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:   2022-04-25T23:59:59+00:00
Accession:  0001654954-22-005336
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422005336/0001654954-22-005336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422005336/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-005336

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