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:   2024-10-21T23:59:59+00:00
Accession:  0001654954-24-013139
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp Q3 2024 net earnings $4.0M ($0.72 diluted), down from $4.1M a year ago
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- Net earnings $4.0M ($0.72 diluted) vs $4.1M ($0.74 diluted) in Q3 2023; YTD net earnings $12.8M vs $12.1M.
- Net interest margin 3.35% for Q3 vs 3.39% a year ago; net interest income $13.5M, up $0.2M.
- Provision for credit losses $297K vs $562K in Q3 2023; includes $669K reserve for Hurricane Helene exposure.
- Non-interest expense $15.0M, up $0.7M, driven by $362K leasehold write-off for closed Cary branch and higher appraisal fees.
- Total loans $1.12B (+2.8% vs Dec 2023); non-performing assets 0.24% of total assets, unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495424013139/0001654954-24-013139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495424013139/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013139

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