Peoples Bancorp Q3 earnings rise to $5.7 million
- Peoples Bancorp of North Carolina reported Q3 2026 net earnings of $5.7 million, compared with $3.7 million a year earlier, while diluted earnings per share increased to $1.05 from $0.67.
- Net interest income rose to $16.7 million from $15.1 million, while net interest margin widened to 3.85% from 3.58%.
- Loans reached $1.30 billion and deposits totaled $1.57 billion at September 30, although the equity-to-assets ratio declined to 8.95%.
Peoples Bancorp of North Carolina (NASDAQ:PEBK) reported third-quarter 2026 net earnings of $5.7 million, up approximately 54% from $3.7 million a year earlier.
Diluted earnings per share increased to $1.05 from $0.67, while net interest income rose approximately 11% to $16.7 million.
The earnings improvement coincided with higher net interest income and lower operating expenses, despite a decline in non-interest income during the quarter.
Net interest margin widened to 3.85% from 3.58%, while non-interest expense declined to $15.8 million from $16.9 million.
The bank reported nine-month earnings of $15.4 million, up from $13.2 million.
Loans increased to $1.30 billion from $1.20 billion at year-end 2025, while deposits rose to $1.57 billion from $1.51 billion.
Non-performing assets increased slightly to $4.3 million, representing an unchanged 0.25% of assets, while the equity-to-assets ratio declined to 8.95%.
