secwatch.observer — SEC 8-K summary
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Issuer:     PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK)
CIK:        0001093672
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0001654954-24-008138
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp authorizes $2M stock repurchase plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495424008138/0001654954-24-008138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495424008138/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-008138

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer