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PEBK
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Peoples Bancorp Announces Fourth Quarter and Full Year 2024 Results

1. PEBK reported Q4 2024 net earnings of $3.6 million, up from $3.4 million. 2. Net interest margin increased to 3.39%, indicating improved profitability.

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+1.74%S&P 500
$30.3102/12 09:28 AM EDTEvent Start
$30.0102/13 03:59 PM EDTLatest Updated
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FAQ

Why Bullish?

Earnings growth and margin improvement can lead to higher investor confidence, similar to past performance spikes following earnings increases.

How important is it?

Earnings results are crucial for stock valuation, and consistent growth directly correlates with PEBK's market performance.

Why Short Term?

The positive earnings report is likely to influence investor sentiment quickly, as seen in previous earnings announcements causing immediate stock price reactions.

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PEBK
NEWTON, NC / ACCESS Newswire / February 12, 2025 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) (the "Company"), the parent company of Peoples Bank (the "Bank"), reported fourth quarter and full year 2024 results with highlights as follows: Fourth quarter 2024 highlights: Net earnings were $3.6 million or $0.67 per share and $0.65 per diluted share for the three months ended December 31, 2024, as compared to $3.4 million or $0.64 per share and $0.62 per diluted share for the same period one year ago. Net interest margin was 3.39% for the three months ended December 31, 2024, compared to 3.32% for three months ended December 31, 2023.

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