Peoples Bancorp of North Carolina Q2 net interest income rises

Peoples Bancorp of North Carolina

20/07/2026 14:12

Overview
US regional bank's Q2 net earnings were flat yr/yr at $5.2 mln
Net interest income rose due to higher loan balances and lower interest expense
Earnings offset by higher provision for credit losses and lower non-interest income

Outlook
Company did not provide specific guidance or outlook for future periods in the press release 

Result Drivers
NET INTEREST INCOME - Higher net interest income driven by increased loan balances and lower interest expense
CREDIT LOSS PROVISION - Higher provision for credit losses reflecting loan growth and increased net charge-offs
NON-INTEREST INCOME - Lower non-interest income mainly due to a decrease in appraisal management fee income from reduced appraisal volume

Company press release: ID:nACSl4JxPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$5.23 mln
 
Q2 Net Interest Income
 
$15.97 mln
 
Q2 Pretax Profit
 
$6.73 mln
 
Q2 Provision for Credit Losses 
 
$293,000

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(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.)