Peoples Bancorp of North Carolina, Inc. (PEBK) 10-Year Financial Performance & Capital Metrics

PEBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutPeoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, and individual taxpayer identification number mortgage loans, as well as agricultural loans. It also provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. In addition, the company operates as a clearing-house for the provision of appraisal services for community banks; and acquires, manages, and disposes real property, other collateral, and other assets obtained in the ordinary course of collecting debts, as well as offers insurance agency services. As of December 31, 2021, it operated 17 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Cornelius, Mooresville, Raleigh, and Cary, North Carolina. The company also operates loan production offices in Charlotte, Denver, Salisbury, and Winston-Salem, North Carolina. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.Show more

Net Interest Income $54M -1.2%
Total Revenue $98M +14.0%
Net Income $16M +5.2%
Return on Equity 13% -5.4%
Net Interest Margin 3.27% -2.1%
Efficiency Ratio 51.64% -6.1%
ROA 0.99% +4.2%
Equity / Assets 7.9% +6.8%
Book Value per Share 23.79 +10.3%
Tangible BV/Share 23.79 +10.3%
Debt/Equity 0.15 -83.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 51.6% efficiency ratio
✓Healthy dividend yield of 2.5%
✓Share count reduced 2.2% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y7.01%

5Y9.02%

3Y15.25%

TTM-

Profit (Net Income) CAGR

10Y5.71%

5Y3.06%

3Y2.62%

TTM3.22%

EPS CAGR

10Y7.03%

5Y4.78%

3Y4.25%

TTM3.39%

ROCE

10Y Avg10.96%

5Y Avg12.34%

3Y Avg13.69%

Latest12.9%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	35.18M	36.54M	39.57M	43.2M	45.84M	44.12M	43.97M	51.11M	54.72M	54.08M
NII Growth %	0.03%	0.04%	0.08%	0.09%	0.06%	-0.04%	-0%	0.16%	0.07%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	38.67M	39.81M	41.95M	45.35M	49.6M	47.96M	47.18M	54.43M	71.86M	80.73M
Interest Expense	3.48M	3.27M	2.38M	2.15M	3.76M	3.84M	3.21M	3.32M	17.14M	26.65M
Loan Loss Provision	-17K	-1.21M	-507K	790K	863K	4.26M	-1.16M	1.47M	1.57M	-285K
Non-Interest Income+	12.32M	12.84M	11.62M	12.17M	13.91M	16.63M	16.7M	16.29M	13.92M	17.06M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	50.99M	52.64M	53.57M	57.52M	63.51M	64.59M	63.88M	70.72M	85.78M	97.79M
Revenue Growth %	0.03%	0.03%	0.02%	0.07%	0.1%	0.02%	-0.01%	0.11%	0.21%	0.14%
Non-Interest Expense	34.79M	38.84M	37.49M	38.58M	41.68M	42.65M	42.91M	45.63M	47.15M	50.5M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	12.73M	11.74M	14.21M	16.01M	17.2M	13.85M	18.93M	20.3M	19.92M	20.93M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.12%	-0.08%	0.21%	0.13%	0.07%	-0.2%	0.37%	0.07%	-0.02%	0.05%
Pretax Income+	12.73M	11.74M	14.21M	16.01M	17.2M	13.85M	18.93M	20.3M	19.92M	20.93M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	3.1M	2.56M	3.95M	2.62M	3.14M	2.49M	3.8M	4.17M	4.38M	4.58M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	9.63M	9.18M	10.27M	13.38M	14.07M	11.36M	15.13M	16.12M	15.55M	16.35M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.03%	-0.05%	0.12%	0.3%	0.05%	-0.19%	0.33%	0.07%	-0.04%	0.05%
