Last $17.69 USD
Change Today -0.28 / -1.56%
Volume 4.6K
PEBK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 11:13 AM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

peoples bancorp of nc (PEBK) Snapshot

Open
$18.50
Previous Close
$17.97
Day High
$18.99
Day Low
$17.69
52 Week High
01/26/15 - $18.99
52 Week Low
01/27/14 - $15.06
Market Cap
99.4M
Average Volume 10 Days
4.9K
EPS TTM
$1.66
Shares Outstanding
5.6M
EX-Date
11/28/14
P/E TM
10.7x
Dividend
$0.24
Dividend Yield
1.00%
Current Stock Chart for PEOPLES BANCORP OF NC (PEBK)

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peoples bancorp of nc (PEBK) Details

Peoples Bancorp of North Carolina, Inc. operates as the holding company for Peoples Bank that provides various banking products and services to individuals and small to medium-sized businesses in the United States. Its primary deposit products include demand deposits, savings accounts, and non-brokered certificates of deposits. The company’s loan products comprise commercial real estate, commercial, consumer, construction and land development, and single-family residential loans, as well as agricultural loans. It also provides real estate appraisal and real estate brokerage services; and investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services. As of July 21, 2014, it operated approximately 21 banking offices located in Catawba, Alexander, Lincoln, Mecklenburg, Union, Iredell, and Wake Counties in North Carolina, as well as loan production offices in Lincoln and Wake Counties. The company was founded in 1912 and is headquartered in Newton, North Carolina.

257 Employees
Last Reported Date: 03/21/14
Founded in 1912

peoples bancorp of nc (PEBK) Top Compensated Officers

Chief Executive Officer, President, Member of...
Total Annual Compensation: $331.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $203.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $203.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $155.7K
Compensation as of Fiscal Year 2013.

peoples bancorp of nc (PEBK) Key Developments

Peoples Bancorp of North Carolina, Inc. Declares Fourth Quarter 2014 Cash Dividend, Payable on December 15, 2014

The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared cash dividend for the fourth quarter of 2014 in the amount of $0.06 per share at their most recent meeting. This is an increase of $0.02 per share from the regular quarterly cash dividend paid in September 2014 of $0.04 per share. The cash dividend will be paid on December 15, 2014 to shareholders of record December 2, 2014.

Peoples Bancorp of North Carolina, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Charge Offs for the Third Quarter Ended September 30, 2014

Peoples Bancorp of North Carolina, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported interest and fees on loans of $7,664,000 against $7,592,000 a year ago. Total interest income was $9,583,000 against $9,188,000 a year ago. Net interest income was $8,507,000 against $7,903,000 a year ago. Net interest income after provision for loan losses was $8,251,000 against $7,566,000 a year ago. Earnings before income taxes was $2,917,000 against $2,788,000 a year ago. Net earnings was $2,442,000 against $1,918,000 a year ago. Net earnings available to common shareholders was $2,442,000 against $1,762,000 a year ago. Diluted net earnings per share were $0.43 against $0.31 a year ago. Return on average assets was 0.93% against 0.74% a year ago. Return on average shareholders' equity was 10.09% against 8.02% a year ago. The increase in net interest income was primarily due to an increase in interest income resulting from an increase in the yield on investment securities and an increase in the average outstanding principal balance of loans and was offset by a decrease in interest expense resulting primarily from a reduction in the cost of funds. For the nine months, the company reported interest and fees on loans of $22,556,000 against $22,671,000 a year ago. Total interest income was $28,704,000 against $27,200,000 a year ago. Net interest income was $25,431,000 against $23,081,000 a year ago. Net interest income after provision for loan losses was $25,458,000 against $20,917,000 a year ago. Earnings before income taxes was $9,885,000 against $7,158,000 a year ago. Net earnings was $7,572,000 against $5,310,000 a year ago. Net earnings available to common shareholders was $7,572,000 against $4,840,000 a year ago. Diluted net earnings per share were $1.34 against $0.86 a year ago. Return on average assets was 0.98% against 0.70% a year ago. Return on average shareholders' equity was 10.71% against 7.11% a year ago. Book value per share as on September 30, 2014 was $17.13 against $14.81 as on September 30, 2013. After adjusting for dividends and accretion on preferred stock, net earnings available to common shareholders for the nine months ended September 30, 2014 were $7.6 million, or $1.35 basic net earnings per common share and $1.34 diluted net earnings per common share, as compared to $4.8 million, or $0.86 basic and diluted net earnings per common share, for the same period one year ago. The increase in year-to-date earnings is primarily attributable to an increase in net interest income and a decrease in the provision for loan losses, which were partially offset by an increase in non-interest expense and a decrease in non-interest income. The increase in net interest income was primarily due to an increase in interest income resulting from an increase in the yield on investment securities and an increase in the average outstanding principal balance of loans and was offset by a decrease in interest expense resulting primarily from a reduction in the cost of funds. The company provided charge offs for the third quarter ended September 30, 2014. For the quarter, the company reported charge offs of $749,000 against $970,000 a year ago.

Peoples Bancorp of North Carolina, Inc. expected to report Fiscal Year 2014 results on January 26, 2015. This event was calculated by Capital IQ (Created on October 10, 2014).

Peoples Bancorp of North Carolina, Inc. expected to report Fiscal Year 2014 results on January 26, 2015. This event was calculated by Capital IQ (Created on October 10, 2014).

 

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Industry Analysis

PEBK

Industry Average

Valuation PEBK Industry Range
Price/Earnings 11.6x
Price/Sales 2.2x
Price/Book 1.0x
Price/Cash Flow 11.3x
TEV/Sales NM Not Meaningful
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