People Bncp Nc Stock Price, News & Analysis
Company Description
Peoples Bancorp of North Carolina, Inc. (NASDAQ: PEBK) is a bank holding company for Peoples Bank, a state-chartered commercial bank based in North Carolina. The company operates in the commercial banking industry within the finance and insurance sector. According to company disclosures and public releases, Peoples Bank focuses on serving customers through a network of banking offices and loan production offices located entirely in North Carolina.
The company’s main source of income is dividends declared and paid by Peoples Bank on its capital stock. Peoples Bancorp of North Carolina, Inc. states that Peoples Bank maintains a diversified loan portfolio with no foreign loans and few agricultural loans. This focus reflects an emphasis on domestic lending activities and limited exposure to agricultural lending. The company’s common stock is publicly traded and is listed on the Nasdaq Global Market under the symbol "PEBK."
Operations and Geographic Footprint
Peoples Bank operates multiple full-service banking offices in North Carolina. Recent company announcements describe 15 or 16 banking offices, with locations in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties, depending on the period referenced. In addition to its banking offices, Peoples Bank operates loan production offices in Lincoln, Mecklenburg, Rowan, and Forsyth Counties. All of these facilities are located within North Carolina.
The bank’s lending activities contribute significantly to its interest income, particularly through interest income and fees on loans. Company earnings releases describe loan growth over time and note that changes in total loans affect interest income and the provision for credit losses. The bank’s loan portfolio includes residential mortgage loans, commercial mortgage loans, other loans, and construction loans, which are referenced in discussions of non-performing assets and allowance for credit losses.
Funding, Deposits, and Core Deposits
Deposits represent a primary funding source for Peoples Bank. Company financial disclosures reference total deposits and describe "core deposits" as a non-GAAP measure. Core deposits include noninterest-bearing demand deposits, NOW, money market deposit accounts (MMDA), savings accounts, and non-brokered certificates of deposit of denominations of $250,000 or less. Management indicates that core deposits are viewed as a low-cost funding source that positively affects the bank’s overall cost of funds and profitability.
Certificates of deposit in amounts greater than $250,000 are reported separately from core deposits. Company releases also discuss changes in deposit composition, including movements between securities sold under agreements to repurchase and deposits held via the IntraFi network’s Insured Cash Sweep program, reflecting shifts in how certain customers hold their funds with the bank.
Income Streams and Non-Interest Activities
In addition to net interest income, Peoples Bancorp of North Carolina, Inc. reports several categories of non-interest income. These include service charges, other service charges and fees, mortgage banking income, insurance and brokerage commissions, appraisal management fee income, and miscellaneous non-interest income. Appraisal management fee income is specifically highlighted in multiple earnings releases as a significant component of non-interest income, with changes in appraisal volume affecting both income and related expense.
Miscellaneous non-interest income has included income on small business investment company (SBIC) investments and income on mutual funds held in a deferred compensation trust. Changes in valuations and investment performance for these items have been cited as factors influencing miscellaneous non-interest income from period to period.
Expenses, Credit Quality, and Allowance for Credit Losses
Non-interest expense categories disclosed by the company include salaries and employee benefits, occupancy, appraisal management fee expense, and other non-interest expense. Changes in these categories have been attributed to factors such as salary and insurance expense, equipment maintenance expense, legal fees, consulting fees, debit card expense, and debit card fraud expense.
The company provides detailed information on its allowance for credit losses on loans and on unfunded commitments. The allowance for credit losses on loans is presented as a percentage of total loans and is influenced by changes in loan balances, particularly construction loans, as well as specific reserves for events such as Hurricane Helene. The allowance for credit losses on unfunded commitments is included in other liabilities and is affected by changes in unfunded construction loan commitments.
Non-performing assets are reported as a portion of total assets and are broken down into residential mortgage loans, commercial mortgage loans, other loans, and other real estate owned. Management commentary notes that the level of the allowance for credit losses is considered adequate, while also acknowledging that changes in economic conditions, regulatory requirements, or other factors could require adjustments.
Capital, Balance Sheet Structure, and Shareholder Returns
Peoples Bancorp of North Carolina, Inc. reports shareholders’ equity as a percentage of total assets and discloses the presence of junior subordinated debentures. The company has also described the elimination of securities sold under agreements to repurchase at certain reporting dates, with related customer funds moving into deposit products.
The company’s Board of Directors has authorized regular cash dividends, as well as a special cash dividend, and has established a stock repurchase program allocating a specified dollar amount to repurchase common stock. Public announcements state that the Board’s decision to repurchase stock was based on the strength of the company’s balance sheet and capital position. The company also promotes a Dividend Reinvestment and Stock Purchase Plan and encourages shareholders to enroll.
Regulatory Disclosures and Reporting
As a publicly traded bank holding company, Peoples Bancorp of North Carolina, Inc. files periodic and current reports with the U.S. Securities and Exchange Commission (SEC). For example, the company filed a Form 8-K referencing the release of second quarter 2025 earnings results. These filings typically include financial statements, earnings information, and other disclosures about operations, financial condition, and risk factors.
Risk Factors and External Influences
Company disclosures reference the impact of Federal Reserve interest rate changes on interest income and interest expense, particularly in relation to balances due from banks, investment securities, and rates paid on interest-bearing liabilities. The company has also discussed the effect of natural events, such as Hurricane Helene, on its credit loss reserves, while noting that minimal losses were expected and that no losses had been incurred in certain periods.
Legal and regulatory matters can also influence results. For example, Peoples Bank has described a settlement process with the North Carolina Department of Revenue related to the disallowance of certain tax credits, and an eminent domain acquisition by the North Carolina Department of Transportation of a branch property, which led to the recognition of a gain and associated legal expenses.
Stock Information and Investor Focus
Peoples Bancorp of North Carolina, Inc.’s common stock trades on the Nasdaq Global Market under the ticker symbol PEBK. Public announcements emphasize that the company’s stock is quoted or listed on this market. Investors following PEBK often review quarterly and annual earnings releases, dividend declarations, stock repurchase authorizations, and SEC filings to understand the company’s financial performance, capital management, and risk profile.