PEOPLES BANCORP OF NORTH CAROLINA INC — Form 8-K
Filed July 20, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Peoples Bancorp reported Q2 2026 net earnings of $5.2M ($0.98 basic/$0.96 diluted EPS), flat vs Q2 2025 ($5.2M, $0.97/$0.95). YTD 2026 net earnings $9.6M vs $9.5M prior year. Total loans grew $75.2M (6.2%) to $1.28B (June 30 vs Dec 31, 2025); net interest margin expanded 20bps to 3.80% Q2 and 20bps to 3.74% YTD. Non-performing assets rose to $5.2M (0.29% of assets) from $4.2M (0.25%). Deposits increased to $1.57B, core deposits to $1.44B (91.63% of total). CEO cited higher net interest income offset by elevated provision for credit losses ($853K YTD vs $55K prior year) and lower appraisal fee income.
Why this rating
Flat earnings, modest loan growth (6.2%), and positive NIM expansion are normal business. NPA uptick and rising provision are manageable (0.29% NPA ratio, ACL coverage 204%). No strategic moves, M&A, or material adverse events. Routine quarterly disclosure for $133.6M market-cap bank.
See more from July 20, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.