Peoples Bancorp authorizes $3M stock repurchase plan

PEOPLES BANCORP OF NORTH CAROLINA INC

Board authorized repurchase of up to $3.0M of common stock.
As of Dec 31, 2024, assets were $1.65B and shareholders' equity $130.6M.
Purchases may occur in open market or privately-negotiated transactions based on market conditions.
CEO cites strong balance sheet and capital position as rationale for enhancing shareholder value.

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