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Peoples Bancorp of North Carolina, Inc.

Peoples Bancorp of North Carolina, Inc.

NASDAQ•PEBK
CEO: Mr. William D. Cable Sr.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1985-10-16
Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses. It offers checking, savings, money market, and retirement accounts; certificates of deposits; and credit and debit cards. The company also originates commercial real estate loans, commercial loans, construction and land development loans, and residential mortgage loans; and individual taxpayer identification number mortgage loans, as well as agricultural loans. In addition, it provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. Further, the company operates as a clearing-house for the provision of appraisal services for community banks; and acquires, manages, and disposes real property, other collateral, and other assets obtained in the ordinary course of collecting debts. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.
Contact Information
518 West C Street, Newton, NC, 28658, United States
828-464-5620
www.peoplesbanknc.com
Market Cap
$192.72M
P/E (TTM)
11.5
15.5
Dividend Yield
2.6%
52W High
$38.46
52W Low
$23.74
52W Range
85%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$24.87M+0.31%
4-Quarter Trend

EPS

$0.70-6.67%
4-Quarter Trend

FCF

$4.37M-6.66%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

NII Expansion Strong 9-month NII (taxable equivalent) reached $43.7M, up $3.4M year-over-year; Net Interest Spread improved to 2.86%.
Loan Portfolio Growth Total loans grew 4.0% to $1.18B by September 30, 2025; Non-interest income increased to $21.3M driven by fee income.
Capital Ratios Strengthened CET1 ratio rose to 13.68% and Total Risk-Based Capital ratio reached 15.70%, demonstrating robust capital adequacy.
Net Earnings Increased Nine-month net earnings rose to $13.2M from $12.8M last year; diluted EPS increased to $2.41 per share.

Risk Factors

Increased Credit Provisioning Provision for credit losses for nine months was $585K expense versus $80K recovery last year, reflecting higher construction loan reserves.
Interest Rate Sensitivity Average loan yield decreased slightly to 5.06% for nine months, indicating potential pressure from lower FOMC target rates.
Loan Portfolio Concentration Substantial portion of loan portfolio collateralized by real estate, dependent on local market conditions and property values.
Litigation Expense Impact Legal fees increased significantly due to NCDOT litigation, impacting non-interest expense during the reporting period.

Outlook

Credit Quality Monitoring Management continues rigorous loan grading and qualitative adjustments for ACL estimation under CECL methodology.
Liquidity Position Stable Liquidity ratio remains strong at 30.14%, well above the 10% minimum required ratio, supported by core deposits.
Capital Buffer Maintained Capital levels remain significantly above "well capitalized" thresholds, allowing flexibility for operations and potential growth.
Moderate Economic Growth Expect continued moderate economic growth locally, though national market uncertainty remains a factor influencing credit risk.

Peer Comparison

Revenue (TTM)

Meridian CorporationMRBK
$205.36M
+8.9%
Hanover Bancorp, Inc.HNVR
$145.20M
-0.2%
MainStreet Bancshares, Inc.MNSB
$138.62M
+2.0%

Gross Margin (Latest Quarter)

Peoples Bancorp of North Carolina, Inc.PEBK
72.6%
+1.7pp
Meridian CorporationMRBK
57.0%
+4.6pp
MainStreet Bancshares, Inc.MNSB
53.6%
+15.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MRBK$210.88M10.211.4%0.0%
PEBK$192.72M11.511.9%1.1%
OVBC$189.90M17.17.1%2.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.2%
Moderate Growth
4Q Net Income CAGR
1.2%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 10, 2026
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EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $24.87M+0.3%
    |
    EPS: $0.70-6.7%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $25.03M+1.6%
    |
    EPS: $0.97+4.3%
    N/A

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $23.84M+0.9%
    |
    EPS: $0.82+10.8%
    N/A

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 12, 2025|
    Revenue: $97.79M+14.0%
    |
    EPS: $3.08+7.3%
    N/A

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $24.79M+10.2%
    |
    EPS: $0.75-1.3%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $24.64M+13.7%
    |
    EPS: $0.93+5.7%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $23.63M+27.8%
    |
    EPS: $0.74+27.6%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $85.78M+21.3%
    |
    EPS: $2.87-2.4%
    Beat