Peoples Bancorp Q4 2022 earnings rise to $0.76/share; full-year EPS $2.85 vs $2.63

PEOPLES BANCORP OF NORTH CAROLINA INC

2022-FY EPS reported $2.85

Q4 net earnings $4.1M ($0.76 basic, $0.74 diluted) vs $3.0M ($0.55 basic) a year ago.
Full-year net earnings $16.1M ($2.94 basic, $2.85 diluted) vs $15.1M ($2.71 basic) in 2021.
Net interest margin expanded to 3.22% from 2.99%; total loans grew to $1.0B (up $115M YoY).
Cash dividend increased to $0.87 per share in 2022 from $0.66 in 2021.
Non-performing assets remain low at 0.23% of total assets; provision for loan losses increased to $1.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEOPLES BANCORP OF NORTH CAROLINA INC reported the three months ended December 31, 2022 results: net income $4.1 million, EPS $0.76 per share and $0.74 per diluted share.

Period: the three months ended December 31, 2022
Net income: $4.1 million
EPS: $0.76 per share and $0.74 per diluted share
Result: reported results

Exact text from the filing

Net earnings were $4.1 million or $0.76 per share and $0.74 per diluted share for the three months ended December 31, 2022, as compared to $3.0 million or $0.55 per share and $0.53 per diluted share for the same period one year ago.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PEOPLES BANCORP OF NORTH CAROLINA INC reported the year ended December 31, 2022 results: net income $16.1 million, EPS $2.94 per share and $2.85 per diluted share.

Period: the year ended December 31, 2022
Net income: $16.1 million
EPS: $2.94 per share and $2.85 per diluted share
Result: reported results

Exact text from the filing

Net earnings were $16.1 million or $2.94 per share and $2.85 per diluted share for the year ended December 31, 2022, as compared to $15.1 million or $2.71 per share and $2.63 per diluted share for the year ended December 31, 2021.

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Source: SEC EDGAR

accession 0001654954-23-000656

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