Earnings ·
Peoples Bancorp reports Q3 net earnings of $5.7 million or $1.08 per share
PEBKPeoples Bancorp of North Carolina Inc
Peoples Bancorp of North Carolina reported third-quarter 2026 net earnings of $5.7 million, or $1.08 per basic share and $1.05 per diluted share, compared to $3.7 million, or $0.70 per share, in the prior-year period. The increase was driven by a rise in net interest income to $16.7 million from $15.1 million, aided by lower interest expense following Federal Reserve rate cuts and higher loan fees. Non-interest expense decreased to $15.8 million from $16.9 million due to reduced professional and appraisal management fees. Year-to-date earnings reached $15.4 million, or $2.89 per share. The company operates 15 banking offices in North Carolina as the parent of Peoples Bank.