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    PEBK — Peoples Bancorp of North Carolina News Story

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    Peoples Bancorp NC Q4 profit  doubles on higher interest, gain on domain sale

    Picture of Peoples Bancorp of North Carolina logoPeoples Bancorp of North Carolina
    26/01/2026 14:09
    Overview

North Carolina bank's Q4 net earnings more than doubled yr/yr

Net interest income rose due to higher loan income and lower interest expenses

Company gained $3 mln from North Carolina Department of Transportation (NCDOT) eminent domain acquisition

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

EMINENT DOMAIN GAIN - Co recognized a $3.0 mln net gain from the NCDOT acquisition of its former Mooresville branch

NET INTEREST INCOME - Increase due to higher loan income and lower interest expenses, per CEO William D. Cable, Sr.

CREDIT LOSS PROVISION - Increase in provision for credit losses due to changes in reserve for losses, compared to prior year

Key Details


    MetricBeat/MissActualConsensus Estimate
    Q4 Net Income$6.63 mln
    Q4 Net Interest Income$15.36 mln
    Q4 Pretax Profit$8.76 mln
    Q4 Provision for Credit Losses$353,000
    

Press Release: ID:nACSMtpnRa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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