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Stock impact report

Peoples Bancorp of North Carolina Inc Reports Mixed Results for Q4 and Full Year 2023 [Yahoo! Finance]

Peoples Bancorp of North Carolina, Inc. (PEBK) 
US:NASDAQ Investor Relations: peoplesbancorp.com
Company Research Source: Yahoo! Finance
Total Loans : Grew to $1.1 billion, marking an increase from the previous year. Non-Performing Assets : Slight uptick to 0.24% of total assets. Deposits : Remained stable at $1.4 billion, with a shift in core deposit composition. On January 22, 2024, Peoples Bancorp of North Carolina Inc ( NASDAQ:PEBK ) released its 8-K filing , detailing the financial outcomes for the fourth quarter and the full year of 2023. The bank holding company, which operates primarily in North Carolina, faced a challenging year with mixed financial results. Despite an increase in total loans and a stable deposit base, the company reported a decrease in net earnings and a tightening net interest margin for the fourth quarter. Company Overview Peoples Bancorp of North Carolina Inc is a state-chartered commercial bank that serves a diverse clientele across North Carolina. With a focus on local communities, the bank offers a range of financial services and maintains a diversified loan portfolio. The co Show less Read more
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