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:   2023-07-24T23:59:59+00:00
Accession:  0001654954-23-009544
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/0001654954-23-009544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495423009544/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-009544

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