{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-000784","form_type":"8-K","ticker":"PEBK","cik":"0001093672","company_name":"PEOPLES BANCORP OF NORTH CAROLINA INC","filed_at":"2024-01-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.343863+00:00","generated_at":"2026-06-06T20:28:23.134704+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PEBK Q4 net earnings down 17% YoY to $3.4M; full-year EPS declines to $2.77 diluted","bullets":["Q4 net earnings $3.4M ($0.64 basic EPS) vs $4.1M ($0.76) a year ago; net interest margin compressed to 3.32% from 3.78%.","Full-year 2023 net earnings $15.5M ($2.77 diluted EPS) vs $16.1M ($2.85) in 2022; annual dividend raised to $0.91/share from $0.87.","Total loans grew to $1.1B; core deposits fell to 89.3% of total deposits from 98.1%, with time deposits increasing sharply.","Non-performing assets stable at $3.9M (0.24% of assets); allowance for credit losses at 1.01% of loans.","Effective tax rate rose to 22.0% for full year from 20.6% due to fewer non-taxable investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-000784","json":"https://secwatch.observer/filing/0001654954-24-000784.json","markdown":"https://secwatch.observer/filing/0001654954-24-000784.md","text":"https://secwatch.observer/filing/0001654954-24-000784.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093672/000165495424000784/0001654954-24-000784-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093672/000165495424000784/pebk_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T20:28:23.134704+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":"3332fc449e41b2b11fac0454ef92ea8a7c563acf","claim":"PEOPLES BANCORP OF NORTH CAROLINA INC reported the three months ended December 31, 2023 results: net income $3.4 million, EPS $0.64 per share and $0.62 per diluted share.","evidence_excerpt":"Net earnings were $3.4 million or $0.64 per share and $0.62 per diluted share for the three months ended December 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093672/000165495424000784/0001654954-24-000784-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Net income","value":"$3.4 million"},{"label":"EPS","value":"$0.64 per share and $0.62 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"57f3c5de937e1446b63ec64647b35eb42acb57e7","claim":"PEOPLES BANCORP OF NORTH CAROLINA INC reported the year ended December 31, 2023 results: net income $15.5 million, EPS $2.87 per share and $2.77 per diluted share.","evidence_excerpt":"Net earnings were $15.5 million or $2.87 per share and $2.77 per diluted share for the year ended December 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093672/000165495424000784/0001654954-24-000784-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$15.5 million"},{"label":"EPS","value":"$2.87 per share and $2.77 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"}