---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-002396"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:07:56.892457+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp authorizes $2M stock repurchase plan

## Summary
- Board authorized up to $2M in common stock repurchases; open market or private transactions.
- Company had $1.6B in assets and $105.2M in equity as of Dec 31, 2022.
- Repurchase timing and amount determined by management based on market conditions.
- Program may be suspended at any time without prior notice.
- CEO cites strong balance sheet and capital position as rationale for buyback.

## SEC filing metadata
- accession: 0001654954-23-002396
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495423002396/0001654954-23-002396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495423002396/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-002396
- JSON: https://secwatch.observer/filing/0001654954-23-002396.json
- Plain text: https://secwatch.observer/filing/0001654954-23-002396.txt

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