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.
Peoples Bancorp of North Carolina, Inc. (NASDAQ: PEBK) is the parent company of Peoples Bank, a state-chartered commercial bank operating entirely in North Carolina. This news page aggregates company-issued announcements and earnings releases so readers can review how the bank’s financial condition, lending activities, and capital decisions are described over time.
Recent news for PEBK includes quarterly and annual earnings releases that discuss net earnings, net interest income, non-interest income, and non-interest expense. These releases provide detail on loan growth, deposit levels, non-performing assets, and the allowance for credit losses on loans and unfunded commitments. They also describe the impact of Federal Reserve interest rate changes on interest income, interest expense, and net interest margin.
Investors following PEBK can also find regular cash dividend declarations, a special cash dividend announcement, and information about a stock repurchase program authorized by the Board of Directors. These items highlight how the company approaches shareholder returns through dividends, a Dividend Reinvestment and Stock Purchase Plan, and potential share repurchases.
Other disclosures in the company’s news include commentary on appraisal management fee income and expense, legal matters such as an eminent domain acquisition of a branch property by the North Carolina Department of Transportation, and tax-related items involving the North Carolina Department of Revenue. By reviewing these news items together, readers can see how Peoples Bancorp of North Carolina, Inc. describes its operations, risk management, and capital position. Bookmark this page to quickly access new PEBK earnings releases, dividend announcements, and other company communications as they are published.
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.
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.
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