secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK)
CIK:        0001093672
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001654954-22-001840
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp authorizes $2M stock buyback and declares $0.18 Q1 dividend
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- Board authorized up to $2M to repurchase common stock; purchases may be open market or private.
- Company had $1.6B assets and $142.4M equity as of Dec 31, 2021.
- Q1 2022 cash dividend of $0.18 per share, payable March 15 to holders of record March 3.
- CEO cites strong balance sheet and capital position as reasons for buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422001840/0001654954-22-001840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422001840/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-001840

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer