EXHIBIT 21

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K

FOR FISCAL YEAR ENDED DECEMBER 31, 2024

Subsidiaries of Peoples Bancorp Inc.
			The following are the only subsidiaries of Peoples Bancorp Inc.:
Name of Subsidiary									Jurisdiction of Incorporation or Organization
Peoples Bank									Ohio
			Peoples Insurance Agency, LLC (also does business as “Peoples Insurance”)						Ohio
			Marietta Mills Limited Partnership						Ohio
			Baltimore MFH LLC						Maryland
			Vantage Financial, LLC						Minnesota
Peoples Investment Company									Ohio
NB&T Statutory Trust III									Delaware
FNB Capital Trust One									Delaware
Second and Butler, LLC									Ohio
Ascencia Statutory Trust I									Connecticut
Porter Statutory Trust II									Connecticut
Porter Statutory Trust III									Connecticut
Porter Statutory Trust IV									Connecticut