Declared Dividend • May 25
Dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 3rd June 2026 Payment date: 15th June 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 23
Peoples Bancorp of North Carolina, Inc. announces Quarterly dividend, payable on June 15, 2026 Peoples Bancorp of North Carolina, Inc. announced Quarterly dividend of USD 0.2100 per share payable on June 15, 2026, ex-date on June 03, 2026 and record date on June 03, 2026. Announcement • Mar 26
Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 07, 2026 Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 07, 2026. Announcement • Jan 24
Peoples Bancorp of North Carolina, Inc Announces Special Cash Dividend, Payable on February 13, 2026 The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced the declaration of a special cash dividend in the amount of $0.17 per share. The special cash dividend will be paid on February 13, 2026 to shareholders of record on February 4, 2026. Announcement • Jun 30
Peoples Bancorp of North Carolina, Inc.(NasdaqGM:PEBK) dropped from Russell 2000 Dynamic Index Peoples Bancorp of North Carolina, Inc.(NasdaqGM:PEBK) dropped from Russell 2000 Dynamic Index Announcement • Mar 27
Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 01, 2025 Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 01, 2025. Announcement • Mar 14
Peoples Bancorp of North Carolina, Inc. (NasdaqGM:PEBK) announces an Equity Buyback for $3 million worth of its shares. Peoples Bancorp of North Carolina, Inc. (NasdaqGM:PEBK) announced a share repurchase program. Under the program, the company will repurchase up to $3 million worth of its shares. Announcement • Feb 22
Peoples Bancorp of North Carolina, Inc. Declares Cash Dividend for the First Quarter of 2025, Payable on March 14, 2025 The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC declared the Company’s regular cash dividend for the first quarter of 2025 in the amount of $0.20 per share. The first quarter cash dividend will be paid on March 14, 2025 to shareholders of record on March 3, 2025. Announcement • Jan 17
Peoples Bancorp Announces Special Cash Dividend, Payable on February 14, 2025 The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced the declaration of a special cash dividend in the amount of $0.16 per share. The special cash dividend will be paid on February 14, 2025 to shareholders of record on February 3, 2025. Announcement • Nov 22
Peoples Bancorp of North Carolina, Inc. Declares Cash Dividend for the Fourth Quarter of 2024, Payable on December 13, 2024 Peoples Bancorp of North Carolina, Inc., Newton, NC declared the Company’s regular cash dividend for the fourth quarter of 2024 in the amount of $0.19 per share. The fourth quarter cash dividend will be paid on December 13, 2024 to shareholders of record on December 3, 2024. Announcement • Aug 19
Peoples Bancorp of North Carolina, Inc. Declares Cash Dividend for the Third Quarter of 2024, Payable on September 13, 2024 The board of directors of Peoples Bancorp of North Carolina, Inc. declared the company’s regular cash dividend for the third quarter of 2024 in the amount of $0.19 per share. The third quarter cash dividend will be paid on September 13, 2024 to shareholders of record on September 3, 2024. Announcement • Jun 25
Peoples Bancorp of North Carolina, Inc. (NasdaqGM:PEBK) announces an Equity Buyback for $2 million worth of its shares. Peoples Bancorp of North Carolina, Inc. (NasdaqGM:PEBK) announces a share repurchase program. Under the program, the company will repurchase up to $2 million worth of its shares. Declared Dividend • May 23
Dividend of US$0.19 announced Dividend of US$0.19 is the same as last year. Ex-date: 3rd June 2024 Payment date: 14th June 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 18
Peoples Bancorp of North Carolina, Inc. Announces Cash Dividend for the Second Quarter of 2024, Payable on June 14, 2024 The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared the Company’s regular cash dividend for the second quarter of 2024 in the amount of $0.19 per share. The second quarter cash dividend will be paid on June 14, 2024 to shareholders of record on June 3, 2024. Recent Insider Transactions • May 08
Independent Vice Chairman of the Board recently sold US$62k worth of stock On the 3rd of May, James Abernethy sold around 2k shares on-market at roughly US$31.19 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by US$171k. Recent Insider Transactions Derivative • May 06
Independent Vice Chairman of the Board notifies of intention to sell stock James Abernethy intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of May. If the sale is conducted around the recent share price of US$30.84, it would amount to US$62k. Since September 2023, James' direct individual holding has decreased from 205.42k shares to 124.00k. Company insiders have collectively sold US$41k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.74 (vs US$0.58 in 1Q 2023) First quarter 2024 results: EPS: US$0.74 (up from US$0.58 in 1Q 2023). Revenue: US$19.3m (up 8.6% from 1Q 2023). Net income: US$3.95m (up 25% from 1Q 2023). Profit margin: 21% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 28
Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 02, 2024 Peoples Bancorp of North Carolina, Inc., Annual General Meeting, May 02, 2024, at 11:00 US Eastern Standard Time. Agenda: To elect 11 persons to serve as members of the board of directors until the 2025 annual meeting of shareholders or until their successors are duly elected and qualified; To ratify the appointment of forvis, llp as the company’s independent registered public accounting firm for the fiscal year ending december 31, 2024. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$2.87 (vs US$2.94 in FY 2022) Full year 2023 results: EPS: US$2.87 (down from US$2.94 in FY 2022). Revenue: US$76.1m (flat on FY 2022). Net income: US$15.5m (down 3.6% from FY 2022). Profit margin: 20% (in line with FY 2022). Net interest margin (NIM): 3.51% (up from 3.22% in FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 28
Dividend of US$0.19 announced Shareholders will receive a dividend of US$0.19. Ex-date: 1st March 2024 Payment date: 15th March 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Jan 26
Dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 23
Full year 2023 earnings released: EPS: US$2.87 (vs US$2.94 in FY 2022) Full year 2023 results: EPS: US$2.87 (down from US$2.94 in FY 2022). Revenue: US$76.1m (flat on FY 2022). Net income: US$15.5m (down 3.6% from FY 2022). Profit margin: 20% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Announcement • Jan 23
Peoples Bancorp Announces Special Cash Dividend, Payable on February 16, 2024 The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced the declaration of a special cash dividend in the amount of $0.16 per share. The special cash dividend will be paid on February 16, 2024 to shareholders of record on February 5, 2024. Recent Insider Transactions • Dec 07
Independent Vice Chairman of the Board recently sold US$108k worth of stock On the 4th of December, James Abernethy sold around 4k shares on-market at roughly US$27.12 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 06
Independent Vice Chairman of the Board notifies of intention to sell stock James Abernethy intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of December. If the sale is conducted around the recent share price of US$26.80, it would amount to US$54k. Since December 2022, James' direct individual holding has increased from 138.98k shares to 205.42k. Company insiders have collectively sold US$244k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.19 per share at 3.4% yield Eligible shareholders must have bought the stock before 01 December 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (5.0%). In line with average of industry peers (3.6%). Announcement • Nov 18
Peoples Bancorp of North Carolina, Inc. Declares Regular Cash Dividend for the Fourth Quarter of 2023, Payable on December 15, 2023 The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC declared the Company’s regular cash dividend for the fourth quarter of 2023 in the amount of $0.19 per share. The fourth quarter cash dividend will be paid on December 15, 2023 to shareholders of record on December 4, 2023. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.76 (vs US$0.97 in 3Q 2022) Third quarter 2023 results: EPS: US$0.76 (down from US$0.97 in 3Q 2022). Revenue: US$19.6m (down 3.1% from 3Q 2022). Net income: US$4.13m (down 22% from 3Q 2022). Profit margin: 21% (down from 26% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.19 per share at 4.5% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of American dividend payers (4.9%). Higher than average of industry peers (3.7%). Announcement • Aug 22
Peoples Bancorp of North Carolina, Inc. Declares Regular Cash Dividend for the Third Quarter of 2023, Payable on September 15, 2023 The Board of Directors of Peoples Bancorp of North Carolina, Inc., Newton, NC declared the Company’s regular cash dividend for the third quarter of 2023 in the amount of $0.19 per share. The third quarter cash dividend will be paid on September 15, 2023 to shareholders of record on September 5, 2023. New Risk • Aug 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$86k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (US$86k sold). Reported Earnings • Jul 24
Second quarter 2023 earnings released: EPS: US$0.88 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$0.88 (up from US$0.59 in 2Q 2022). Revenue: US$19.8m (up 8.4% from 2Q 2022). Net income: US$4.81m (up 50% from 2Q 2022). Profit margin: 24% (up from 18% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$20.42, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 8x in the Banks industry in the US. Total returns to shareholders of 16% over the past three years. Upcoming Dividend • May 25
