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:   2022-10-24T23:59:59+00:00
Accession:  0001654954-22-014045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422014045/0001654954-22-014045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495422014045/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-014045

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