灰石)和美國證券交易委員會的合併。註冊聲明包括一份聯合委託書/招股説明書，在People和Limstone各自召開股東特別會議審議擬議的合併之前發送給兩家公司的股東。我們敦促投資者和證券持有人閲讀提交給美國證券交易委員會的與擬議交易相關的委託書/招股説明書和任何其他相關文件，因為它們包含有關People、石灰石和擬議合併的重要信息。投資者和證券持有人可以通過美國證券交易委員會維護的網站www.sec.gov免費獲取這些文件。這些文件也可以免費獲得。, 在People‘s網站www.Peoplesbancorp.com的“投資者關係”選項卡下，或聯繫人民投資者關係部：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視為與擬議合併相關的委託書徵集的參與者。有關這些參與者和可能被視為交易參與者的其他人的利益的信息，可以通過閲讀有關擬議合併的委託書/招股説明書獲得。有關People董事和高管的更多信息載於People 2022年度股東大會的委託書，該聲明於2022年3月17日提交給美國證券交易委員會的附表14A。SA FE H AR BO R ST AT EM EN T

4攜手共創成功

5簡介、投資理念、文化和戰略

6PEBO地理簡介納斯達克：PEBO WV Vaky OH MD DC俄亥俄州沃倫縣49卡萊爾50富蘭克林51漢密爾頓鎮52黎巴嫩53梅森54斯普林伯勒55韋恩斯維爾漢密爾頓縣56馬德拉57蒙哥馬利58辛辛那提LPO東59辛辛那提LPO西克萊蒙特縣60巴達維亞61米爾福德62米爾福德LPO 63威廉斯堡布朗縣64撒丁島65喬治敦65俄亥俄州66奧拉伯山67裏普利-費爾菲爾德縣25巴爾的摩26蘭開斯特27蘭開斯特-費爾菲爾德縣雅典28-法院街29雅典梅爾弗爾縣30內爾索維爾邁格斯縣31皮莫羅伊32勞倫斯勞倫斯縣34普羅倫頓傑克遜縣36 36韋爾託託37威廉斯堡布朗縣64撒丁島65喬治敦66俄勒岡州66裏普利67聖費爾菲爾德縣25巴爾的摩26蘭開斯特27蘭開斯特-費爾菲爾德縣雅典28-法院29街29雅典梅爾弗爾斯縣30內爾索維爾邁格斯縣31普羅米諾伊州勞倫斯勞倫斯縣34普羅倫頓傑克遜縣35傑克遜36威爾託姆斯頓縣縣38朴茨茅斯39朴茨茅斯北40肖託維爾41惠勒斯堡派克縣42韋弗利加里亞縣33加洛波利斯克林頓縣44布蘭切斯特45新維也納46薩比納47威爾明頓主大街48威爾明頓廣場高地縣43希爾斯伯勒凱霍加縣22紐瓦克23希思富蘭克林縣24沃辛頓華盛頓縣1瑪麗埃塔主線2邊疆3第二街4雷諾5洛維爾6貝爾普爾峯會縣16諾頓17阿克倫LPO 18阿克倫主街19凱霍加瀑布20卡姆格爾德威利大道11-劍橋第六科斯維爾13科諾克斯縣14弗農斯塔克縣15北坎特伍德卡約霍加縣21貝赫伍德縣8諾頓17阿克倫LINVE 