EXHIBIT 21

PEOPLES BANCORP INC. ANNUAL REPORT ON FORM 10-K

FOR FISCAL YEAR ENDED DECEMBER 31, 2023

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