---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-005077"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:21:27.792651+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q1 net earnings $3.2M ($0.58/share) down from $3.5M YoY; net interest margin expands to 3.77%

## Summary
- Net earnings $3.2M ($0.58 basic EPS, $0.56 diluted) vs $3.5M ($0.63, $0.61) a year ago.
- Net interest income rose to $14.3M from $10.7M; net interest margin 3.77% vs 2.79% YoY.
- Non-interest income fell to $3.6M from $7.0M, driven by $2.5M net loss on securities sales and lower appraisal fees.
- Total loans grew to $1.1B from $1.0B; deposits flat at $1.4B but time deposits up on promotional rates.
- Adopted CECL on Jan 1, 2023, reducing retained earnings by $838K (net of tax); allowance for credit losses on loans $9.6M (0.92% of loans).

## SEC filing metadata
- accession: 0001654954-23-005077
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1093672/000165495423005077/0001654954-23-005077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495423005077/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-005077
- JSON: https://secwatch.observer/filing/0001654954-23-005077.json
- Plain text: https://secwatch.observer/filing/0001654954-23-005077.txt

## Key facts
- Earnings Releases
  PEOPLES BANCORP OF NORTH CAROLINA INC reported three months ended March 31, 2023 results: net income $3.2 million, EPS $0.58 per share and $0.56 per diluted share.
  - Period: three months ended March 31, 2023
  - Net income: $3.2 million
  - EPS: $0.58 per share and $0.56 per diluted share
  - Result: reported results
  source text: Net earnings were $3.2 million or $0.58 per share and $0.56 per diluted share for the three months ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495423005077/0001654954-23-005077-index.htm

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