{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-013266","form_type":"8-K","ticker":"PEBK","cik":"0001093672","company_name":"PEOPLES BANCORP OF NORTH CAROLINA INC","filed_at":"2023-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.197519+00:00","generated_at":"2026-06-09T16:12:55.754589+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Peoples Bancorp Q3 net earnings fall to $4.1M from $5.3M; EPS $0.74 vs $0.93","bullets":["Net earnings $4.1M ($0.74 diluted EPS) vs $5.3M ($0.93) a year ago; net interest margin flat at 3.39%.","Total loans grew to $1.1B from $1.0B at Dec 2022; non-performing assets stable at 0.23% of assets.","Core deposits declined to 90.0% of total deposits from 98.1% due to promotional CDs and repurchase agreements.","Year-to-date net earnings $12.1M ($2.15 diluted) vs $12.0M ($2.11); cash dividend raised to $0.72 from $0.69.","Adopted CECL on Jan 1, 2023, reducing retained earnings by $838K net of tax; provision for credit losses increased."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-013266","json":"https://secwatch.observer/filing/0001654954-23-013266.json","markdown":"https://secwatch.observer/filing/0001654954-23-013266.md","text":"https://secwatch.observer/filing/0001654954-23-013266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/0001654954-23-013266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/pebk_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T16:12:55.754589+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"209edf8a2c5a72e87624d181d9f8ef0968ec8564","claim":"PEOPLES BANCORP OF NORTH CAROLINA INC reported the three months ended September 30, 2023 results: net income $4.1 million, EPS $0.76 per share and $0.74 per diluted share.","evidence_excerpt":"Net earnings were $4.1 million or $0.76 per share and $0.74 per diluted share for the three months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/0001654954-23-013266-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2023"},{"label":"Net income","value":"$4.1 million"},{"label":"EPS","value":"$0.76 per share and $0.74 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c0f53a47b45218a586c0d6d03c226ed91d26554a","claim":"PEOPLES BANCORP OF NORTH CAROLINA INC reported the nine months ended September 30, 2023 results: net income $12.1 million, EPS $2.22 per share and $2.15 per diluted share.","evidence_excerpt":"Net earnings were $12.1 million or $2.22 per share and $2.15 per diluted share for the nine months ended September 30, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/0001654954-23-013266-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2023"},{"label":"Net income","value":"$12.1 million"},{"label":"EPS","value":"$2.22 per share and $2.15 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}