Peoples Bancorp Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income of $28,430,000 compared with $22,868,000 for the same period a year ago. Net interest income was $25,864,000 compared with $20,124,000 for the same period a year ago. Income before income taxes was $3,008,000 compared with $6,285,000 for the same period a year ago. Net income was $2,583,000 or $0.14 per diluted share compared with $4,245,000 or $0.28 per diluted share for the same period a year ago. Tangible book value per common share was $14.68 compared with $15.57 for the same period a year ago. Return on average equity was 2.42% compared with 5.03% for the same period a year ago. Return on average assets was 0.32% compared with 0.66% for the same period a year ago. Book value per common share was $22.81 compared with $22.92 for the same period a year ago. Adjusted revenue $38.480 million, compared to $30.653 million reported for the same period last year. Revenues were $38 million, up from $30.3 million reported for the same period last year.

For the full year, the company reported interest income of $108,333,000 compared with $80,200,000 for the same period a year ago. Net interest income was $97,612,000 compared with $69,506,000 for the same period a year ago. Income before income taxes was $14,816,000 compared with $24,178,000 for the same period a year ago. Net income was $10,941,000 or $0.61 per diluted share compared with $16,684,000 or $1.35 per diluted share for the same period a year ago. Return on average equity was 2.69% compared with 6.16% for the same period a year ago. Return on average assets was 0.35% compared with 0.74% for the same period a year ago. Adjusted revenue $147.031 million, compared to $110.894 million reported for the same period last year.

For the quarter, the company announced net charge offs of $13,639,000.

The company provided earnings guidance for 2016. On the revenue side, the company anticipates between 4% and 6% revenue growth after normalizing 2015 for a full year impact of NB&T, driven largely by the loan growth and growth in the fee-based businesses. Within noninterest income, the company anticipates revenue growth in the mid-single digits when normalizing 2015 for the full year impact of NB&T. On the expense side, after normalizing 2015 and adjusting for acquisition-related charges, the company expects expense growth in the low single digits in 2016, which will result in positive operating leverage for 2016.