Upcoming dividend of US$0.19 per share at 5.2% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$17.35, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 8x in the Banks industry in the US. Total returns to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$23.71, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 8x in the Banks industry in the US. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: US$2.94 (vs US$2.71 in FY 2021) Full year 2022 results: EPS: US$2.94 (up from US$2.71 in FY 2021). Revenue: US$76.3m (up 8.9% from FY 2021). Net income: US$16.1m (up 6.5% from FY 2021). Profit margin: 21% (in line with FY 2021). Net interest margin (NIM): 3.22% (up from 2.99% in FY 2021). Non-performing loans: 0.36% (down from 0.37% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Buying Opportunity • Mar 13
Now 20% undervalued Over the last 90 days, the stock is up 5.8%. The fair value is estimated to be US$40.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 9.3%. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.19 per share at 2.2% yield Eligible shareholders must have bought the stock before 02 March 2023. Payment date: 15 March 2023. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.0%). Announcement • Feb 18
Peoples Bancorp of North Carolina, Inc. Announces First Quarter Cash Dividend, Payable on March 15, 2023 The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared the company’s regular cash dividend for the first quarter of 2023 in the amount of $0.19 per share. The first quarter cash dividend will be paid on March 15, 2023 to shareholders of record on March 3, 2023. Recent Insider Transactions • Feb 05
Independent Director recently sold US$325k worth of stock On the 2nd of February, William Terry sold around 10k shares on-market at roughly US$32.50 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$749k more than they bought in the last 12 months. Upcoming Dividend • Jan 26
Upcoming dividend of US$0.15 per share at 2.2% yield Eligible shareholders must have bought the stock before 02 February 2023. Payment date: 15 February 2023. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.0%). Reported Earnings • Jan 23
Full year 2022 earnings released: EPS: US$2.94 (vs US$2.71 in FY 2021) Full year 2022 results: EPS: US$2.94 (up from US$2.71 in FY 2021). Revenue: US$76.3m (up 8.9% from FY 2021). Net income: US$16.1m (up 6.5% from FY 2021). Profit margin: 21% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Announcement • Jan 21
Peoples Bancorp of North Carolina, Inc. Announces Special Cash Dividend, Payable on February 15, 2023 The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced the declaration of a special cash dividend in the amount of $0.15 per share. The special cash dividend will be paid on February 15, 2023 to shareholders of record on February 3, 2023. Buying Opportunity • Jan 19
Now 20% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be US$40.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 6.2%. Upcoming Dividend • Nov 24
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 01 December 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (2.9%). Announcement • Nov 19
Peoples Bancorp of North Carolina, Inc. Declares Regular Cash Dividend for the Fourth Quarter of 2022, Payable on December 15, 2022 The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared regular cash dividend for the fourth quarter of 2022 in the amount of $0.18 per share. The fourth quarter cash dividend will be paid on December 15, 2022 to shareholders of record on December 2, 2022. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 10 highly experienced directors. Executive VP, Chief Banking Support Officer & Director Kim Leaks was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 30
Independent Vice Chairman of the Board recently sold US$88k worth of stock On the 28th of October, James Abernethy sold around 3k shares on-market at roughly US$27.50 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by US$241k. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: US$0.96 (vs US$0.61 in 3Q 2021) Third quarter 2022 results: EPS: US$0.96 (up from US$0.61 in 3Q 2021). Revenue: US$20.2m (up 20% from 3Q 2021). Net income: US$5.31m (up 56% from 3Q 2021). Profit margin: 26% (up from 20% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (3.1%). Announcement • Aug 20
Peoples Bancorp of North Carolina, Inc. Announces Cash Dividend for the Third Quarter of 2022, Payable on September 15, 2022 The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared the company’s regular cash dividend for the third quarter of 2022 in the amount of $0.18 per share. The third quarter cash dividend will be paid on September 15, 2022 to shareholders of record on September 2, 2022. Reported Earnings • Jul 26
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.82 in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (down from US$0.82 in 2Q 2021). Revenue: US$18.3m (up 1.8% from 2Q 2021). Net income: US$3.22m (down 30% from 2Q 2021). Profit margin: 18% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Upcoming Dividend • May 26
