Peoples Bancorp has reported net income of $786,606 for the second quarter of 2008, compared to $513,290 for the same period of 2007.
Second quarter 2008 earnings per share were $0.26 per share, compared to $0.16 per share for the same period of 2007.
Peoples Bancorp reported net income of $1.57 million for the first half of 2008, compared to $1.31 million for the same period of 2007. The company reported that earnings per share were $0.51 for the first half of 2008, compared to $0.41 per share for H1 2007.
Maurice Winkler, president of Peoples Bancorp, said: We are very encouraged by the progress we have made with our expense reductions and the recent cuts made by the Federal Reserve.