Peoples Bancorp of North Carolina

Peoples Bancorp of North Carolina, Inc. is the holding company of the Peoples Bank, which engages in the provision of a full suite of commercial and personal banking products and services. Its business includes personal, business, online and mobile banking, personal and business loans, treasury management, and wealth management services. The company was founded in 1999 and is headquartered in Newton, NC.

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Peoples Bancorp of North Carolina, Inc. is a holding company, which engages in the business of owning the Bank, Peoples Bank and PEBK Capital Trust II. It operates through the following segments: Banking Operations, Community Bank Real Estate Solutions, LLC (CBRES), and Other. The Banking Operations segment focuses on the consolidated bank. The CBRES segment provides appraisal management services to community banks. The company was founded in 1999 and is headquartered in Newton, NC.

NEWTON, NC / ACCESSWIRE / October 21, 2024 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported third quarter 2024 results with highlights as follows: Third quarter 2024 highlights: Net earnings were $4.0 million or $0.74 per share and $0.72 per diluted share for the three months ended September 30, 2024, compared to $4.1 million or $0.76 per share and $0.74 per diluted share for the same period one year ago. Net interest margin was 3.35% for the three months ended September 30, 2024, compared to 3.39% for the three months ended September 30, 2023.

Peoples Bancorp Announces Third Quarter 2024 Results

NEWTON, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company's regular cash dividend for the third quarter of 2024 in the amount of $0.19 per share. The third quarter cash dividend will be paid on September 13, 2024 to shareholders of record on September 3, 2024.

Peoples Bancorp Announces Cash Dividend

NEWTON, NC / ACCESSWIRE / July 31, 2024 / Robert Abernethy, Chairman of the Board of Peoples Bancorp of North Carolina (Nasdaq:PEBK) announced today that Bill Cable has been appointed by the Board of Directors to assume the role of President and CEO on September 19, 2024 with the upcoming retirement of Lance Sellers in early 2025. Mr. Abernethy commented on the appointment by saying "Peoples Bank has been very fortunate to have a talented and dedicated team of senior executives.

Peoples Bancorp Announces Retirement of Lance Sellers as CEO/President and the Selection of Bill Cable as the New CEO/President; Cable has been the Chief Operating Officer Since 2000

NEWTON, NC / ACCESSWIRE / July 22, 2024 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported second quarter 2024 results with highlights as follows: Second quarter 2024 highlights: Net earnings were $4.9 million or $0.93 per share and $0.89 per diluted share for the three months ended June 30, 2024, compared to $4.8 million or $0.88 per share and $0.85 per diluted share for the same period one year ago. Net interest margin was 3.34% for the three months ended June 30, 2024, compared to 3.56% for the three months ended June 30, 2023.

Peoples Bancorp Announces Second Quarter 2024 Results

NEWTON, NC / ACCESSWIRE / June 25, 2024 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, Newton, NC announced today that its Board of Directors has authorized a stock repurchase program, whereby up to $2 million will be allocated to repurchase the Company's common stock. At March 31, 2024, the Company had assets of $1.7 billion and stockholder's equity of $121.1 million.

Peoples Bancorp Announces Authorization of Stock Repurchase Plan

NEWTON, NC / ACCESSWIRE / April 26, 2024 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported first quarter 2024 results with highlights as follows: First quarter 2024 highlights: Net earnings were $3.9 million or $0.74 per share and $0.72 per diluted share for the three months ended March 31, 2024, compared to $3.2 million or $0.58 per share and 0.56 per diluted share for the same period one year ago. Cash dividends were $0.35 per share during the three months ended March 31, 2024, compared to $0.34 per share for the prior year period.

Peoples Bancorp Announces First Quarter 2024 Results

NEWTON, N.C., Jan. 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) is pleased to announce the declaration of a special cash dividend in the amount of $0.16 per share. The special cash dividend will be paid on February 16, 2024 to shareholders of record on February 5, 2024.

