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MARIETTA, Ohio, April 20, 2021 /PRNewswire/ Peoples Bancorp Inc. ( Peoples ) (Nasdaq: PEBO) today announced results for the three months ended March 31, 2021. Peoples reported net income of $15.2 million for the first quarter of 2021, representing earnings per diluted common share of $0.79. In comparison, Peoples recognized earnings per diluted common share of $1.05 for the fourth quarter of 2020 and a loss per diluted common share of $0.04 for the first quarter of 2020.
Non-core items, and the related tax effect of each, contained in net income (loss) included gains and losses on investment securities and asset disposals and other transactions, acquisition-related expenses, pension settlement charges, severance expenses, COVID-19-related expenses and a contribution to Peoples Bank Foundation, Inc. Non-core items negatively impacted earnings per diluted common share by $0.11 for the first quarter of 2021, $0.07 for the fourth quar