Quarterly ResultOct 19, 2026, 10:16 AM
Peoples Bancorp Q3 Net Earnings Up 54% to $5.7M; EPS $1.08 vs $0.70
AI Summary
Peoples Bancorp of North Carolina, Inc. announced strong third quarter 2026 financial results, with net earnings rising to $5.7 million ($1.08 per share) from $3.7 million ($0.70 per share) in the prior year period. The company also reported year-to-date net earnings of $15.4 million ($2.89 per share), an increase from $13.2 million ($2.49 per share) in 2025. Key drivers included an improved net interest margin, growth in total loans and deposits, and a decrease in non-interest expense. The company also increased its year-to-date cash dividends per share.
Key Highlights
- Peoples Bancorp reported Q3 2026 net earnings of $5.7 million, or $1.08 per share, a significant increase from $3.7 million, or $0.70 per share, in Q3 2025.
- Year-to-date net earnings reached $15.4 million ($2.89/share) for the first nine months of 2026, up from $13.2 million ($2.49/share) in the same period of 2025.
- Net interest margin improved to 3.85% in Q3 2026 from 3.58% in Q3 2025.
- Total loans grew to $1.30 billion at September 30, 2026, from $1.20 billion at December 31, 2025.
- Total deposits increased to $1.57 billion at September 30, 2026, from $1.51 billion at December 31, 2025.
- Cash dividends paid year-to-date were $0.80 per share for 2026, up from $0.76 per share in 2025.
Price Impact
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