Peoples Bancorp of North Carolina (PEBK) Q3 2026 earnings summary

Executive summary

• Q3 2026 net earnings rose to $5.7 million from $3.7 million YoY; diluted EPS increased to $1.05 from $0.67.

• Nine-month net earnings were $15.4 million, up from $13.2 million; higher net interest income and lower noninterest expense were partly offset by higher credit-loss provision and lower noninterest income.

Financial highlights

• Q3 net interest income was $16.7 million vs. $15.1 million YoY; provision for credit losses fell to $250,000 from $530,000.

• Nine-month net interest income was $47.8 million vs. $43.7 million; provision for credit losses increased to $1.1 million from $585,000.

• Q3 noninterest income was $6.7 million vs. $7.1 million, while noninterest expense fell to $15.8 million from $16.9 million.

• Nine-month noninterest income was $20.3 million vs. $21.3 million; noninterest expense was $47.2 million vs. $47.3 million.

• Assets were $1.76 billion at September 30, 2026 vs. $1.70 billion at December 31, 2025; loans were $1.30 billion vs. $1.20 billion.

Outlook and guidance

• Management expects continued moderate economic growth in local markets, citing stable conditions and ongoing business growth and investment.

• Growth focus remains local and contiguous or nearby markets; acquisitions may be considered but are not viewed as necessary for shareholder returns.