Net Income (Continuing)	9.63M	9.18M	10.27M	13.38M	14.07M	11.36M	15.13M	16.12M	15.55M	16.35M
EPS (Diluted)+	1.56	1.50	1.69	2.22	2.36	1.95	2.63	2.85	2.77	2.98
EPS Growth %	0.03%	-0.04%	0.13%	0.31%	0.06%	-0.17%	0.35%	0.08%	-0.03%	0.08%
EPS (Basic)	1.57	1.53	1.71	2.23	2.37	1.95	2.71	2.94	2.87	3.08
Diluted Shares Outstanding	6.17M	6.12M	6.06M	6.01M	5.96M	5.82M	5.75M	5.66M	5.61M	5.49M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	39.76M	70.09M	57.3M	43.37M	49.06M	161.58M	277.5M	71.6M	82.38M	59.27M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	955.82M	974.55M	985.41M	997.2M	1.05B	1.2B	1.29B	1.47B	1.48B	1.52B
Investments Growth %	0.03%	0.02%	0.01%	0.01%	0.05%	0.14%	0.08%	0.14%	0%	0.03%
Long-Term Investments	687.29M	724.61M	756.09M	802.62M	851.84M	952.02M	882.82M	1.02B	1.09B	1.29B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	16.98M	16.45M	19.91M	18.45M	22.23M	22.02M	20.72M	23.32M	21.43M	18.86M
Other Assets	15.29M	15.23M	15.67M	15.96M	19.65M	17.1M	17.36M	17.7M	54.59M	53.33M
Total Current Assets	318.93M	331.7M	300.5M	256.22M	261.17M	425.03M	703.29M	554.92M	474.3M	293.05M
Total Non-Current Assets	719.55M	756.29M	791.67M	837.03M	893.72M	991.14M	920.9M	1.07B	1.16B	1.36B
Total Assets+	1.04B	1.09B	1.09B	1.09B	1.15B	1.42B	1.62B	1.62B	1.64B	1.65B
Asset Growth %	-0%	0.05%	0%	0%	0.06%	0.23%	0.15%	-0%	0.01%	0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	9.45M	10.59M	10.86M	13.71M	10.76M	10.05M	11.84M	12.18M	0	0
Total Debt+	91.99M	77.05M	58.38M	78.71M	43.49M	45.14M	57.23M	68.34M	107.01M	19.6M
Net Debt	52.23M	6.96M	1.07M	35.34M	-5.57M	-116.44M	-220.26M	-3.26M	24.64M	-39.67M
Long-Term Debt	64.12M	40.62M	20.62M	20.62M	15.62M	15.46M	15.46M	15.46M	15.46M	15.46M
Short-Term Debt	27.87M	36.43M	37.76M	58.09M	24.22M	26.2M	37.09M	47.69M	86.72M	0
Other Liabilities	0	0	0	0	0	0	0	0	15.84M	17.07M
Total Current Liabilities	869.5M	939.94M	955.57M	949.01M	1B	1.26B	1.46B	1.5B	1.48B	1.48B
Total Non-Current Liabilities	64.12M	40.62M	20.62M	20.62M	19.27M	18.93M	20.14M	20.65M	36.13M	36.67M
Total Liabilities	933.62M	980.56M	976.19M	969.63M	1.02B	1.28B	1.48B	1.52B	1.51B	1.52B
Total Equity+	104.86M	107.43M	115.97M	123.62M	134.12M	139.9M	142.37M	105.19M	121.02M	130.56M
Equity Growth %	0.06%	0.02%	0.08%	0.07%	0.08%	0.04%	0.02%	-0.26%	0.15%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.09%	0.09%	0.11%	0.11%	0.08%	0.11%	0.13%	0.14%	0.13%
Book Value per Share	17.00	17.56	19.13	20.55	22.50	24.03	24.76	18.58	21.57	23.79
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	46.17M	44.19M	62.1M	62.1M	59.81M	55.08M	51.31M	50.45M	48.72M	46.9M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	53.18M	60.25M	50.29M	60.53M	70.66M	77.63M	88.97M	100.16M	109.76M	121.06M
Accumulated OCI	5.51M	2.99M	3.59M	986K	3.64M	5.4M	96K	-47.6M	-39.37M	-39.16M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.86M	12.24M	18.59M	17.19M	13.2M	9.16M	26.9M	22.66M	22.78M	20.56M
Operating CF Growth %	6.23%	-0.12%	0.52%	-0.08%	-0.23%	-0.31%	1.94%	-0.16%	0.01%	-0.1%
Net Income	9.63M	9.18M	10.27M	13.38M	14.07M	11.36M	15.13M	16.12M	15.55M	16.35M
Depreciation & Amortization	6.05M	5.42M	5.02M	4.57M	3.96M	4.18M	5.57M	6.03M	3.13M	2.89M
Deferred Taxes	673K	1.1M	2.12M	78K	164K	-560K	-227K	-541K	-453K	1.03M
