---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-004837"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:27:24.530928+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q1 net earnings rise to $0.74/share from $0.58 YoY; NIM narrows to 3.33%

## Summary
- Net earnings $3.9M ($0.74 per share) vs $3.2M ($0.58) in Q1 2023; dividend raised to $0.35/share.
- Net interest income $13.3M, down from $14.3M YoY; net interest margin 3.33% vs 3.77%.
- Non-interest income $6.0M, up from $3.6M, due to absence of securities losses ($2.5M loss in Q1 2023).
- Total loans flat at $1.1B; deposits up to $1.5B from $1.4B; core deposits 89.75% of total.
- Non-performing assets $4.0M, 0.24% of total assets; allowance for credit losses 0.98% of loans.

## SEC filing metadata
- accession: 0001654954-24-004837
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1093672/000165495424004837/0001654954-24-004837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495424004837/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-004837
- JSON: https://secwatch.observer/filing/0001654954-24-004837.json
- Plain text: https://secwatch.observer/filing/0001654954-24-004837.txt

## Key facts
- Earnings Releases
  PEOPLES BANCORP OF NORTH CAROLINA INC reported first quarter 2024 results: net income $3.9 million, EPS $0.74 per share and $0.72 per diluted share.
  - Period: first quarter 2024
  - Net income: $3.9 million
  - EPS: $0.74 per share and $0.72 per diluted share
  - Result: reported results
  source text: Peoples Bancorp of North Carolina, Inc. (NASDAQ: PEBK) (the “Company”), the parent company of Peoples Bank (the “Bank”), reported first quarter 2024 results with highlights as follows: First quarter 2024 highlights: · Net earnings were $3.9 million or $0.74 per share and $0.72 per diluted share for the three months ended March 31, 2024, compared to $3.2 million or $0.58 per share and 0.56 per diluted share for the same period one year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093672/000165495424004837/0001654954-24-004837-index.htm

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