---
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"
generated_at: "2026-06-09T16:12:55.754589+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q3 net earnings fall to $4.1M from $5.3M; EPS $0.74 vs $0.93

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/1093672/000165495423013266/0001654954-23-013266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-013266
- JSON: https://secwatch.observer/filing/0001654954-23-013266.json
- Plain text: https://secwatch.observer/filing/0001654954-23-013266.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2023
  - Net income: $4.1 million
  - EPS: $0.76 per share and $0.74 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/0001654954-23-013266-index.htm
- Earnings Releases
  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.
  - Period: the nine months ended September 30, 2023
  - Net income: $12.1 million
  - EPS: $2.22 per share and $2.15 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495423013266/0001654954-23-013266-index.htm

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