18阿克倫美因河19凱霍加瀑布20卡姆格尼爾代爾輪道11-劍橋第六科諾克斯韋爾13科諾克斯縣14弗納斯塔克縣15北坎頓卡霍加縣21貝奇伍德縣8諾頓17阿克倫LPO 18阿克倫美因河19凱霍加瀑布20格恩西縣10坎布里奇科斯維爾13科諾克斯縣14弗農斯塔克縣15北坎頓凱霍加縣21貝赫伍德縣8諾頓17阿克龍LPO 18阿克倫美因河19凱霍加瀑布20卡姆格科斯維爾第六坎布里奇科諾克斯縣14弗農斯塔克縣15北坎頓卡約加加縣縣7考德威爾綠化縣78綠化縣79拉塞爾博伊德縣80阿什蘭81山頂梅森縣73梅斯維爾劉易斯縣74文森州75文斯維爾AA高速公路76駐軍77託爾斯伯勒肯頓縣69萊特坎貝爾堡縣70冷泉縣71布魯克斯維爾羅伯遜縣72芒特奧利維特布恩縣68佛羅倫薩厄普舒爾縣115巴克漢農巴伯縣116菲利普哈里森縣117布里奇波特馬裏恩縣118費爾蒙特LPO紅土縣123克萊卡瓦哈縣126查爾斯頓125查爾斯頓賓夕法尼亞大道126斯賓塞大道119斯賓斯通125查爾斯頓賓夕法尼亞艾夫羅恩縣斯賓塞車道119 125查爾斯頓125查爾斯頓賓夕法尼亞艾夫羅恩縣斯賓塞主幹道119 127伯恩斯韋121伯恩斯維爾綠洲平地111縣白斯普林斯温泉112 112路易斯堡市中心維也納97 Emerson 98師99 PETTYVILLE 100礦泉井泰勒縣95 SISTERSVILLE傑克遜縣101拉文斯伍德102裏普利WV米勒博士梅森縣103點宜人卡貝爾縣104亨廷頓西105亨廷頓東106亨廷頓LPO林肯縣107西哈姆林洛根縣108洛根布恩縣109麥迪遜羅利縣110貝克利LPO韋澤爾縣94新馬丁斯維爾派克縣83皮克維爾84皮克維爾保險弗洛伊德縣85 86普雷斯頓斯堡87北側約翰遜縣88帕因茨維爾馬格菲恩縣89謝爾斯維爾馬丁縣90傑克遜Y傑克遜91凱恩特縣92喬治城亨利縣93駭維金屬加工西弗吉尼亞州杜肯特街132克維縣94新馬丁斯維爾派克縣83皮克維爾84皮克維爾保險公司弗洛伊德縣85馬丁86普雷斯頓堡縣88佩恩茨維爾馬格菲恩縣89謝爾斯維爾馬丁縣82伊內斯布萊茨縣90傑克遜Y主因91凱恩縣92喬治城亨利縣93弗吉尼亞州杜鬆頓市132街康奈蒂克大街133號DC蒙哥馬利縣134雪佛蘭追逐馬裏蘭州128科文頓129裏士滿130漢普頓弗吉尼亞州哥倫布克利夫蘭辛辛那提列剋星敦路易斯維爾裏士滿查爾斯頓瑪麗埃塔亨廷頓人民銀行地理足跡縣PEBO存款超過1億美元但市場份額不在前3名的縣*PEBO市場份額前3名的縣*截至12月31日的PEBO足跡快照, 2022年貸款：47億美元資產：72億美元存款：57億美元市值：7.991億美元行政/管理下的資產：30億美元*根據FDIC截至2022年6月的年度存款摘要。有石灰巖岸邊的縣

