Skip to content
Stack of papers with fountain pen banner

Press Releases

2015

Company Release - 5/22/2015

NEWTON, N.C., May 22, 2015 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the second quarter of 2015 in the amount of $0.06 per share at their most recent meeting. The cash dividend will be paid on June 15, 2015 to shareholders of record June 3, 2015.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln and Durham Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2014, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

4/20/2015

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported first quarter earnings results with highlights as follows:

  • Net earnings available to common shareholders were $2.3 million or $0.41 basic and diluted net earnings per common share for the three months ended March 31, 2015, as compared to $2.6 million or $0.46 basic and diluted net earnings per common share for the same period one year ago.
  • Average outstanding principal balance of loans increased $37.2 million to $654.7 million for the three months ended March 31, 2015 compared to $617.5 million for the three months ended March 31, 2014.
  • Non-performing assets declined to $12.4 million or 1.2% of total assets at March 31, 2015, compared to $14.9 million or 1.4% of total assets at March 31, 2014.
  • Total loans increased $42.5 million to $660.5 million at March 31, 2015, compared to $618.0 million at March 31, 2014.
  • Core deposits were $786.2 million or 94.73% of total deposits at March 31, 2015, compared to $748.3 million or 92.3% of total deposits at March 31, 2014.

Lance A. Sellers, President and Chief Executive Officer, attributed the decrease in first quarter earnings to an increase in the provision for loan losses and an increase in non-interest expense, which were partially offset by an increase in non-interest income and an increase in net interest income.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 2/20/2015

NEWTON, N.C., Feb. 20, 2015 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the first quarter of 2015 in the amount of $0.06 per share at their most recent meeting. The cash dividend will be paid on March 16, 2015 to shareholders of record March 3, 2015.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2013, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

1/26/2015

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported fourth quarter and annual earnings results with highlights as follows:

  • Net earnings were $1.8 million or $0.32 basic and diluted net earnings per share for the three months ended December 31, 2014, as compared to $1.4 million or $0.25 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $1.8 million or $0.32 basic and diluted net earnings per common share for the three months ended December 31, 2014, as compared to $1.2 million or $0.21 basic and diluted net earnings per common share, for the same period one year ago.
  • Core earnings, as calculated in the Core Earnings Analysis table, were $2.7 million for the three months ended December 31, 2014, compared to $2.0 million for the three months ended December 31, 2013.
  • Average outstanding principal balance of loans increased $31.5 million to $648.4 million for the three months ended December 31, 2014 compared to $616.9 million for the three months ended December 31, 2013.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in fourth quarter earnings to an increase in net interest income, a decrease in the provision for loan losses and an increase in non-interest income, which were partially offset by an increase in non-interest expense.

View the First Quarterly Report of 2015


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

2014

Company Release - 11/21/2014

NEWTON, N.C., -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the fourth quarter of 2014 in the amount of $0.06 per share at their most recent meeting. This is an increase of $0.02 per share from the regular quarterly cash dividend paid in September 2014 of $0.04 per share. The cash dividend will be paid on December 15, 2014 to shareholders of record December 2, 2014.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at (828) 464-5620 or (800) 948-7195 or visit our transfer agent’s website at www.rtco.com.

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol ““PEBK.”

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2013, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

10/20/2014

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported third quarter and year to date earnings results with highlights as follows:

Third Quarter Highlights:

  • Net earnings were $2.4 million or $0.43 basic and diluted net earnings per share for the three months ended September 30, 2014, as compared to $1.9 million or $0.34 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $2.4 million or $0.43 basic and diluted net earnings per common share for the three months ended September 30, 2014, as compared to $1.8 million or $0.31 basic and diluted net earnings per common share, for the same period one year ago.
  • Total loans increased $17.2 million during the three months ended September 30, 2014, as compared to a $9.0 million increase during the same period one year ago.

Year to date Highlights:

  • Net earnings were $7.6 million or $1.35 basic net earnings per share and $1.34 diluted net earnings per share for the nine months ended September 30, 2014, as compared to $5.3 million or $0.95 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $7.6 million or $1.35 basic net earnings per common share and $1.34 diluted net earnings per common share for the nine months ended September 30, 2014, as compared to $4.8 million or $0.86 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $9.6 million for the nine months ended September 30, 2014, compared to $6.5 million for the same period one year ago.
  • Non-performing assets declined to $12.6 million or 1.2% of total assets at September 30, 2014, compared to $19.1 million or 1.8% of total assets at September 30, 2013.
  • Total loans increased $33.5 million to $650.6 million at September 30, 2014, compared to $617.1 million at September 30, 2013.
  • Core deposits were $707.2 million, or 86.6% of total deposits at September 30, 2014, compared to $678.0 million, or 84.9% of total deposits at September 30, 2013.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in third quarter earnings to an increase in net interest income, a decrease in the provision for loan losses and an increase in non-interest income, which were partially offset by an increase in non-interest expense.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 9/23/2014

NEWTON, N.C., September 23, 2014 -- Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, Newton, NC announced today that its Board of Directors has authorized a stock repurchase program, whereby up to $2 million will be allocated to repurchase the Company’s common stock. At June 30, 2014, the Company had assets of $1 billion and stockholder’s equity of $93 million.

