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 has declared a cash dividend of $0.18 per share for the third quarter of 2022. Shareholders of record as of September 2, 2022, will receive the payment on September 15, 2022. This regular dividend reflects the Company's ongoing commitment to returning value to its shareholders. Additionally, shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan for further investment opportunities. Peoples Bank operates 17 offices across North Carolina, enhancing local banking accessibility.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported second-quarter 2022 earnings of $3.2 million, or $0.59 per share, a decline from $4.6 million or $0.82 per share in Q2 2021. Year-to-date net earnings fell to $6.7 million or $1.21 per share, down from $8.7 million or $1.55 per share a year prior. Key factors include a decrease in net interest income, an increase in the provision for loan losses, and rising non-interest expenses. Total loans reached $959.5 million, a significant increase from $884.9 million at the end of 2021, while total deposits grew to $1.5 billion.
Peoples Bancorp of North Carolina (Nasdaq: PEBK) declared a cash dividend of $0.18 per share for Q2 2022, payable on June 15, 2022, to shareholders of record on June 3, 2022. Shareholders are encouraged to join the Dividend Reinvestment and Stock Purchase Plan. Peoples Bank operates 17 banking offices in North Carolina and offers loan production offices in four counties. The company continues to navigate forward-looking statements, highlighting potential risks and uncertainties in its operations.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported first-quarter 2022 net earnings of $3.5 million, or $0.63 per share, down from $4.1 million, or $0.73 per share, year-over-year. The decline is attributed to decreased net interest income, increased provision for loan losses, and higher non-interest expenses. Total loans increased to $889.8 million despite a reduction in PPP loans. Non-interest income rose to $7.0 million, driven by appraisal management fees. The Bank's total assets grew to $1.7 billion, while shareholders' equity fell to $125.4 million due to unrealized losses on investment securities.
Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has announced a stock repurchase program, authorizing up to $2 million to buy back its common stock. This decision reflects the company's strong balance sheet and aims to enhance shareholder value. As of December 31, 2021, Peoples Bancorp reported assets of $1.6 billion and stockholder's equity of $142.4 million. Additionally, the company declared a regular cash dividend of $0.18 per share, payable on March 15, 2022, reinforcing its commitment to returning value to shareholders.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported impressive financial results for Q4 2021 and the full year. Q4 net earnings rose to $3.0 million ($0.55/share) from $1.9 million ($0.34/share) YoY. Full year net earnings reached a record $15.1 million ($2.71/share), up from $11.4 million ($2.01/share) in 2020. The bank reported a decrease in net interest income due to lower loan volumes and fees, alongside a recovery in the provision for loan losses. Total assets increased to $1.6 billion, with core deposits rising to $1.4 billion.
The Board of Directors of Peoples Bancorp of North Carolina (Nasdaq: PEBK) announced a special cash dividend of $0.15 per share, payable on February 16, 2022, to shareholders of record by February 4, 2022. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan for further investment opportunities. Peoples Bank operates 17 banking offices across several North Carolina counties. This announcement emphasizes financial stability and commitment to returning value to shareholders.
Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a cash dividend of $0.17 per share for Q4 2021. This dividend will be paid on December 15, 2021 to shareholders who are on record by December 3, 2021. Shareholders can enroll in the Dividend Reinvestment and Stock Purchase Plan for additional investment opportunities. The Company operates 17 banking offices solely in North Carolina and is dedicated to serving its community.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported third-quarter earnings of $3.4 million, or $0.61 per share, a decline from $4.5 million, or $0.80 per share, year-over-year. Year-to-date earnings rose to $12.1 million, or $2.16 per share, up from $9.4 million, or $1.67 per share, compared to the previous year.
Key factors included a decrease in net interest income, down to $10.6 million, primarily due to reduced loan interest income. Core deposits increased to $1.4 billion. Non-performing assets reduced to $2.7 million.
The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced a cash dividend of $0.17 per share for the third quarter of 2021. This dividend will be paid on September 15, 2021, to shareholders recorded by September 3, 2021. Shareholders are encouraged to enroll in the Company's Dividend Reinvestment and Stock Purchase Plan for more benefits. Peoples Bank operates 17 banking offices in North Carolina, and its stock is traded on Nasdaq under the symbol PEBK.
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