Welcome to our dedicated page for People Bncp Nc news (Ticker: PEBK), a resource for investors and traders seeking the latest updates and insights on People Bncp Nc stock.
People Bancorp of North Carolina Inc (PEBK) provides essential financial services through its subsidiary Peoples Bank, serving communities across multiple North Carolina regions. This news hub offers investors and stakeholders centralized access to official announcements and market-moving developments.
Track critical updates including quarterly earnings reports, strategic initiatives, leadership changes, and regulatory filings. Our curated collection ensures timely access to press releases detailing loan portfolio performance, dividend declarations, and community banking expansions.
Key focus areas include updates on commercial lending activities, deposit growth trends, and credit quality metrics. Users will find information about branch network developments, digital banking enhancements, and corporate governance matters relevant to regional banking operations.
Bookmark this page for streamlined monitoring of PEBK's financial trajectory. Check regularly for verified updates directly from company sources, ensuring informed decision-making based on authoritative information.
Peoples Bancorp (NASDAQ:PEBK) reported strong Q1 2025 financial results with net earnings of $4.3 million ($0.82 per share), up from $3.9 million ($0.74 per share) in Q1 2024. The bank saw improvements in key metrics including:
- Net interest income increased to $13.9 million from $13.3 million year-over-year
- Total loans grew to $1.15 billion vs $1.14 billion in December 2024
- Total deposits reached $1.52 billion, up from $1.48 billion in December 2024
- Net interest margin improved to 3.51% from 3.33% year-over-year
The bank maintained strong asset quality with non-performing assets at 0.30% of total assets. Cash dividends were $0.36 per share for Q1 2025, compared to $0.35 in the prior year period.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) has announced a new stock repurchase program authorized by its Board of Directors. The program allocates up to $3.0 million to repurchase the company's common stock in open market or privately-negotiated transactions.
As of December 31, 2024, the company reported total assets of $1.65 billion and shareholders' equity of $130.6 million. The timing and amount of share repurchases will be determined by management based on market conditions and can be suspended at any time without prior notice.
Peoples Bank currently operates 16 banking offices across North Carolina in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties, along with loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) has announced its regular cash dividend for the first quarter of 2025. The company will distribute $0.20 per share to shareholders of record on March 3, 2025, with the payment scheduled for March 14, 2025.
The company operates through its wholly-owned subsidiary, Peoples Bank, which maintains 16 banking offices across North Carolina in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. Additionally, the bank operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties.
Shareholders are invited to participate in the Company's Dividend Reinvestment and Stock Purchase Plan, with support available through their transfer agent, Broadridge Corporate Issuer Solutions.
Peoples Bancorp (NASDAQ:PEBK) reported strong financial results for Q4 and full year 2024. Q4 net earnings increased to $3.6 million ($0.67 per share) from $3.4 million in Q4 2023. Full-year 2024 net earnings rose to $16.4 million ($3.08 per share) from $15.5 million in 2023.
Key metrics showed positive trends: total loans grew to $1.14 billion (up from $1.09 billion), total deposits increased to $1.48 billion (from $1.39 billion), and core deposits represented 90.17% of total deposits. The net interest margin was 3.39% in Q4 2024, up from 3.32% in Q4 2023, though the full-year margin decreased to 3.36% from 3.51%.
Non-performing assets slightly increased to 0.27% of total assets, while cash dividends rose to $0.92 per share for 2024, compared to $0.91 in 2023.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) has announced a special cash dividend of $0.16 per share, payable on February 14, 2025, to shareholders of record as of February 3, 2025. The company operates 16 banking offices across North Carolina, including locations in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties, along with loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties.
Shareholders are invited to participate in the company's Dividend Reinvestment and Stock Purchase Plan, with support available through designated contact channels.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) has declared a regular cash dividend of $0.19 per share for the fourth quarter of 2024. The dividend will be paid on December 13, 2024 to shareholders of record on December 3, 2024. The company operates through its subsidiary, Peoples Bank, which maintains 16 banking offices across North Carolina in Catawba, Alexander, Lincoln, Mecklenburg, Iredell and Wake Counties, along with loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties.
iRhythm Technologies (NASDAQ:IRTC) presented five new studies at the American Heart Association's 2024 Scientific Sessions, focusing on three key areas of long-term continuous monitoring (LTCM): digital patient engagement, arrhythmia patterns during sleep/activity, and healthcare economic impact. Key findings showed that digital tools improved device return compliance to 94.8% when both app and text messaging were used, compared to 74.6% without digital intervention. The new Zio monitor demonstrated 14% better wear comfort than its predecessor. A significant cost analysis revealed higher healthcare costs for arrhythmia patients with diabetes and COPD, suggesting potential savings through early detection.
Peoples Bancorp of North Carolina, parent company of Peoples Bank, reported third quarter 2024 results. Net earnings were $4.0 million or $0.74 per share, slightly down from $4.1 million or $0.76 per share in Q3 2023. Net interest margin decreased to 3.35% from 3.39% year-over-year. Year-to-date net earnings increased to $12.8 million or $2.41 per share, up from $12.1 million or $2.22 per share. Total loans grew to $1.12 billion, and total deposits rose to $1.48 billion. Non-performing assets remained stable at $3.9 million. Net interest income for Q3 2024 was $13.5 million, driven by higher interest income on loans and securities. Non-interest income increased to $7.1 million, while non-interest expenses rose to $15.0 million, mainly due to higher occupancy and appraisal management fees. The provision for credit losses decreased to $297,000. The effective tax rate increased to 25.76% due to changes in North Carolina's corporate tax rate.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) has declared a regular cash dividend of $0.19 per share for the third quarter of 2024. The dividend will be paid on September 13, 2024 to shareholders of record as of September 3, 2024. Shareholders are encouraged to enroll in the Company's Dividend Reinvestment and Stock Purchase Plan.
Peoples Bank, a wholly-owned subsidiary of Peoples Bancorp, operates 16 banking offices in North Carolina, covering Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. The Bank also has loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. Peoples Bancorp's common stock is traded on the Nasdaq Global Market under the symbol 'PEBK'.
Peoples Bancorp of North Carolina (Nasdaq:PEBK) has announced a significant leadership change. Bill Cable will assume the role of President and CEO on September 19, 2024, following the retirement of Lance Sellers in early 2025. Cable, who has been with Peoples Bank since 1995 and served as Chief Operating Officer since 2000, brings extensive banking experience to the position. Under Sellers' 12-year tenure as CEO, the bank's assets grew from $1 billion to $1.6 billion, achieving 5 years of record earnings and providing shareholders a total return of over 380%. The Board of Directors expressed confidence in Cable's leadership abilities to continue the bank's success as a strong, independent community bank.
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