Peoples Bancorp of North Carolina, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 3, 2026, reporting third-quarter net earnings of $5,727 thousand and total assets of $1,762,190 thousand.

Key Highlights

  • Net earnings: $5,727 thousand for the three months ended September 30, 2026, compared to $3,692 thousand for the same period in 2025.
  • Net interest income: $16,691 thousand for Q3 2026, up from $15,119 thousand in Q3 2025, according to the filing.
  • Total assets: $1,762,190 thousand at September 30, 2026, compared to $1,702,148 thousand at December 31, 2025.
  • Diluted net earnings per share: $1.05 for the three months ended September 30, 2026, versus $0.67 in the year-earlier quarter.
  • Provision for credit losses: $250 thousand in Q3 2026, compared to $530 thousand in Q3 2025.
  • Cash dividends declared per share: $0.21 for the three months ended September 30, 2026, up from $0.20 in the prior-year quarter.
  • Shares outstanding: 5,461,490 shares of common stock as of October 31, 2026.

Financial Results for Peoples Bancorp of North Carolina, Third Quarter 2026

According to the filing, Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), a North Carolina-chartered banking organization headquartered in Newton, North Carolina, reported net earnings of $5,727 thousand for the three months ended September 30, 2026. This compared to $3,692 thousand for the three months ended September 30, 2025. For the nine months ended September 30, 2026, the company reported net earnings of $15,359 thousand, versus $13,197 thousand for the same period in 2025.

The filing disclosed that total interest income for Q3 2026 was $22,343 thousand, with interest and fees on loans accounting for $19,034 thousand of that total. Total interest expense for the quarter was $5,652 thousand, down from $6,286 thousand in Q3 2025, producing net interest income of $16,691 thousand. Non-interest income totaled $6,689 thousand for the quarter, with appraisal management fee income contributing $2,883 thousand. The company also reported appraisal management fee expense of $2,313 thousand for Q3 2026.

On the balance sheet, the filing showed total loans of $1,302,938 thousand at September 30, 2026, compared to $1,204,388 thousand at December 31, 2025. The allowance for credit losses stood at $10,698 thousand. Total deposits were reported at $1,567,815 thousand at September 30, 2026, which included noninterest-bearing demand deposits of $401,807 thousand and interest-bearing demand, MMDA, and savings deposits of $870,953 thousand. Total shareholders' equity was $157,656 thousand at quarter-end. The filing noted an accumulated other comprehensive loss of $37,761 thousand at September 30, 2026. Income tax expense for the three months ended September 30, 2026 was $1,639 thousand, resulting in earnings before income taxes of $7,366 thousand.

What Was Disclosed

Peoples Bancorp of North Carolina filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated balance sheet data, income statement results, per-share earnings, and dividend information for the three and nine months ended September 30, 2026 and 2025.