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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%, improving profitability compared to last year.

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FAQ

Why Bullish?

Earnings growth and improved net interest margin indicate strong operational performance. Similar past earnings beats have boosted PEBK stock.

How important is it?

Quarterly earnings reports are critical indicators of financial health, impacting investor confidence. The earnings growth suggests stability and potential for future growth.

Why Short Term?

Positive quarterly results likely to influence investor sentiment and stock price in the near term. Typically, strong quarterly performances manifest immediate market 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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