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:   2025-02-12T23:59:59+00:00
Accession:  0001654954-25-001389
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp Q4 2024 net earnings $3.6M ($0.65 diluted EPS), up from $3.4M YoY
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- Q4 net earnings $3.6M ($0.65 diluted EPS) vs $3.4M ($0.62) a year ago.
- Full year 2024 net earnings $16.4M ($2.98 diluted EPS) vs $15.5M ($2.77).
- Net interest margin improved to 3.39% in Q4 from 3.32% YoY; full year margin declined to 3.36% from 3.51%.
- Total loans $1.14B, deposits $1.48B; non-performing assets 0.27% of total assets.
- Provision for credit losses was a recovery of $205k in Q4; full year recovery $285k vs expense $1.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495425001389/0001654954-25-001389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495425001389/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-001389

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