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:   2025-10-20T23:59:59+00:00
Accession:  0001654954-25-011957
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peoples Bancorp Q3 net earnings $3.7M ($0.67 diluted), down from $4.0M YoY; NIM expands to 3.58%
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- Net earnings fell to $3.7M ($0.67 diluted) vs $4.0M ($0.72) in Q3 2024; provision for credit losses rose to $530K from $297K.
- Net interest margin widened to 3.58% from 3.35% YoY; net interest income increased to $15.1M from $13.5M.
- Non-interest expense jumped to $16.9M from $15.0M, driven by higher legal fees, debit card expense, and salary costs.
- Total loans grew to $1.18B and deposits to $1.55B; non-performing assets remained at 0.29% of total assets.
- Court bench ruling favors Bank in NCDOT eminent domain case; expects additional $3.6M gain upon final order.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1093672/000165495425011957/0001654954-25-011957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1093672/000165495425011957/pebk_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-011957

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