納斯達克：畢馬威投資理念7WORKING Together。建設成功。®納斯達克：PEBO WV Vaky OH MD DC俄亥俄州沃倫縣49卡萊爾50富蘭克林51漢密爾頓鎮52黎巴嫩53梅森54斯普林伯勒55韋恩斯維爾漢密爾頓縣56馬德拉57蒙哥馬利58辛辛那提LPO東59辛辛那提LPO西克萊蒙特縣60巴達維亞61米爾福德62米爾福德LPO 63威廉斯堡布朗縣64撒丁島65喬治敦俄亥俄州66裏普利市聖費爾菲爾德縣25巴爾的摩26蘭開斯特27蘭開斯特-費爾菲爾德縣28雅典-法院街29-30內爾維利梅爾維爾梅格斯縣31 Pomeroy 32 Pomeroy Lawrville縣34普羅倫斯縣35艾倫頓傑克遜縣36 37聖衞爾菲爾德縣25巴爾的摩26拉曼斯特27拉卡斯特-費爾菲爾德縣28雅典-法院街29-30內爾維利梅爾索斯縣31珀諾羅伊市32勞倫斯縣34普羅倫斯縣35艾倫頓縣36 36 37聖衞爾斯頓縣肖託縣38朴茨茅斯39朴茨茅斯北40肖託維爾41惠勒斯堡派克縣42韋弗利加里亞縣33加洛波利斯克林頓縣44布蘭切斯特45新維也納46薩賓納47威爾明頓主街48威爾明頓廣場高地縣43希爾斯伯勒凱霍加縣22紐瓦克23希思富蘭克林縣24沃辛頓華盛頓縣1瑪麗埃塔主線2邊疆3第二街4雷諾5洛維爾6貝爾普里山頂縣16諾頓17阿克倫LPO 18阿克倫主街19凱霍加瀑布20門羅瀑布格恩西縣10卡姆吉科雷克斯威克縣14弗農斯塔克縣15北坎頓卡約霍加縣21貝赫伍德摩根8馬赫伍德5洛厄爾6貝普里峯會16諾頓17阿克倫LPO 18阿克倫19凱霍加瀑布20坎布里奇比恩西縣12科雷克斯克斯縣14弗農斯塔克縣15北坎頓卡約戈加縣21諾布爾縣7考德威爾綠化縣78綠化縣79拉塞爾博伊德縣80阿什蘭德縣81山頂梅森縣73梅斯維爾劉易斯縣74文斯堡主幹道76號高速公路76駐軍77託爾斯伯勒肯頓縣69萊特坎貝爾堡縣70冷泉縣71布魯克斯維爾羅伯遜縣72芒特奧利維特布恩縣68佛羅倫薩厄普舒爾縣115巴克漢弗農巴伯縣116菲利普哈里森縣117布里奇波特馬裏恩縣118費爾蒙特LPO克雷縣123克利斯頓卡納瓦哈縣124斯潘克斯頓縣125查爾斯頓賓夕法尼亞州大道羅恩縣126斯潘克斯維爾主幹道127布拉克斯頓縣119加薩韋121格林布賴爾縣白硫泉112北萊維斯堡113龍克韋爾縣96維也納97 Emerson 98師99礦產井泰勒縣95 SISTERSVILLE傑克遜縣101拉文斯伍德102裏普利WV米勒博士梅森縣103點宜人卡貝爾縣104亨廷頓西105亨廷頓東106亨廷頓LPO林肯縣107西哈姆林洛根縣108洛根布恩縣109麥迪遜羅利縣110貝克利LPO韋澤爾縣94新馬丁斯維爾派克縣83皮克維爾84皮克維爾保險弗洛伊德縣85馬丁86北邊約翰遜縣88帕因茨維爾馬格菲恩縣89錫里斯維爾·馬丁·布萊特斯縣91傑克遜·肯特郡92斯科特·亨利縣93肯塔基州西弗吉尼亞州K街132圈133康奈蒂克大道DC蒙哥馬利縣134雪佛蘭追逐馬裏蘭州128科文頓129裏士滿130漢普頓弗吉尼亞州哥倫布克利夫蘭辛辛那提列剋星敦路易斯維爾裏士頓查爾斯頓瑪麗埃塔亨廷頓獨特的社區銀行模式·我們可以影響定價的更多農村市場最強大的存款市場份額頭寸。在三個州的32個縣的市場份額排名前三。·靠近較大城市的存在使我們能夠抓住城市市場的貸款機會(例如辛辛那提, 克利夫蘭、哥倫布、華盛頓特區和裏士滿)·收入多樣性高於平均水平10-100億美元的銀行，手續費收入比率為24%*·強大的社區聲譽和積極參與·全國保險費融資和設備租賃業務強勁、費用收入來源多樣·第17大銀行所有的保險機構，擁有商業、個人、人壽和健康方面的專業知識·財富管理-截至12月31日，管理和管理的資產規模為30億美元，包括經紀、信託和退休計劃，2022年·美國100強設備租賃公司有能力擴大我們的特許經營權·強大的資本、收益增長和運營業績支持併購戰略·成熟的集成能力和可擴展的基礎設施，致力於嚴格執行併產生積極的運營槓桿·強大、集成的企業風險管理流程·專注於業務線業績和貢獻，運營效率和信貸質量·投資組合結構和投資組合數據表明的有紀律的信貸做法有吸引力的股息機會·在正常運營環境下，目標是40%至50%的派息率·支付的股息從2016年第一季度的每股0.15美元增加到最近一個季度的0.38美元·始終如一地評估股息並進行相應調整-2022年1月20日的年化股息率為5.37%*截至2012年12月31日，非利息收入(不包括損益)佔總收入的百分比

