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Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 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 three months ended March 31, 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— 50,671 
Cancellation of restricted common shares— 30,633 
Grant of restricted common shares— (160,269)
Grant of unrestricted common shares— — 
Purchase of treasury stock— 3,045 
Disbursed out of treasury stock— (954)
Common shares repurchased under share repurchase program— — 
Common shares issued under dividend reinvestment plan12,506 — 
Common shares issued under compensation plan for Boards of Directors
— (3,890)
Common shares issued under employee stock purchase plan
— (10,149)
Shares at March 31, 202536,795,107 1,220,262 
Summary of Dividends Declared The following table details the cash dividends declared per common share during the first two quarters of 2025 and the comparable periods of 2024:
20252024
First quarter$0.40 $0.39 
Second quarter0.41 0.40 
Total dividends declared$0.81 $0.79 
Summary of Accumulated Other Comprehensive (Loss) Income
The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income during the three months ended March 31, 2025:
(Dollars in thousands)Unrealized (Loss) Gain on SecuritiesUnrealized Gain on Cash Flow HedgesAccumulated Other Comprehensive (Loss) Income
Balance, December 31, 2024$(111,829)$1,444 $(110,385)
Reclassification adjustments to net income:
  Realized loss on securities, net of tax2 — 2 
  Realized loss on cash flow hedges, net of tax(326)(326)
  Other comprehensive income (loss), net of reclassifications and tax
15,199 (181)15,018 
Balance, March 31, 2025$(96,628)$937 $(95,691)