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Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various banking products and services for individuals and small-to medium-sized businesses in the North Carolina, United States. The company offers deposit products. It also originates commercial real estate loans, commercial loans, construction and land development loans, single-family residential mortgage loans, as well as agricultural loans. In addition, the company provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. Further, it operates as a clearinghouse for the provision of appraisal services for community banks; and acquires, manages, and disposes of real property, other collateral, and other assets obtained in the ordinary course of collecting debts. The company was founded in 1912 and is headquartered in Newton, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $74M | - | $20M | $20M | 12.6% | 4.6% | 21.3% |
| 2024 | $71M | - | $16M | $20M | 12.5% | 3.6% | 5.2% |
| 2023 | $69M | - | $16M | $21M | 12.8% | 1.8% | -3.6% |
| 2022 | $67M | - | $16M | $18M | 15.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 67.39 | 68.64 | 71.14 | 74.41 |
| Pretax Income | 20.30 | 19.92 | 20.93 | 25.85 |
| Tax Provision | 4.17 | 4.38 | 4.58 | 6.02 |
| Net Income | 16.12 | 15.55 | 16.35 | 19.83 |
| Net Income Common Stockholders | 16.12 | 15.55 | 16.35 | 19.83 |
| Interest Expense | 3.32 | 17.14 | 26.65 | 24.60 |
| Interest Income | 54.43 | 71.86 | 80.73 | 83.62 |
| Selling General And Administration | 27.28 | 28.14 | 29.76 | 30.03 |
| Normalized Income | 16.19 | 15.40 | 16.35 | 17.52 |
| Basic EPS | 2.94 | 2.87 | 3.08 | 0 |
| Diluted EPS | 2.85 | 2.77 | 2.98 | 0 |
| Tax Effect Of Unusual Items | -0.02 | 0.04 | 0 | 0.70 |
| Tax Rate For Calcs | 0.21 | 0.22 | 0.22 | 0.23 |
| Total Unusual Items | -0.09 | 0.18 | 0 | 3.01 |
| Total Unusual Items Excluding Goodwill | -0.09 | 0.18 | 0 | 3.01 |
| Net Income From Continuing Operation Net Minority Interest | 16.12 | 15.55 | 16.35 | 19.83 |
| Reconciled Depreciation | 6.03 | 3.13 | 2.89 | 2.74 |
| Net Interest Income | 51.11 | 54.72 | 54.08 | 59.02 |
| Net Income From Continuing And Discontinued Operation | 16.12 | 15.55 | 16.35 | 19.83 |
| Diluted Average Shares | 5.66 | 5.61 | 5.49 | 0 |
| Basic Average Shares | 5.48 | 5.42 | 5.31 | 0 |
| Diluted NI Availto Com Stockholders | 16.12 | 15.55 | 16.35 | 19.83 |
| Net Income Including Noncontrolling Interests | 16.12 | 15.55 | 16.35 | 19.83 |
| Net Income Continuous Operations | 16.12 | 15.55 | 16.35 | 19.83 |
| Special Income Charges | -0.09 | 0.18 | 0 | 3.01 |
| Other Special Charges | 0.09 | -0.18 | 0 | -3.01 |
| Gain On Sale Of Security | 1.34 | -0.76 | 1.75 | 0.19 |
| Selling And Marketing Expense | 0.69 | 0.75 | 0.79 | 1.01 |
| General And Administrative Expense | 26.59 | 27.39 | 28.97 | 29.02 |
| Other Gand A | 1.85 | 0 | 0 | 0 |
| Insurance And Claims | 0.46 | 0.74 | 0.76 | 0.78 |
| Salaries And Wages | 26.13 | 26.64 | 28.21 | 28.25 |
| Operating Revenue | 67.39 | 68.64 | 71.14 | 74.41 |
| Occupancy And Equipment | 8.05 | 7.96 | 8.69 | 8.95 |
| Professional Expense And Contract Services Expense | 1.92 | 1.72 | 2.32 | 2.70 |
| Other Non Interest Expense | 8.29 | 9.52 | 9.73 | 8.95 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Peoples Bancorp of North Carolina, Inc.this co. | PEBK | $208M | 10.76 | 1.32 | 12.6% | - |
| Medallion Financial Corp. | MFIN | $218M | 5.20 | 0.51 | 9.2% | 13.46 |
| OP Bancorp | OPBK | $215M | 7.89 | 0.94 | 11.2% | - |
| Open Lending Corporation | LPRO | $209M | - | 2.78 | -5.7% | 18.99 |
| Eagle Financial Services, Inc. |
| EFSI |
| $205M |
| 9.95 |
| 1.06 |
| 4.3% |
| - |
| Citizens Community Bancorp, Inc. | CZWI | $201M | 13.61 | 1.65 | 7.7% | - |
| Octave Specialty Group, Inc. | OSG | $199M | - | 0.28 | -24.1% | -35.44 |
| Consumer Portfolio Services, Inc. | CPSS | $198M | 11.40 | 0.64 | 6.2% | - |
| First Internet Bancorp | INBK | $197M | - | 0.55 | -9.8% | - |
| Peer Median | - | 9.95 | 0.79 | 5.3% | 13.46 | |