8企業文化納斯達克：PEBO我們的願景是成為美國最好的社區銀行環境、社會和治理(ESG)至關重要在我們慶祝成立120週年之際，我們致力於以確保人民將繼續存在的方式開展業務。2022年，我們繼續建立和改進我們的ESG監督框架，並進一步發展我們的可持續發展戰略。我們的ESG重點領域圍繞我們的同事、我們的社區、我們的客户和我們的股東組織。有關我們ESG實踐的更多信息，請訪問我們的網站Peoplesbancorp.com/About-Us/About-People。我們的行動以Promise Circle為代表的核心價值觀為指導，體現了我們的經營方式，以及我們對員工、社區、客户和股東創造價值的永無止境的追求。在我們做出的決策和我們的業務實踐中忠於這些核心價值觀，對於推動可持續的長期增長至關重要。我們的核心價值觀

納斯達克：PEBO戰略路線圖9攜手共進。建設成功。®納斯達克：PEBO·每個人都是風險管理者·瞭解風險：戰略、聲譽、信用、市場、流動性、運營、合規·有紀律的信用文化·第一次做正確的事情·舉手·發現根本原因·有效管理變化·確保信息安全·像對待家人一樣對待客户·取悦客户·確保所有渠道的一致客户體驗·瞭解客户的目標和恐懼·提供專家建議和解決方案·發展數字體驗·DWYSYWD(照你説的做)·收購，發展和留住客户·獲得客户推薦·廣泛經營·為我們提供的價值付出代價·高效運營·渴望成功·進行深思熟慮的合併和收購·按價值招聘·競爭在街對面·推廣學習文化·全方位指導·讓合適的人做正確的工作·負責任，沒有藉口·認可和獎勵業績·平衡工作和生活·培養多樣性·傳播善意/不做壞事負責的客户體驗盈利收入增長一流的工作場所·對卓越股東回報的承諾·客户的金融服務首選·工作的好地方·對我們社區最佳社區銀行的重大影響

10外部認可納斯達克：PEBO SBA財年截至2022年9月30日派克縣，肯塔基州約翰遜縣，肯塔基州弗洛伊德縣，肯塔基州人民銀行是2022年僅有的30家員工在1,000至2,499人之間的公司之一。2022年人民銀行已連續兩年獲得認可。俄亥俄州，俄亥俄州博伊德縣，俄亥俄州和勞倫斯縣，俄亥俄州2022社區獎在SBA 7(A)批准的貸款人民銀行排名全國，俄亥俄州和肯塔基州WV TOP 10%TOP 15 TOP 10通過做好事2022獎

