Peoples Bancorp of North Carolina (NASDAQ:PEBK), the parent company of Peoples Bank, today reported financial results for the first quarter ended March 31, 2026.
The bank delivered a consistent performance characterized by expanded lending activity, growing core deposits, and maintained profitability metrics.
For the quarter, the company achieved net earnings of $4.4 million, translating to $0.83 per share ($0.80 on a diluted basis).
Demonstrating continued commitment to capital returns, the company also declared and paid a $0.38 cash dividend per share during the period.
During the period under review, Peoples Bancorp saw healthy growth across its core banking operations.
Total loans rose to $1.24 billion, while total deposits reached $1.54 billion, reflecting the bank's successful efforts to deepen customer relationships within its regional footprint.
The bank’s revenue generation remained efficient, as net interest income increased to $15.1 million.
This was supported by a strong net interest margin of 3.68%, a key indicator of the bank's ability to manage the spread between its lending rates and funding costs in a dynamic interest rate environment.