---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-005336"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2022-04-25T23:59:59+00:00"
generated_at: "2026-06-26T04:57:18.883381+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q1 net earnings fall to $3.5M; dividend doubled to $0.33

## Summary
- Net earnings of $3.5M ($0.63 EPS) vs $4.1M ($0.73 EPS) in Q1 2021.
- Net interest income down to $10.7M from $11.1M; PPP fee income dropped to $0.6M from $1.0M.
- Cash dividend increased to $0.33 per share from $0.16 per share year-over-year.
- Total loans grew to $889.8M despite $11.4M PPP reduction; non-performing assets 0.20% of assets.
- Non-interest income up $1.1M to $7.0M, led by appraisal fees; mortgage banking income down $670K.

## SEC filing metadata
- accession: 0001654954-22-005336
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2022-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495422005336/0001654954-22-005336-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495422005336/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-005336
- JSON: https://secwatch.observer/filing/0001654954-22-005336.json
- Plain text: https://secwatch.observer/filing/0001654954-22-005336.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.