納斯達克：PEBO 11信用、資本和流動性

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總存款成本(%)12存款成本納斯達克：PEBO PEBO截至9月30日的存款成本低於10-100億美元的銀行宇宙，2022年同業組-總存款成本(%)來源：標普全球市場情報，截至2022年9月30日。同業金融機構在本演示文稿中用於比較目的，被稱為“代理同業集團”。這些金融機構的母公司不屬於人民薪酬委員會在分析和制定2022年高管薪酬時使用的金融機構控股公司的同業集團。大學。1-100億美元平均：0.37%的低貸存比提供低成本流動性，為未來增長提供資金

同業集團-總存款成本(%)78.61%55%65%75%85%95%105%115%貸款/存款-同業集團納斯達克：PEBO存款特許經營權13WORKING。建設成功。®納斯達克：PEBO低貸存比提供低成本流動性，為未來增長提供資金來源：標準普爾全球市場情報，截至2022年9月30日。同業金融機構在本演示文稿中用於比較目的，被稱為“代理同業集團”。這些金融機構的母公司不屬於人民薪酬委員會在分析和制定2022年高管薪酬時使用的金融機構控股公司的同業集團。同業集團-貸款/存款N O T T O S C A le Univ.1-100億美元平均：84.65%

14淨息差納斯達克：PEBO同類最佳淨息差很大程度上是由於強大的存款特許經營同行集團-淨息差來源：標準普爾全球市場情報，截至2022年9月30日。同業金融機構在本演示文稿中用於比較目的，被稱為“代理同業集團”。這些金融機構的母公司不屬於人民薪酬委員會在分析和制定2022年高管薪酬時使用的金融機構控股公司的同業集團。TriState Capital Holdings，Inc.沒有包括在內，因為數據不可用。0.00%1.00%2.00%3.00%4.00%5.00%大學1-100億美元平均：3.63%4.19%

同類最佳的淨息差很大程度上是由於強大的存款特許經營權同業集團-淨息差納斯達克：PEBO信用風險管理過程15一起工作。建設成功。®納斯達克：東亞銀行貸款與租賃*投資組合構成·專注於投資組合風險分散的穩健集中管理流程·基於關係的貸款·商業房地產(CRE)和商業與工業(C&I)與消費者保持平衡·CRE融資一般僅適用於A級開發商·CRE在2022年12/31佔基於風險的資本的215%·市場外貸款非常有限·消費者投資組合通過有機和收購不斷增長·72億美元的銀行，每種關係的最大貸款敞口有3,000萬美元的內部指導方針/承保標準·經驗豐富獨立的商業和消費者承銷商·全面的商業承保方案包括標準化的貸款契約語言、敏感性分析和行業研究·風險適用的CRE政策標準因資產類別而異·對政策例外情況設定了限制；每月監測的數量和趨勢·在適當情況下使用政府擔保計劃·3,000萬美元貸款敞口的簡化審批程序·大型會計和諮詢公司的外部貸款審查·季度批評資產審查(CAR)會議·對系統重要性關係(SIR)的季度審查·每月貸款質量委員會會議*在本文件中也稱為“總貸款”和“為投資而持有的貸款”

16資產質量納斯達克：PEBO 0.000%0.125%0.250%0.375%20222021 20202020192018 2017年化撇賬淨額沖銷百分比平均貸款90%95%100%20222021 2020202018 2017被視為當前貸款的百分比被視為當前貸款的百分比我們的拖欠和淨沖銷趨勢六年來保持穩定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年較低的沖銷率是由於大量回收。2021年沖銷的增加是由於一項商業和工業貸款關係的50萬美元沖銷和租賃沖銷(比我們的核心特許經營權更高的沖銷業務)98.6%0.16%

