People Bncp Nc Stock Price, News & Analysis

Peoples Bancorp of North Carolina, Inc. (NASDAQ: PEBK) reported second quarter 2021 net earnings of $4.6 million, or $0.82 per share, a significant increase from $2.6 million the previous year. Year-to-date earnings also rose to $8.7 million, up from $4.9 million. The bank originated 72 SBA PPP loans totaling $3.3 million in Q2 and 419 loans worth $29.1 million in the first half. Net interest income reached $11.7 million for the quarter, driven by increased loan fees. Core deposits grew to $1.4 billion, reflecting a strong financial position amid the ongoing economic recovery.

Peoples Bancorp of North Carolina (NASDAQ: PEBK) reported strong first quarter results for 2021. Net earnings reached $4.1 million or $0.71 per share, up from $2.4 million or $0.40 year-over-year. Total loans increased by $65.9 million to $946.5 million, while core deposits rose to $1.3 billion. The bank originated 347 SBA PPP loans totaling $25.8 million. Notably, the provision for loan losses decreased significantly to a credit of $455,000. However, net interest income fell slightly to $11.1 million.

Peoples Bancorp of North Carolina (Nasdaq: PEBK) has announced a stock repurchase plan to buy back up to $4 million of its common stock. The decision reflects the company's strong balance sheet and capital position, aiming to enhance shareholder value. As of December 31, 2020, Peoples Bancorp reported assets of $1.4 billion and stockholder's equity of $139.9 million. The repurchases will occur in the open market or through private transactions and may be adjusted based on market conditions.

Peoples Bancorp of North Carolina has declared a regular cash dividend of $0.16 per share for Q1 2021. This dividend will be paid on March 15, 2021 to shareholders who are on record as of March 3, 2021. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan. Peoples Bank operates 18 banking offices across North Carolina and offers loan production offices in Lincoln and Mecklenburg Counties. The company is publicly traded under the ticker PEBK.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported fourth quarter net earnings of $1.9 million, or $0.33 per share, down from $3.0 million, or $0.50 per share, in Q4 2019. The year-to-date net earnings totaled $11.4 million, or $1.95 per share, a decline from $14.1 million, or $2.37 per share, in the previous year. Total loans increased to $948.6 million, with a notable $99.0 million in PPP loans originated. However, net interest income fell to $11.3 million from $11.4 million due to lower interest income. The provision for loan losses rose to $799,000 reflecting COVID-19 impacts.

Peoples Bancorp of North Carolina, Inc. has declared a $0.15 cash dividend per share for the fourth quarter of 2020. This dividend will be paid on December 15, 2020, to shareholders of record on December 3, 2020. Investors are invited to participate in the Dividend Reinvestment and Stock Purchase Plan. The company, operating 19 banking offices in North Carolina, is publicly traded on Nasdaq under the symbol PEBK.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported third quarter earnings of $4.5 million, or $0.78 per share, up from $3.6 million in Q3 2019. Year-to-date earnings are $9.4 million, a decline from $11.1 million a year ago. Total loans rose by $128.3 million to $973.9 million, boosted by 1,127 PPP loans totaling $99 million. Non-interest income increased to $7.1 million, mainly due to higher gains on securities, while non-interest expenses grew to $11.9 million. The provision for loan losses increased to $522,000, reflecting the economic impact of COVID-19.

Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a regular cash dividend of $0.15 per share for Q3 2020. This dividend will be paid on September 15, 2020 to shareholders of record as of September 3, 2020. Shareholders are encouraged to participate in the Dividend Reinvestment and Stock Purchase Plan. The company operates 19 banking offices across North Carolina, enhancing shareholder value through consistent dividend payments.

The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) has declared a cash dividend of $0.15 per share for the second quarter of 2020. This dividend will be paid on June 15, 2020, to shareholders of record on June 3, 2020. Shareholders are also encouraged to participate in the Company’s Dividend Reinvestment and Stock Purchase Plan. Peoples Bank operates 19 banking offices in North Carolina and maintains a strong market presence.