Peoples Bancorp of North Carolina Q2 FY26 net earnings flat at $5.2 million; net interest income rises to $16 million

• Peoples Bancorp of North Carolina posted Q2 net earnings of $5.2 million, or $0.98 a share, up from $0.97 a year earlier.
• Net interest income rose to $16 million, driven by higher loan interest income; interest expense fell to $5.6 million on lower deposit rates.
• Provision for credit losses swung to a $293,000 expense from a $213,000 recovery, reflecting loan growth and higher net charge-offs.
• Non-interest income slipped to $7.1 million on a $929,000 drop in appraisal management fees, while non-interest expense increased to $16.1 million.
• Total loans climbed to $1.28 billion at June 30, while deposits increased to $1.57 billion; estimated uninsured deposits were $336.5 million, or 21.47%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peoples Bancorp of North Carolina Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-007234), on August 04, 2026, and is solely responsible for the information contained therein.