---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-009544"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T03:59:45.180993+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q2 net earnings up to $4.8M ($0.88 EPS); NIM expands to 3.56%

## Summary
- Net earnings $4.8M vs $3.2M YoY; diluted EPS $0.85 vs $0.57.
- Net interest margin improved to 3.56% from 2.87%; net interest income +22% to $13.8M.
- Non-interest income fell 12% to $6.4M on lower appraisal fees; provision for credit losses down to $375k.
- Total loans grew to $1.1B; non-performing assets remain low at 0.22% of assets.
- Adopted CECL effective Jan 1, 2023; initial $838k net retained earnings reduction.

## SEC filing metadata
- accession: 0001654954-23-009544
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/0001654954-23-009544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-009544
- JSON: https://secwatch.observer/filing/0001654954-23-009544.json
- Plain text: https://secwatch.observer/filing/0001654954-23-009544.txt

## Key facts
- Earnings Releases
  PEOPLES BANCORP OF NORTH CAROLINA INC reported the three months ended June 30, 2023 results: net income $4.8 million, EPS $0.88 per share and $0.85 per diluted share.
  - Period: the three months ended June 30, 2023
  - Net income: $4.8 million
  - EPS: $0.88 per share and $0.85 per diluted share
  - Result: reported results
  source text: Net earnings were $4.8 million or $0.88 per share and $0.85 per diluted share for the three months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/0001654954-23-009544-index.htm
- Earnings Releases
  PEOPLES BANCORP OF NORTH CAROLINA INC reported the six months ended June 30, 2023 results: net income $8.0 million, EPS $1.46 per share and $1.41 per diluted share.
  - Period: the six months ended June 30, 2023
  - Net income: $8.0 million
  - EPS: $1.46 per share and $1.41 per diluted share
  - Result: reported results
  source text: Net earnings were $8.0 million or $1.46 per share and $1.41 per diluted share for the six months ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/0001654954-23-009544-index.htm

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