v3.25.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Summary of Common Stock and Treasury Stock
The following table details the progression in Peoples’ common shares and treasury stock during the six months ended June 30, 2025:
 Common SharesTreasury
Stock
Shares at December 31, 202436,782,601 1,311,175 
Changes related to stock-based compensation awards:  
Release of restricted common shares— 60,533 
Cancellation of restricted common shares— 35,403 
Grant of restricted common shares— (171,393)
Purchase of treasury stock— 6,302 
Disbursed out of treasury stock— (13,564)
Common shares repurchased under share repurchase program— 17,166 
Common shares issued under dividend reinvestment plan25,626 — 
Common shares issued under compensation plan for Boards of Directors
— (8,180)
Common shares issued under employee stock purchase plan
— (18,034)
Shares at June 30, 202536,808,227 1,219,408 
Summary of Dividends Declared The following table details the cash dividends declared per common share during the first three quarters of 2025 and the comparable periods of 2024:
20252024
First quarter$0.40 $0.39 
Second quarter0.41 0.40 
Third quarter0.41 0.40 
Total dividends declared$1.22 $1.19 
Summary of Accumulated Other Comprehensive (Loss) Income
The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the six months ended June 30, 2025, as related items impact the income statement:
(Dollars in thousands)Unrealized (Loss) Gain on SecuritiesUnrealized Gain (Loss) on Cash Flow HedgesAccumulated Other Comprehensive (Loss) Income
Balance, December 31, 2024$(111,829)$1,444 $(110,385)
Reclassification adjustments to net income:
  Realized gain on securities, net of tax2 — 2 
  Other comprehensive income (loss), net of reclassifications and tax
20,880 (769)20,111 
Balance, June 30, 2025$(90,947)$675 $(90,272)