Peoples Bancorp Q1 FY26 net earnings rise 1.2% to $4.4 million; NIM widens to 3.68%

Peoples Bancorp of North Carolina, Inc.

Peoples Bancorp of North Carolina, Inc.

PEBK

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  • Peoples Bancorp of North Carolina posted first-quarter net earnings of $4.4 million, up 1.2%.
  • Diluted EPS edged up to $0.80.
  • Net interest margin widened to 3.68% from 3.51% a year earlier.
  • Total loans climbed to $1.24 billion from $1.20 billion at Dec. 31, while total deposits increased to $1.54 billion from $1.51 billion.
  • CEO William D. Cable Sr. attributed higher net earnings to increased net interest income, partially offset by higher provision for credit losses and non-interest expense.


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