XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Summary of Common Stock and Treasury Stock
The following table details the progression in Peoples’ common shares and treasury stock during the nine months ended September 30, 2024:
 Common SharesTreasury
Stock
Shares at December 31, 202336,736,041 1,511,348 
Changes related to stock-based compensation awards:  
Release of restricted common shares— 29,921 
Cancellation of restricted common shares— 25,223 
Grant of restricted common shares— (296,970)
Grant of unrestricted common shares— (1,200)
Purchase of treasury stock— 12,004 
Disbursed out of treasury stock— (12,833)
Common shares repurchased under share repurchase program— 100,905 
Common shares issued under dividend reinvestment plan36,418 — 
Common shares issued under compensation plan for Boards of Directors
— (12,580)
Common shares issued under employee stock purchase plan
— (32,743)
Shares at September 30, 202436,772,459 1,323,075 
Summary of Dividends Declared The following table details the cash dividends declared per common share during the four quarters of 2024 and the comparable periods of 2023:
20242023
First quarter$0.39 $0.38 
Second quarter0.40 0.39 
Third quarter0.40 0.39 
Fourth quarter0.40 0.39 
Total dividends declared$1.59 $1.55 
Summary of Accumulated Other Comprehensive (Loss) Income
The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the nine months ended September 30, 2024:
(Dollars in thousands)Unrealized (Loss) Gain on SecuritiesUnrealized Gain on Cash Flow HedgesAccumulated Other Comprehensive (Loss) Income
Balance, December 31, 2023$(104,222)$2,632 $(101,590)
Reclassification adjustments to net income:
  Realized loss on securities, net of tax328 — 328 
Other comprehensive (loss) income, net of reclassifications and tax
20,211 (1,445)18,766 
Balance, September 30, 2024$(83,683)$1,187 $(82,496)