---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-008138"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:04:51.138344+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp authorizes $2M stock repurchase plan

## Summary
- Board authorized up to $2M to repurchase common stock (Nasdaq: PEBK).
- Repurchases may occur in open market or private transactions; timing subject to market conditions.
- As of March 31, 2024, company had $1.7B assets and $121.1M equity.
- CEO Lance Sellers cited strong balance sheet and capital position as rationale.

## SEC filing metadata
- accession: 0001654954-24-008138
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495424008138/0001654954-24-008138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495424008138/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-008138
- JSON: https://secwatch.observer/filing/0001654954-24-008138.json
- Plain text: https://secwatch.observer/filing/0001654954-24-008138.txt

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