納斯達克：PEBO資產質量17攜手共進。建設成功。®納斯達克：PEBO 2021年第三季度不良資產增加主要是由於獲得的貸款**亞利桑那州2016-13年度購買的信用惡化貸款的會計處理導致390多萬美元的貸款於2020年1月1日從逾期90天以上和應計類別轉移到非應計類別。截至2019年12月31日，這些貸款作為逾期90天以上的應計貸款列報，儘管它們不是應計利息收入，因為它們是因收購會計確認的折扣而增加的收入。截至2021年9月30日的季度，NPA的變化是從Premier Financial Bancorp，Inc.收購了價值1110萬美元的OREO財產的結果。不良資產包括逾期90天以上的貸款和應計貸款、重新協商的貸款、非應計貸款和其他擁有的房地產。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組成C&I住宅CRE HELOC消費者

18資產質量納斯達克：PEBO資產質量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將貸款歸類並批評為A級資本的百分比管理良好。由於收購Premier Financial Bancorp，Inc.，第三季度實現增長。*按照美國證券交易委員會的報道方法。批評貸款包括被歸類為特別提及、不合格或可疑的貸款。分類貸款包括分類為不合標準或可疑的貸款。分類貸款/一級資本+全部貸款*批評貸款/一級資本+全部貸款*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鎮PFC STBA EGBN SASR同業銀行子銀行-CRE貸款/基於風險的資本納斯達克：PEBO CRE集中度分析19WORKING。建設成功。®納斯達克：PEBO CRE敞口遠低於為識別CRE集中度較高的機構而建立的監管標準同行組-CRE貸款/基於風險的資本來源：標準普爾全球市場情報，商業銀行看漲報告數據截至9/30/22。根據2013年4月OCC-FRB指南。CLD貸款定義為用於建築、土地和土地開發的貸款總額。CRE貸款定義為非業主自用CRE貸款總額(包括CLD)。CTBI的信息不可用。以上使用代理對等組是為了進行比較。300%是根據監管指南被認為是CRE集中風險增加的水平。

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--建築、土地和土地開發貸款/基於風險的資本20 CRE集中度分析納斯達克：PEBO來源：標準普爾全球市場情報，商業銀行看漲報告數據截至2012年9月30日。根據2013年4月OCC-FRB指南。CLD貸款定義為用於建築、土地和土地開發的貸款總額。CRE貸款定義為非業主自用CRE貸款總額(包括CLD)。CTBI的信息不可用。以上使用代理對等組是為了進行比較。100%是根據監管指引被認為是建設、土地和土地開發集中風險增加的水平。PEBO顯著低於10-100億美元銀行同業集團的平均水平-建築、土地和土地開發貸款/基於風險的資本總貸款組合=47億美元

同業集團-建築，土地和土地開發貸款/基於風險的資本納斯達克：PEBO貸款組合21一起工作。建設成功。®納斯達克：PEBO總貸款組合=截至2022年12月31日的47億美元數據。*總額包括商業地產和建築貸款，敞口包括承諾。**顯示了貸款規模的前十大類別(其他類別中的其餘類別)貸款構成反映了多樣化的風險概況商業和工業19%非業主佔用(CRE)19%住宅房地產16%消費者16%間接業主佔用(CRE)12%租賃7%建築5%房屋淨值信用額度4%保費融資貸款3%消費者，直接2%1 2 3 4 5 6 7 8 9 10 CRE總投資組合*=14億美元零售11%寫字樓11%輕工業10%公寓10%混合用途7%住宿7%倉庫5%輔助生活4%教育服務4%其他31%**12345678910餐飲服務24%零售業16%貿易承包商10%房地產7%製造業(食品、飲料、紡織、皮革)6%批發貿易4%塑料和橡膠製品製造業3%流動醫療保健服務3%教育服務3%機械製造3%其他21%**1 2 3 4 5 6 7 8 9 10 11其他教育輔助生活倉庫住宿公寓混合用途輕型工業Oce建築物零售商業房地產組合3 2 5 1 6 7 8 9 10 4總投資組合=9億美元, 包括購買力平價貸款C&I圖2 1 3 4 5 6 7 8 9 10 11貸款組合商業房地產組合貸款組合(不包括存款透支)2 3 1 4 5 7 8 6 9 10貸款敞口(承諾)^俄亥俄州59.6%西弗吉尼亞州22.1%肯塔基州11.3%弗吉尼亞州2.5%馬裏蘭州2.1%DC 0.4%賓夕法尼亞州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^不包括保費融資，北極星租賃和優勢租賃

