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 of North Carolina reported Q1 2023 net earnings of $3.2 million or $0.58 per share, down from $3.5 million or $0.63 per share year-over-year. Cash dividends increased slightly to $0.34 per share. Total loans rose to $1.1 billion, while non-performing assets remained stable at 0.23% of total assets. Net interest income surged to $14.3 million, driven by higher interest income, despite an increase in interest expense. Non-interest income, however, plummeted to $3.6 million due to losses on securities sales. Total assets were $1.6 billion with shareholders' equity increasing to $114.8 million. The provision for credit losses rose to $224,000, reflecting a cautious approach to potential economic downturns.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) has authorized a stock repurchase program of up to $2 million. This decision comes in light of the company's robust balance sheet, which had assets of $1.6 billion and stockholder's equity of $105.2 million as of December 31, 2022. The repurchase will take place in compliance with securities laws and may occur in the open market or privately. Management will decide on the timing and amount based on market conditions. CEO Lance Sellers emphasized that this plan aims to enhance shareholder value by effectively utilizing capital.
Peoples Bancorp of North Carolina has announced a regular cash dividend of $0.19 per share for the first quarter of 2023. This dividend will be disbursed on March 15, 2023, to shareholders of record as of March 3, 2023. The company encourages participation in its Dividend Reinvestment and Stock Purchase Plan. Peoples Bank operates 17 banking offices across North Carolina and has loan production offices in multiple counties. The company is publicly traded on Nasdaq under the symbol PEBK. Forward-looking statements in the release highlight potential risks based on management’s current information.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported a strong performance for Q4 and full year 2022. Net earnings for Q4 reached $4.1 million ($0.76/share), up from $3.0 million ($0.55/share) year-over-year. For the full year, net earnings were $16.1 million ($2.94/share), compared to $15.1 million ($2.71/share) in 2021. Despite a decline in PPP loan fee income ($948,000 vs. $3.4 million), total loans grew to $1.0 billion. Non-performing assets increased slightly to 0.23% of total assets. The net interest margin improved to 3.22%, reflecting higher interest rates.
Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a special cash dividend of $0.15 per share, payable on February 15, 2023, to shareholders on record as of February 3, 2023. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan. The company operates 17 banking offices across various counties in North Carolina and has loan production offices in multiple locations. Forward-looking statements in the release highlight potential risks, which have been outlined in the company's annual report.
Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a cash dividend of $0.18 per share for the fourth quarter of 2022, scheduled for payment on December 15, 2022, to shareholders recorded by December 2, 2022. Shareholders are encouraged to take part in the Dividend Reinvestment and Stock Purchase Plan. Operating 17 branches in North Carolina, the bank actively serves communities in multiple counties, reflecting stable operations within the region.
Peoples Bancorp of North Carolina, Inc. (PEBK) reported a net earnings increase of 55.9% to $5.3 million ($0.96/share) for Q3 2022, up from $3.4 million ($0.61/share) last year. Year-to-date earnings were $12.0 million, down slightly from $12.1 million. Total loans rose to $1.0 billion despite a reduction in PPP loans. Non-performing assets increased to $3.7 million (0.22% of total assets), and net interest income grew to $13.8 million. Dividends increased to $0.69/share year-to-date. Total assets rose to $1.7 billion, while shareholders' equity decreased to $103.9 million due to unrealized losses on securities.
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