Any purchases under the Company’s repurchase program may be made periodically as permitted by securities laws and other legal requirements in the open market or in privately negotiated transactions. The timing and amount of any repurchase of shares will be determined by the Company’s management, based on its evaluation of market conditions and other factors. The repurchase program may be suspended at any time or from time-to-time without prior notice.

“The Board decision to repurchase stock was based on the strength of the Company’s balance sheet and capital position. We believe this is an attractive opportunity to enhance shareholder value,” said Lance Sellers, President and Chief Executive Officer.

Peoples Bank operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this release was prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate,” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the markets served by Peoples Bank, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectibility of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations and (7) other risks and factors identified in the Company's other filings with the Securities and Exchange Commission, including but not limited to those described in the Company's annual report on Form 10-K for the year ended December 31, 2013.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 8/21/2014

NEWTON, N.C., August 21, 2014 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the third quarter of 2014 in the amount of $.04 per share at their most recent meeting. The cash dividend will be paid on September 15, 2014 to shareholders of record September 2, 2014.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at (828) 464-5620 or (800) 948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Bank also operates loan production offices in Lincoln and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol ““PEBK.”

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2013, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

7/21/2014

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported second quarter and year to date earnings results with highlights as follows:

Second Quarter Highlights:

  • Net earnings were $2.6 million or $0.45 basic and diluted net earnings per share for the three months ended June 30, 2014, as compared to $1.6 million or $0.29 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $2.6 million or $0.45 basic and diluted net earnings per common share for the three months ended June 30, 2014, as compared to $1.5 million or $0.26 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $3.5 million for the three months ended June 30, 2014, compared to $1.7 million for the same period one year ago.
  • Total loans increased $15.3 million during the three months ended June 30, 2014, as compared to a $1.9 million decrease during the same period one year ago.

Year to date Highlights:

  • Net earnings were $5.1 million or $0.91 basic and diluted net earnings per share for the six months ended June 30, 2014, as compared to $3.4 million or $0.60 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $5.1 million or $0.91 basic and diluted net earnings per common share for the six months ended June 30, 2014, as compared to $3.1 million or $0.55 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $6.9 million for the six months ended June 30, 2014, compared to $3.8 million for the same period one year ago.
  • Non-performing assets declined to $14.8 million or 1.4% of total assets at June 30, 2014, compared to $23.4 million or 2.3% of total assets at June 30, 2013.
  • Total loans increased $25.3 million to $633.3 million at June 30, 2014, compared to $608.1 million at June 30, 2013.
  • Core deposits were $699.1 million, or 86.2% of total deposits at June 30, 2014, compared to $665.4 million, or 84.4% of total deposits at June 30, 2013.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in second quarter earnings to a decrease in the provision for loan losses and an increase in net interest income, which were partially offset by a decrease in non-interest income.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 05/23/2014

NEWTON, N.C., May 23, 2014 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the second quarter of 2014 in the amount of $0.04 per share at their most recent meeting. The cash dividend will be paid on June 13, 2014 to shareholders of record June 3, 2014.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2013, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

4/21/2013

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported first quarter earnings results with highlights as follows:

  • Net earnings were $2.6 million or $0.46 basic and diluted net earnings per share for the three months ended March 31, 2014, as compared to $1.8 million or $0.31 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $2.6 million or $0.46 basic and diluted net earnings per common share for the three months ended March 31, 2014, as compared to $1.6 million or $0.29 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $3.5 million for the three months ended March 31, 2014, compared to $2.0 million for the same period one year ago.
  • Non-performing assets declined to $14.9 million or 1.4% of total assets at March 31, 2014, compared to $24.3 million or 2.4% of total assets at March 31, 2013.
  • Core deposits were $694.2 million, or 85.6% of total deposits at March 31, 2014, compared to $656.0 million, or 83.7% of total deposits at March 31, 2013.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in first quarter earnings to a decrease in the provision for loan losses and an increase in net interest income, which were partially offset by a decrease in non-interest income and an increase in non-interest expense.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 02/21/2014

NEWTON, N.C., February 21, 2014 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the first quarter of 2014 in the amount of $0.04 per share at their most recent meeting. This is an increase of $0.01 per share from the regular quarterly cash dividend paid in December 2013 of $0.03 per share. The cash dividend will be paid on March 14, 2014 to shareholders of record March 3, 2014.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 21 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2012, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 01/27/2014

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported fourth quarter and annual earnings results with highlights as follows:

  • Net earnings were $1.4 million or $0.25 basic and diluted net earnings per share for the three months ended December 31, 2013, before adjustment for preferred stock dividends and accretion, as compared to $1.2 million or $0.22 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $1.2 million or $0.21 basic and diluted net earnings per common share for the three months ended December 31, 2013, as compared to $1.1 million or $0.19 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $8.0 million for the year ended December 31, 2013, compared to $6.2 million for the year ended December 31, 2012
  • Core deposits were $683.9 million, or 85.6% of total deposits at December 31, 2013, compared to $646.4 million, or 82.7% of total deposits at December 31, 2012.
  • Non-performing assets declined to $16.4 million or 1.6% of total assets at December 31, 2013, compared to $26.3 million or 2.6% of total assets at December 31, 2012.
  • The Company received regulatory approval in December 2013 to repurchase and redeem the remaining 12,524 outstanding shares of its Series A preferred stock. The repurchase and redemption, which was completed January 17, 2014, is reflected on the Company’s Consolidated Balance Sheets as of December 31, 2013. “Accrued interest payable and other liabilities” at December 31, 2013 includes a $12.6 million payable for the preferred stock principal and accrued dividends paid to preferred shareholders on January 17, 2014.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in fourth quarter earnings to a decrease in the provision for loan losses, an increase in net interest income and an increase in non-interest income, which were partially offset by an increase in non-interest expense.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

2013

Company Release - 11/22/2013

NEWTON, N.C., November 22, 2013 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the fourth quarter of 2013 in the amount of $0.03 per share at their most recent meeting. The cash dividend will be paid on December 16, 2013 to shareholders of record December 3, 2013.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 22 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2012, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

10/21/2013

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported third quarter earnings results with highlights as follows:

  • Net earnings were $1.9 million or $0.34 basic and diluted net earnings per share for the three months ended September 30, 2013, before adjustment for preferred stock dividends and accretion, as compared to $1.4 million or $0.25 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $1.8 million or $0.31 basic and diluted net earnings per common share for the three months ended September 30, 2013, as compared to $1.3 million or $0.23 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $2.8 million for the three months ended September 30, 2013 compared to $1.8 million for the same period one year ago.
  • Core deposits were $678.0 million, or 84.9% of total deposits at September 30, 2013, compared to $624.5 million, or 81.3% of total deposits at September 30, 2012.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in third quarter earnings to a decrease in the provision for loan losses, a decrease in non-interest expense, an increase in non-interest income and an increase in net interest income.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Company Release - 8/16/2013

NEWTON, N.C., August 16, 2013 -- The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK) declared a cash dividend for the third quarter of 2013 in the amount of $0.03 per share at their most recent meeting. The cash dividend will be paid on September 16, 2013 to shareholders of record September 3, 2013.

Shareholders are encouraged to enroll in the Company’s Dividend Reinvestment and Stock Purchase Plan. For details, you may contact Krissy Price at 828-464-5620 or 800-948-7195 or you may email any questions to our transfer agent, Broadridge Corporate Issuer Solutions, Inc. at .

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc. operates 22 offices entirely in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell and Wake Counties. The Company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements are based on information currently available to management and are subject to various risks and uncertainties, including but not limited to those described in Peoples Bancorp of North Carolina, Inc.’s annual report on Form 10-K for the year ended December 31, 2012, under “General Description of Business” and otherwise in the Company’s reports and filings.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

7/22/2013

Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, reported second quarter earnings results with highlights as follows:

  • Net earnings were $1.6 million or $0.29 basic and diluted net earnings per share for the three months ended June 30, 2013, before adjustment for preferred stock dividends and accretion, as compared to $1.5 million or $0.27 basic and diluted net earnings per share, before adjustment for preferred stock dividends and accretion, for the same period one year ago.
  • Net earnings available to common shareholders were $1.5 million or $0.26 basic and diluted net earnings per common share for the three months ended June 30, 2013, as compared to $1.2 million or $0.21 basic and diluted net earnings per common share, for the same period one year ago.
  • Earnings before securities gains and income taxes were $1.7 million for the three months ended June 30, 2013 compared to $1.3 million for the same period one year ago.
  • Core deposits were $665.4 million, or 84.4% of total deposits at June 30, 2013, compared to $622.6 million, or 79.8% of total deposits at June 30, 2012.

Lance A. Sellers, President and Chief Executive Officer, attributed the increase in second quarter earnings to a decrease in the provision for loan losses, which was partially offset by a decrease in net interest income, a decrease in non-interest income and an increase in non-interest expense.

Read the complete earnings release here.


SOURCE Peoples Bancorp of North Carolina, Inc.

Contact: Lance A. Sellers, President and Chief Executive Officer, or A. Joseph Lampron, Executive Vice President and Chief Financial Officer, of Peoples Bancorp, +1-828-464-5620, Fax 828-465-6780

Media Contact

Joseph F. Beaman, Jr.
Executive Vice President, Chief Administrative Officer
828-464-5620
800-948-7195


2014 Annual Report download (723kb PDF)


Continue to Investor Relations site