PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) Form 8-K — Oct 19, 2026
Peoples Bancorp of North Carolina (Nasdaq: PEBK) reported Q3 2026 net earnings of $5.7 million, or $1.08 per basic share and $1.05 diluted, up sharply from $3.7 million, or $0.70 basic and $0.67 diluted, a year earlier. Net interest margin expanded to 3.85% from 3.58%, driven by higher interest and fees on loans and lower deposit costs following Fed rate cuts, while the provision for credit losses fell to $250,000 from $530,000. Balance sheet growth was strong: total loans reached $1.30 billion (up $98.6 million year-to-date) and deposits rose to $1.57 billion, with non-performing assets steady at just 0.25% of total assets.
Key figures
- Eps
- 1.08
- Revenue
- 0
- Net Income
- 5700000
- Total Debt
- 15464000
- Total Assets
- 1762190000
- Cash Position
- 57150000
- Shares Outstanding
- 5461490
- Total loans
- $1.30 billion vs $1.20 billion at 12/31/25
- Provision q3
- $250,000 vs $530,000
- Diluted eps q3
- $1.05
- Total deposits
- $1.57 billion vs $1.51 billion at 12/31/25
- Ytd net earnings
- $15.4 million / $2.89 basic EPS / $2.81 diluted
- Shareholders equity
- $157.7 million, 8.95% of assets
- Book value per share
- $29.63 vs $28.15
- Non performing assets
- $4.3 million or 0.25% of total assets
- Net interest income q3
- $16.7 million vs $15.1 million
- Net interest margin q3
- 3.85% vs 3.58%
- Return on avg assets q3
- 1.29% vs 0.85%
- Prior year q3 net earnings
- $3.7 million / $0.70 basic EPS
- Allowance for credit losses
- $10.7 million or 0.82% of loans
AI analysis
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