Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022:

	Common Shares	Treasury Stock
Shares at December 31, 2021	29,814,401	1,577,359
Changes related to stock-based compensation awards:
Release of restricted common shares	—	35,474
Cancellation of restricted common shares	—	1,377
Grant of restricted common shares	—	(171,499)
Grant of unrestricted common shares	—	(700)
Changes related to deferred compensation plan for Boards of Directors:
Purchase of treasury stock	—	2,203
Common shares issued under dividend reinvestment plan	10,283	—
Common shares issued under compensation plan for Boards of Directors	—	(3,964)
Common shares issued under employee stock purchase plan	—	(5,809)
Shares at March 31, 2022	29,824,684	1,434,441

Summary of Dividends Declared

The following table details the cash dividends declared per common share during the two quarters of 2022 and the comparable periods of 2021:

	2022		2021
First quarter	$	0.36	$	0.35
Second quarter	0.38		0.36
Total dividends declared	$	0.74	$	0.71

Summary of Accumulated Other Comprehensive (Loss) Income

The following table details the change in the components of Peoples’ accumulated other comprehensive (loss) income for the three months ended March 31, 2022:

(Dollars in thousands)	Unrealized Loss on Securities		Unrecognized Net Pension and Postretirement Costs		Unrealized (Loss) Gain on Cash Flow Hedge		Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2021	$	(5,946)	$	(1,881)	$	(3,792)	$	(11,619)
Reclassification adjustments to net income:
Realized gain on sale of securities, net of tax	(100)		—		—		(100)
Other comprehensive (loss) income, net of reclassifications and tax	(55,189)		5		4,236		(50,948)
Balance, March 31, 2022	$	(61,235)	$	(1,876)	$	444	$	(62,667)