PEOPLES BANCORP OF NORTH CAROLINA INC PEBK
Peoples Bancorp of North Carolina, Inc. (the "Company"), was formed in 1999 to serve as the holding company for Peoples Bank (the "Bank"). The Company is a bank holding company registered with the Board of Governors of the Federal Reserve System (the "Federal Reserve") under the Bank Holding Company Act of 1956, as amended (the "BHCA"). The Company's principal source of income is dividends declared and paid by the Bank on its capital stock, if any. The Company has no operations and conducts no business of its own other than owning the Bank and PEBK Capital Trust II. Accordingly, the discussion of the business which follows primarily concerns the business conducted by the Bank. Our principal executive offices are located at 518 West C Street, Newton, North Carolina, 28658, and our telephone number is (828) 464-5620.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.6M | $80.7M | $71.9M | $54.4M | $47.2M | $48.0M | $49.6M | $45.4M | $41.9M | $39.8M |
| Interest expense | $24.6M | $26.7M | $17.1M | $3.3M | $3.2M | $3.8M | $3.8M | $2.1M | $2.4M | $3.3M |
| Pre-tax income | $25.9M | $20.9M | $19.9M | $20.3M | $18.9M | $13.8M | $17.2M | $16.0M | $14.2M | $11.7M |
| Income tax | $6.0M | $4.6M | $4.4M | $4.2M | $3.8M | $2.5M | $3.1M | $2.6M | $3.9M | $2.6M |
| Net income | $19.8M | $16.4M | $15.5M | $16.1M | $15.1M | $11.4M | $14.1M | $13.4M | $10.3M | $9.2M |
| EPS, basic | 3.74 | 3.08 | 2.87 | 2.94 | 2.71 | 2.01 | 2.43 | 2.23 | 1.71 | 1.53 |
| EPS, diluted | 3.62 | 2.98 | 2.77 | 2.85 | 2.63 | 1.95 | 2.36 | 2.22 | 1.69 | 1.50 |
| Shares, diluted (wtd. avg.) | $5.5M | $5.5M | $5.6M | $5.7M | $5.7M | $5.8M | $6.0M | $6.0M | $6.1M | $6.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $58.1M | $59.3M | $82.4M | $71.6M | $277.5M | $161.6M | $52.4M | $43.4M | $57.3M | $70.1M |
| Property, plant and equipment | $14.2M | $14.8M | $16.7M | $18.2M | $16.1M | $18.6M | $18.6M | $18.4M | $19.9M | $16.5M |
| Total assets | $1.70B | $1.65B | $1.64B | $1.62B | $1.62B | $1.42B | $1.15B | $1.09B | $1.09B | $1.09B |
| Total liabilities | $1.55B | $1.52B | $1.51B | $1.52B | $1.48B | $1.28B | $1.02B | $969.6M | $976.2M | $980.6M |
| Retained earnings | $135.6M | $121.1M | $109.8M | $100.2M | $89.0M | $77.6M | $70.7M | $60.5M | $50.3M | $60.3M |
| Total equity | $157.1M | $130.6M | $121.0M | $105.2M | $142.4M | $139.9M | $134.1M | $123.6M | $116.0M | $107.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.4M | $20.6M | $22.8M | $22.6M | $26.9M | $9.2M | $13.2M | $17.2M | $18.6M | $12.2M |
| Depreciation and amortisation | $2.7M | $2.9M | $3.1M | $6.0M | $5.6M | $4.2M | $4.0M | $4.6M | $5.0M | $5.4M |
| Stock-based compensation | — | — | — | — | $181.0K | $27.0K | $270.0K | $85.0K | $592.0K | $932.0K |
| Capital expenditure | $1.4M | $587.0K | $1.9M | $4.6M | $484.0K | $2.5M | $2.8M | $1.7M | $5.6M | $1.6M |
| Investing cash flow | -$41.8M | -$42.6M | -$753.0K | -$256.0M | -$106.1M | -$149.0M | -$48.2M | -$18.6M | -$24.1M | -$23.6M |
| Financing cash flow | $19.3M | -$1.0M | -$11.2M | $27.5M | $195.2M | $249.0M | $44.0M | -$12.5M | -$7.3M | $41.7M |
| Dividends paid | $5.2M | $5.0M | $5.1M | $4.9M | $3.8M | $4.4M | $3.9M | $3.1M | $2.6M | $2.1M |
| Buybacks | $0 | $2.0M | $2.0M | $710.0K | $3.6M | $3.0M | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-002154.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |