Peoples Bancorp reports record FY2021 net earnings of $15.1M; Q4 EPS $0.55 vs $0.33

PEOPLES BANCORP OF NORTH CAROLINA INC

2021-FY EPS reported $2.63

Net earnings $15.1M ($2.71 diluted per share) vs $11.4M ($1.95) in 2020; Q4 $3.0M ($0.53 diluted) vs $1.9M ($0.33).
Net interest income $44.0M vs $44.1M; provision recovery of $1.2M vs provision $4.3M in 2020.
Non-interest income $24.9M vs $22.9M; non-interest expense $51.1M vs $48.9M.
Total loans $884.9M at Dec 31, 2021 vs $948.6M; decrease due to PPP loan forgiveness and commercial loan payoffs.
Core deposits $1.4B (98.14% of total deposits) vs $1.2B; non-performing assets 0.20% vs 0.27%.

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