Peoples Bancorp of North Carolina Q1 2026 net earnings rise to $4.4 million

• Peoples Bancorp of North Carolina posted net earnings of $4.4 million, or $0.83 per share, for three months ended March 31, 2026, compared with $4.3 million, or $0.82 per share, a year earlier.
• Net interest income rose to $15.1 million from $13.9 million, as interest income climbed to $20.9 million from $20 million while interest expense eased to $5.8 million from $6 million.
• Provision for credit losses increased to $560,000 from $268,000, while non-interest expense rose to $15.4 million from $14.6 million.
• Annualized return on average assets slipped to 1.04% from 1.07%, while total loans grew to $1.24 billion from $1.2 billion and deposits increased to $1.54 billion from $1.51 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peoples Bancorp of North Carolina Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-004543), on May 07, 2026, and is solely responsible for the information contained therein.