22謹慎使用資本納斯達克：PEBO資本優先·有機增長·分紅·股票回購·收購活動分紅·7年增加分紅。支付的股息從2016年第一季度的每股0.15美元增加到最近一個季度的0.38美元·根據人民普通股在2023年1月20日的收盤價28.31美元，季度股息產生5.37%的年化收益率股票回購·謹慎回購股票·2022年回購740萬美元，並在2020年每個季度回購股票·由於即將與Limstone Bancorp，Inc.合併，股票回購計劃已暫停。

Q4 & FY 2022 FINANCIAL INSIGHTS 23

2022財年第四季度亮點和主要影響納斯達克：截至2023年1月3日針對代理對等組的PEBO社交媒體數據(基於納斯達克符號)：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人民銀行是社交媒體追隨者的前三分之一，在代理同行組(25家銀行)#6#6#6#7金融：·People公佈2022年第四季度淨收入為2690萬美元，稀釋後普通股收益為0.95美元。相比之下，People確認2022年第三季度每股稀釋後普通股收益為0.92美元，2021年第四季度每股稀釋後普通股收益為0.98美元。·就全年而言，People錄得淨收益1.013億美元，或每股稀釋後普通股3.60美元，而2021年全年為4760萬美元，或每股稀釋後普通股2.15美元。·與相關季度相比，淨利息收入增加了360萬美元，增幅為5%；與2021年第四季度相比，增加了1590萬美元，增幅為29%。2022年第四季度的淨息差為4.44%。·與2021年第四季度相比，不包括淨收益和淨虧損的非利息收入總額增加了50萬美元。·與相關季度相比，非利息支出總額增加了110萬美元，增幅為2%；與2021年第四季度相比，非利息支出總額增加了540萬美元，增幅為11%。·與2022年9月30日相比，期末總貸款和租賃餘額增加了9600萬美元，摺合成年率增加了8%。·資產質量在本季度保持穩定。貸款增長基於費用的收入效率比率淨息差

納斯達克：PEBO金融預期25攜手共進。建設成功。®納斯達克：PEBO 2023年貸款增長收費收入非利息支出效率比率信貸成本預計貸款增長25%-30%，包括石灰石餘額預計收費收入將較低兩位數增長預計淨沖銷率比2022年提高約5個基點預計與2022年相比增長20%不包括收購相關費用預計全年淨利差在55%至57%之間淨利差預計在4.50%至4.65%之間

26收購石灰石銀行公司納斯達克：PEBO宣佈2022年10月25日通過其社區銀行子公司和226名合夥人，在肯塔基州14個縣經營20家分行。截至2022年12月31日，石灰石在合併基礎上擁有15億美元的總資產，其中包括11億美元的總淨貸款和12億美元的總存款。·合併完成後，合併後的公司將擁有約85億美元的總資產，57億美元的總貸款和71億美元的總存款，在俄亥俄州、西弗吉尼亞州、肯塔基州、馬裏蘭州、弗吉尼亞州和華盛頓特區設有150個辦事處。有關預計收購計劃宣佈的更多信息，請訪問Pebo.com的投資者關係頁面>美國證券交易委員會備案文件。

納斯達克：必和必拓股票表現27連在一起。建設成功。®納斯達克：PEBO 0%10%20%30%40%50%60%70%80%銀行業表現落後於標準普爾500指數3年和5年總年回報率1年3年5年-7%-18%3%-1%8%截至2022年12月31日總回報率-2%包括股息的影響。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。來源：彭博標準普爾500指數同業集團PEBO 3%9%2%