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.0%). In line with average of industry peers (2.9%). Announcement • May 24
Peoples Bancorp of North Carolina, Inc. Declares Regular Cash Dividend for the Second Quarter of 2022, Payable on June 15, 2022 The Board of Directors of Peoples Bancorp of North Carolina, Inc. declared the Company’s regular cash dividend for the second quarter of 2022 in the amount of $0.18 per share. The second quarter cash dividend will be paid on June 15, 2022 to shareholders of record on June 3, 2022. Recent Insider Transactions • May 19
Executive VP recently sold US$201k worth of stock On the 17th of May, William Cable sold around 8k shares on-market at roughly US$26.05 per share. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.73 in 1Q 2021) First quarter 2022 results: EPS: US$0.63 (down from US$0.73 in 1Q 2021). Revenue: US$17.6m (up 1.2% from 1Q 2021). Net income: US$3.45m (down 16% from 1Q 2021). Profit margin: 20% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 10 highly experienced directors. Executive VP, Chief Banking Support Officer & Director Kim Boyd-Leaks was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.18 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 15 March 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%). Reported Earnings • Jan 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.71 (up from US$1.96 in FY 2020). Revenue: US$70.1m (up 12% from FY 2020). Net income: US$15.1m (up 33% from FY 2020). Profit margin: 22% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Upcoming Dividend • Jan 27
Upcoming dividend of US$0.15 per share Eligible shareholders must have bought the stock before 03 February 2022. Payment date: 16 February 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (3.6%). In line with average of industry peers (2.3%). Announcement • Jan 22
Peoples Bancorp Announces Special Cash Dividend, Payable on February 16, 2022 The Board of Directors of Peoples Bancorp of North Carolina, Inc. announced the declaration of a special cash dividend in the amount of $0.15 per share. The special cash dividend will be paid on February 16, 2022 to shareholders of record on February 4, 2022. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 10 highly experienced directors. Executive VP, Chief Banking Support Officer & Director Kim Boyd-Leaks was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Executive VP, Chief Banking Support Officer & Director Kim Boyd-Leaks was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.78 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$16.8m (down 4.3% from 3Q 2020). Net income: US$3.39m (down 25% from 3Q 2020). Profit margin: 20% (down from 26% in 3Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Aug 26
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 15 September 2021. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (3.5%). In line with average of industry peers (2.3%). Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.44 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$17.9m (up 23% from 2Q 2020). Net income: US$4.62m (up 80% from 2Q 2020). Profit margin: 26% (up from 18% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 26
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 15 June 2021. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (3.5%). Higher than average of industry peers (2.2%). Announcement • May 22
Peoples Bancorp of North Carolina, Inc. Declares Regular Cash Dividend for the Second Quarter of 2021, Payable on June 15, 2021 Peoples Bancorp of North Carolina, Inc. declared regular cash dividend for the second quarter of 2021 in the amount of $0.16 per share. The second quarter cash dividend will be paid on June 15, 2021 to shareholders of record on June 3, 2021. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$0.71 (vs US$0.40 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$17.4m (up 22% from 1Q 2020). Net income: US$4.12m (up 74% from 1Q 2020). Profit margin: 24% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS US$0.71 (vs US$0.40 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$17.4m (up 22% from 1Q 2020). Net income: US$4.12m (up 74% from 1Q 2020). Profit margin: 24% (up from 17% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 20
Peoples Bancorp of North Carolina, Inc. Reports Charge-Offs for the First Quarter Ended March 31, 2021 Peoples Bancorp of North Carolina, Inc. reported charge-offs for the first quarter ended March 31, 2021. For the quarter, the company reported charge-offs of $85,000 against $210,000 a year ago. Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: US$62.8m (flat on FY 2019). Net income: US$11.4m (down 19% from FY 2019). Profit margin: 18% (down from 22% in FY 2019). Net interest margin (NIM): 3.52% (down from 4.42% in FY 2019). Non-performing loans: 0.40% (down from 0.42% in FY 2019). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.