Recent Updates — PEBK

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.

Peoples Bancorp of North Carolina, Inc. reported second quarter 2026 net earnings of $5.2 million, or $0.98 per share, compared to $5.2 million or $0.97 per share for the same period last year. The company announced a quarterly cash dividend of $0.21 per share for the three months ended June 30, 2026. Total loans grew to $1.28 billion and total deposits increased to $1.57 billion as of June 30, 2026. The company operates as a bank holding company in North Carolina.