28總收入納斯達克：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年總收入3.33億美元$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)人民受益於2018年第二季度收購ASB金融公司，2019年第二季度收購First Prestonsburg Bancs股份有限公司，2020年第三季度收購Triumph Premium Finance，2021年第二季度收購北極星租賃公司2021年第三季度收購Premier Bancorp Financial，Inc.，2022年第一季度收購Vantage Financial。$64,330$138,923$69,254$172,553$79,513$253,442

納斯達克：PEBO保險與投資收入構成29攜手同行。建設成功。®納斯達克：PEBO 3 4 5 2022財年總投資收入1,640萬美元1信託46%2經紀39%3員工福利15%保險和投資收入構成保險收入*投資收入*1 2 1 P&C商業線57%2 P&C個人線19%3人壽和健康13%4業績基礎9%5其他2%在供應鏈和其他2%在供應鏈2022財年保險總收入1 3 2 4 1,570萬美元5

30費用與效率比率納斯達克：百事可樂最近費用的上升是由於收購，增長和技術投資的FTE增加核心非利息支出*非核心項目的效率比率調整後*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%調整後的效率比率對於非核心項目*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)*非美國GAAP財務衡量標準。請參見附錄。新冠肺炎和非利息支出增加對2020&2021年效率的影響58.59%

0.0%0.5%1.0%1.5%2.0%FY-22FY-21FY-19FY-18FY-17FY-16FY-15關鍵指標平均回報率的改善非核心項目調整後的資產平均有形股東權益調整非核心項目的平均有形股東權益回報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每股有形賬面價值1.25%1.50%1.75%2.00%2.25%納斯達克：PEBO在關鍵指標方面的改進31WORKING一起。建設成功。®納斯達克：PEBO 0.0%0.5%1.0%1.5%2.0%FY-22FY-21FY-20FY-19FY-18FY-17FY-16FY-15關鍵指標的改善非核心項目調整後的資產平均有形股東權益非核心項目調整後的平均有形股東權益回報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每股有形賬面價值FY-1 1.25%1.50%1.75%2.00%2.25%近年來，我們在這些指標上取得了穩步進展。信貸損失撥備、利率環境和新冠肺炎的其他經濟影響在2020年和2021年對這些指標產生了重大影響。2022年淨收益增加，原因是市場利率上升以及Premier和Vantage收購。按非核心項目調整的平均資產回報率1按非核心項目調整的股東權益回報率1非美國公認會計原則財務衡量標準。請參見附錄。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總貸款增長納斯達克：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貸款增長總額ASB收購貸款除購買力平價貸款外，本歷年未收購的貸款總額第一普雷斯頓斯堡收購貸款貸款總額*截至2022年12月31日，保費融資收購貸款總額收購租賃總額購買力平價貸款Premier Financial Bancorp，Inc.後備貸款*在本文件中也稱為“貸款總額”和“為投資而持有的貸款”。

存款增長$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年存款餘額的48%是活期存款賬户，其中包括16億美元的無息DDA*DDA代表活期存款賬户，代表有息和無息交易賬户。$2,730$2,955$3,291($M IL Li O N N S)經紀存款證政府存款賬户貨幣市場存款賬户零售存款證儲蓄賬户有息存款餘額*無息存款餘額*$3,910$5,862 48%43%40%40%42%$5,717 48%存款增長納斯達克：PEBO 33建設成功。®納斯達克：百事可樂

34不僅僅是一家銀行納斯達克：畢馬威被《新聞週刊》評為2023年美國最佳銀行之一美國第17大銀行擁有的保險公司。在俄亥俄州、西弗吉尼亞州、肯塔基州、弗吉尼亞州、華盛頓特區和馬裏蘭州設有辦事處。當北極星租賃與Vantage Financial合併時，人民設備租賃公司將躋身顯示器100強。全國專業金融分部

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

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