---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009217"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:26:06.049718+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peoples Bancorp Q2 net earnings $4.9M ($0.93/sh); NIM narrows to 3.34%

## Summary
- Net earnings of $4.9M, or $0.93 per share, up from $4.8M ($0.88/sh) in Q2 2023.
- Net interest margin contracted to 3.34% from 3.56% a year ago, driven by higher deposit costs.
- Provision for credit losses was a $468K recovery vs. $375K expense last year.
- Non-interest income rose to $7.5M (+$1.1M YoY) on higher appraisal and SBIC income.
- Total deposits grew to $1.48B; core deposits were 90.02% of total deposits.

## SEC filing metadata
- accession: 0001654954-24-009217
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2024-07-22T23:59:59+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/1093672/000165495424009217/0001654954-24-009217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495424009217/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009217
- JSON: https://secwatch.observer/filing/0001654954-24-009217.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009217.txt

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