Peoples Bancorp's (PEBO) earnings are expected to slightly increase next year on the back of loan growth. The company's plans to invest in non-banking business are also expected to support earnings growth. On the other hand, NIM compression and growth of non-interest expense are expected to constrain the bottom line.
Loans to Grow as Payoffs Taper Off
PEBO's earning assets grew this year due to the First Prestonsburg acquisition, which will keep net interest income elevated next year. Moreover, PEBO's loan portfolio is expected to further grow in 2020 as payoffs, which had