Peoples Bancorp Announces Special Cash Dividend

NEWTON, NC / ACCESSWIRE / January 22, 2024 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported fourth quarter and full year 2023 results with highlights as follows: Fourth quarter 2023 highlights: Net earnings were $3.4 million or $0.64 per share and $0.62 per diluted share for the three months ended December 31, 2023, as compared to $4.1 million or $0.76 per share and $0.74 per diluted share for the same period one year ago. Net interest margin was 3.32% for the three months ended December 31, 2023, compared to 3.78% for three months ended December 31, 2022.

Peoples Bancorp Announces Fourth Quarter and Full Year 2023 Results

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NEWTON, NC / ACCESSWIRE / October 23, 2023 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported third quarter 2023 results with highlights as follows: Third quarter 2023 highlights: Net earnings were $4.1 million or $0.76 per share and $0.74 per diluted share for the three months ended September 30, 2023, as compared to $5.3 million or $0.96 per share and $0.93 per diluted share for the same period one year ago. Net interest margin was 3.39% for the three months ended September 30, 2023 and September 30, 2022.

Peoples Bancorp Announces Third Quarter 2023 Results

NEWTON, NC / ACCESSWIRE / July 24, 2023 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported second quarter 2023 results with highlights as follows: Second quarter 2023 highlights: Net earnings were $4.8 million or $0.88 per share and $0.85 per diluted share for the three months ended June 30, 2023, as compared to $3.2 million or $0.59 per share and $0.57 per diluted share for the same period one year ago. Net interest margin was 3.56% for the three months ended June 30, 2023, compared to 2.87% for the three months ended June 30, 2022.

Peoples Bancorp Announces Second Quarter 2023 Results

NEWTON, NC / ACCESSWIRE / April 24, 2023 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported first quarter 2023 results with highlights as follows: First quarter 2023 highlights: Net earnings were $3.2 million or $0.58 per share and $0.56 per diluted share for the three months ended March 31, 2023, as compared to $3.5 million or $0.63 per share and $0.61 per diluted share for the same period one year ago. Cash dividends were $0.34 per share during the three months ended March 31, 2023, as compared to $0.33 per share for the same period one year ago.

Peoples Bancorp Announces First Quarter 2023 Results

NEWTON, NC / ACCESSWIRE / January 23, 2023 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported fourth quarter and full year 2022 results with highlights as follows: Fourth quarter 2022 highlights: Net earnings were $4.1 million or $0.76 per share and $0.74 per diluted share for the three months ended December 31, 2022, as compared to $3.0 million or $0.55 per share and $0.53 per diluted share for the same period one year ago. Full year 2022 highlights: Net earnings were $16.1 million or $2.94 per share and $2.85 per diluted share for the year ended December 31, 2022, as compared to $15.1 million or $2.71 per share and $2.63 per diluted share for the year ended December 31, 2021.

Peoples Bancorp Announces Fourth Quarter and Full Year 2022 Results

NEWTON, NC / ACCESSWIRE / October 24, 2022 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported third quarter 2022 results with highlights as follows: Third quarter 2022 highlights: Net earnings were $5.3 million or $0.96 per share and $0.93 per diluted share for the three months ended September 30, 2022, as compared to $3.4 million or $0.61 per share and $0.59 per diluted share for the same period one year ago. The Bank recognized $54,000 in Small Business Administration (SBA) Paycheck Protection Program (PPP) loan fee income during the three months ended September 30, 2022, as compared to $489,000 in PPP loan fee income for the same period one year ago.

Peoples Bancorp Announces Third Quarter 2022 Results

NEWTON, NC / ACCESSWIRE / July 25, 2022 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported second quarter 2022 results with highlights as follows: Second quarter 2022 highlights: Net earnings were $3.2 million or $0.59 per share and $0.57 per diluted share for the three months ended June 30, 2022, as compared to $4.6 million or $0.82 per share and $0.80 per diluted share for the same period one year ago. The Bank recognized $293,000 in Small Business Administration (SBA) Paycheck Protection Program (PPP) loan fee income during the three months ended June 30, 2022, as compared to $1.5 million in PPP loan fee income for the same period one year ago.

