Peoples Bancorp of North Carolina (PEBK) Q4 2025 earnings summary

Executive summary

• Net earnings for Q4 2025 were $6.6 million ($1.25 per share, $1.21 diluted), up from $3.6 million ($0.67 per share, $0.65 diluted) year-over-year, driven by higher net interest and non-interest income and lower non-interest expense, partially offset by increased provision for credit losses.

• Full year 2025 net earnings reached $19.8 million ($3.74 per share, $3.62 diluted), compared to $16.4 million ($3.08 per share, $2.98 diluted) in 2024.

• A $3.0 million net gain was recognized from the NCDOT eminent domain acquisition of a branch office in Q4 2025.

Financial highlights

• Net interest income for Q4 2025 was $15.4 million, up from $13.8 million in Q4 2024; full year net interest income was $59.0 million, up from $54.1 million.

• Non-interest income for Q4 2025 was $9.6 million (vs. $7.1 million prior year); full year non-interest income was $31.0 million (vs. $27.7 million prior year).

• Non-interest expense for Q4 2025 was $15.9 million (down from $16.5 million); full year non-interest expense was $63.2 million (up from $61.2 million).

• Net interest margin for Q4 2025 was 3.62% (vs. 3.39%); full year 2025 was 3.57% (vs. 3.36%).

• Total loans at year-end were $1.20 billion (up from $1.14 billion); total deposits were $1.51 billion (up from $1.48 billion).

• Shareholders' equity at year-end was $157.1 million, or 9.23% of total assets (up from $130.6 million, 7.90%).

Outlook and guidance

• Management expects continued impact from competition, interest rate environment, and economic conditions, with forward-looking statements subject to risks and uncertainties.