Peoples Bancorp Announces Cash Dividend

Rhea-AI Summary

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.

Positive

• Maintaining regular quarterly dividend payments, indicating financial stability
• $0.20 per share dividend distribution to shareholders

Negative

• None.

NEWTON, N.C., Feb. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK) declared the Company’s regular cash dividend for the first quarter of 2025 in the amount of $0.20 per share. The first quarter cash dividend will be paid on March 14, 2025 to shareholders of record on March 3, 2025.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, contact Krissy Price at (828) 464-5620 or (800) 948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at shareholder@broadridge.com.

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 16 banking offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2023, under “General Description of Business” and otherwise in the Company’s reports and filings.

Contact:	William D. Cable, Sr.
	President and Chief Executive Officer
	Jeffrey N. Hooper
	Executive Vice President and Chief Financial Officer
	Phone 828-464-5620

FAQ

What is the Q1 2025 dividend amount for Peoples Bancorp (PEBK)?

Peoples Bancorp (PEBK) declared a cash dividend of $0.20 per share for the first quarter of 2025.

When will PEBK pay its Q1 2025 dividend?

The Q1 2025 dividend will be paid on March 14, 2025 to shareholders of record as of March 3, 2025.

How many banking offices does Peoples Bank (PEBK) operate?

Peoples Bank operates 16 banking offices across North Carolina, along with loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties.

Which counties does Peoples Bank (PEBK) serve in North Carolina?

Peoples Bank serves Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties in North Carolina.

Does PEBK offer a Dividend Reinvestment Plan?

Yes, PEBK offers a Dividend Reinvestment and Stock Purchase Plan for shareholders.