Peoples Bancorp Announces Second Quarter 2022 Results

NEWTON, NC / ACCESSWIRE / April 25, 2022 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported first quarter 2022 results with highlights as follows: First quarter 2022 highlights: Net earnings were $3.5 million or $0.63 per share and $0.61 per diluted share for the three months ended March 31, 2022, as compared to $4.1 million or $0.73 per share and $0.71 per diluted share for the same period one year ago. The Bank recognized $600,000 in Small Business Administration (SBA) Paycheck Protection Program (PPP) loan fee income during the three months ended March 31, 2022, as compared to $999,000 in PPP loan fee income for the same period one year ago.

Peoples Bancorp Announces First Quarter 2022 Results

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All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.6% and a median increase of 6.25%. I've tracked 118 increases in 2022. There are twenty-one increases for next week, up from eighteen last week.

21 Upcoming Dividend Increases Including One Dividend King

NEWTON, N.C., Feb. 18, 2022 (GLOBE NEWSWIRE) -- Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK), the parent company of Peoples Bank, Newton, NC, announced today that its Board of Directors has authorized a stock repurchase program, whereby up to $2 million will be allocated to repurchase the Company's common stock. At December 31, 2021, the Company had assets of $1.6 billion and stockholder's equity of $142.4 million.

Peoples Bancorp Announces Authorization of Stock Repurchase Plan and Cash Dividend

NEWTON, NC / ACCESSWIRE / January 24, 2022 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported fourth quarter and full year 2021 results with highlights as follows: Fourth quarter 2021 highlights: Net earnings were $3.0 million or $0.55 per share and $0.53 per diluted share for the three months ended December 31, 2021, as compared to $1.9 million or $0.34 per share and $0.33 per diluted share for the same period one year ago. The Bank recognized $338,000 in Small Business Administration (SBA) Paycheck Protection Program (PPP) loan fee income during the three months ended December 31, 2021, as compared to $1.0 million in PPP loan fee income for the same period one year ago.

Peoples Bancorp Announces Fourth Quarter And Record Full Year 2021 Results

NEWTON, NC / ACCESSWIRE / October 25, 2021 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, reported third quarter earnings results with highlights as follows: Third quarter highlights: Net earnings were $3.4 million or $0.61 basic net earnings per share and $0.59 diluted net earnings per share for the three months ended September 30, 2021, as compared to $4.5 million or $0.80 basic net earnings per share and $0.78 diluted net earnings per share for the same period one year ago. The Bank recognized $489,000 in PPP loan fee income during the three months ended September 30, 2021, as compared to $361,000 in PPP loan fee income for the same period one year ago.

Peoples Bancorp Announces Third Quarter Earnings Results

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21 Upcoming Dividend Increases Including 1 Dividend King

NEWTON, NC / ACCESSWIRE / July 19, 2021 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, reported second quarter earnings results with highlights as follows: Second quarter highlights: Net earnings were $4.6 million or $0.82 basic net earnings per share and $0.80 diluted net earnings per share for the three months ended June 30, 2021, as compared to $2.6 million or $0.46 basic net earnings per share and $0.44 diluted net earnings per share for the same period one year ago. The Bank originated 72 Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, totaling $3.3 million, during the three months ended June 30, 2021.

Peoples Bancorp Announces Second Quarter Earnings Results

NEWTON, NC / ACCESSWIRE / April 19, 2021 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, reported first quarter earnings results with highlights as follows: First quarter highlights: Net earnings were $4.1 million or $0.71 basic and diluted net earnings per share for the three months ended March 31, 2021, as compared to $2.4 million or $0.40 basic and diluted net earnings per share for the same period one year ago. Total loans increased $65.9 million to $946.5 million at March 31, 2021, compared to $880.6 million at March 31, 2020.

Peoples Bancorp Announces First Quarter Earnings Results

NEWTON, N.C., Nov.  22, 2019  (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company’s regular cash dividend for the fourth quarter of 2019 in the amount of $0.14 per share.  The fourth quarter cash dividend will be paid on December 16, 2019 to shareholders of record on December 3, 2019.    

Peoples Bancorp Announces  Cash Dividend

News for Peoples Bancorp of North Carolina Stock (PEBK)