---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-014045"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2022-10-24T23:59:59+00:00"
generated_at: "2026-06-23T01:33:48.434834+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q3 net income $5.3M ($0.93 diluted), up from $3.4M ($0.59) YoY

## Summary
- Net earnings $5.3M, $0.96 basic / $0.93 diluted per share vs $3.4M, $0.59 diluted a year ago.
- Net interest income rose 30% to $13.8M on higher loan volume and Fed rate hikes; PPP fee income fell to $54k.
- Total loans grew to $1.0B (13% from Dec 2021) despite $17.9M PPP runoff; non-performing assets low at 0.22%.
- Non-interest expense increased to $13.5M on higher appraisal and salary costs; provision for loan losses $408k.
- YTD cash dividends raised to $0.69 per share from $0.49; equity declined to $103.9M on unrealized securities losses.

## SEC filing metadata
- accession: 0001654954-22-014045
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2022-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495422014045/0001654954-22-014045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495422014045/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-014045
- JSON: https://secwatch.observer/filing/0001654954-22-014045.json
- Plain text: https://secwatch.observer/filing/0001654954-22-014045.txt

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