---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-015737"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:18:55.961586+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp increases stock buyback authorization to $4M for 2023

## Summary
- Board approved additional $2M for share repurchases, raising 2023 total to $4M.
- Repurchase program expires after February 29, 2024.
- Purchases may occur in open market or privately; timing at management's discretion.
- CEO cites strong balance sheet and capital position as rationale for buyback.

## SEC filing metadata
- accession: 0001654954-23-015737
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495423015737/0001654954-23-015737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495423015737/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015737
- JSON: https://secwatch.observer/filing/0001654954-23-015737.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015737.txt

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