Other Non-Cash Items	-3.04M	-3.56M	4.58M	391K	-2.85M	-3.06M	4.21M	4.98M	3.4M	-578K
Working Capital Changes	53K	-831K	-3.99M	-1.32M	-2.42M	-2.79M	2.03M	-4.23M	979K	650K
Cash from Investing+	-30.13M	-23.62M	-24.11M	-18.59M	-48.18M	-148.97M	-106.14M	-255.98M	-753K	-42.62M
Purchase of Investments	-19.23M	-12.96M	-10.06M	-37.3M	-54.26M	-127.94M	-209.31M	-149.74M	-9.62M	-29.05M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-36.75M	-33.78M	-35.85M	-43.46M	-46.31M	-100.3M	65.38M	-148.11M	-59.63M	-45.58M
Cash from Financing+	-13.07M	41.71M	-7.28M	-12.53M	44M	249M	195.16M	27.42M	-11.25M	-1.04M
Dividends Paid	-1.57M	-2.11M	-2.63M	-3.13M	-3.94M	-4.39M	-3.79M	-4.93M	-5.11M	-5.05M
Share Repurchases	-1.92M	-1.98M	0	0	-2.49M	-3M	-3.6M	-710K	-2M	-2M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	0	-1000K	-155K	0	0	0	-1000K
Other Financing	-3.08M	69.3M	15.36M	-9.4M	55.43M	256.55M	202.56M	33.06M	-4.14M	92.72M
Net Change in Cash+	-29.34M	30.33M	-12.79M	-13.93M	9.02M	109.19M	115.92M	-205.9M	10.78M	-23.11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	69.1M	39.76M	70.09M	57.3M	43.37M	52.39M	161.58M	277.5M	71.6M	82.38M
Cash at End	39.76M	70.09M	57.3M	43.37M	52.39M	161.58M	277.5M	71.6M	82.38M	59.27M
Interest Paid	3.52M	3.42M	2.53M	2.13M	3.75M	3.86M	3.22M	3.28M	16.49M	28.08M
Income Taxes Paid	2.28M	2.03M	2.41M	1.16M	3.21M	2.78M	3.67M	4.66M	4.45M	4.54M
Free Cash Flow+	11.51M	10.63M	13.04M	15.45M	10.36M	6.67M	26.42M	18.05M	20.83M	19.97M
FCF Growth %	10.57%	-0.08%	0.23%	0.18%	-0.33%	-0.36%	2.96%	-0.32%	0.15%	-0.04%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.47%	8.65%	9.19%	11.17%	10.92%	8.29%	10.72%	13.03%	13.74%	13%
Return on Assets (ROA)	0.93%	0.86%	0.94%	1.22%	1.25%	0.88%	1%	0.99%	0.95%	0.99%
Net Interest Margin	3.39%	3.36%	3.62%	3.95%	3.97%	3.12%	2.71%	3.15%	3.34%	3.27%
Efficiency Ratio	68.23%	73.78%	69.97%	67.07%	65.64%	66.03%	67.17%	64.52%	54.96%	51.64%
Equity / Assets	10.1%	9.87%	10.62%	11.31%	11.61%	9.88%	8.77%	6.49%	7.4%	7.9%
Book Value / Share	17	17.56	19.13	20.55	22.5	24.03	24.76	18.58	21.57	23.79
NII Growth	3.07%	3.85%	8.3%	9.18%	6.11%	-3.76%	-0.34%	16.22%	7.07%	-1.17%
Dividend Payout	16.34%	22.95%	25.66%	23.41%	28%	38.67%	25.06%	30.61%	32.86%	30.86%

Frequently Asked Questions

Valuation & Price

Peoples Bancorp of North Carolina, Inc. (PEBK) has a price-to-earnings (P/E) ratio of 12.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Peoples Bancorp of North Carolina, Inc. (PEBK) grew revenue by 14.0% over the past year. This is steady growth.

Yes, Peoples Bancorp of North Carolina, Inc. (PEBK) is profitable, generating $16.8M in net income for fiscal year 2024 (16.7% net margin).

Dividend & Returns

Yes, Peoples Bancorp of North Carolina, Inc. (PEBK) pays a dividend with a yield of 2.48%. This makes it attractive for income-focused investors.

Peoples Bancorp of North Carolina, Inc. (PEBK) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.

Industry Metrics

Peoples Bancorp of North Carolina, Inc. (PEBK) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

Peoples Bancorp of North Carolina, Inc. (PEBK) has an efficiency ratio of 51.6%. This is excellent, indicating strong cost control.

US Stock Screener

...