---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-010022"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2022-07-25T23:59:59+00:00"
generated_at: "2026-06-24T09:03:49.261470+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q2 net earnings fall to $3.2M from $4.6M; diluted EPS $0.57 vs $0.80

## Summary
- Net earnings $3.2M ($0.57 diluted) vs $4.6M ($0.80) in Q2 2021; provision for loan losses turned to $410K from recovery of $226K.
- PPP loan fee income dropped to $293K from $1.5M in Q2; total loans grew to $959.5M despite $16.6M PPP reduction.
- Non-interest income rose to $7.3M (+$1.3M) driven by appraisal fees, but mortgage banking income fell $624K.
- Non-interest expense increased to $14.2M from $12.1M, led by higher appraisal expenses and salaries.
- Shareholders' equity fell to $112.4M (6.70% of assets) from $142.4M (8.77%) due to unrealized securities losses; dividends for H1 2022 were $0.51 vs $0.32.

## SEC filing metadata
- accession: 0001654954-22-010022
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2022-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495422010022/0001654954-22-010022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495422010022/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-010022
- JSON: https://secwatch.observer/filing/0001654954-22-010022.json
- Plain text: https://secwatch.observer/filing/0001654954-22-010022.txt

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