Quarterly ResultJul 20, 2026, 09:36 AM
Peoples Bancorp Q2 Net Earnings $5.2M, Diluted EPS $0.96
AI Summary
Peoples Bancorp of North Carolina, Inc. reported second quarter 2026 net earnings of $5.2 million, consistent with the prior year, while diluted earnings per share slightly increased to $0.96. The company saw an improved net interest margin of 3.80% and growth in both total loans to $1.28 billion and total deposits to $1.57 billion. However, non-performing assets increased to $5.2 million, and the provision for credit losses rose significantly, reflecting continued loan growth and an increase in net charge-offs.
Key Highlights
- Q2 2026 net earnings were $5.2 million, flat compared to Q2 2025.
- Q2 2026 diluted EPS increased to $0.96 from $0.95 in Q2 2025.
- Net interest margin for Q2 2026 improved to 3.80% from 3.57% in Q2 2025.
- Total loans grew to $1.28 billion at June 30, 2026, from $1.20 billion at December 31, 2025.
- Total deposits increased to $1.57 billion at June 30, 2026, from $1.51 billion at December 31, 2025.
- Non-performing assets rose to $5.2 million (0.29% of total assets) at June 30, 2026, from $4.2 million (0.25%) at December 31, 2025.
- Provision for credit losses increased to $293,000 in Q2 2026 from a recovery of $213,000 in Q2 2025.
- Cash dividends for the six months ended June 30, 2026, were $0.59 per share, up from $0.56.
Price Impact
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