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Peoples Bancorp of North Carolina, Inc. reported net earnings of $19.8 million for fiscal year 2025, an increase from $16.4 million in 2024. This improvement was primarily driven by a $4.9 million increase in net interest income, which reached $59.0 million, and a $3.3 million increase in non-interest income, totaling $31.0 million. These gains were partially offset by a $2.1 million increase in non-interest expense to $63.2 million and a shift from a $285,000 recovery of credit losses in 2024 to a $938,000 provision expense in 2025. The company's total assets grew to $1.70 billion, with loans increasing to $1.20 billion and total deposits reaching $1.51 billion. Return on average assets improved to 1.17% from 0.99%, while return on average shareholders' equity increased to 13.33% from 12.59%. The company maintained a strong capital position, with total risk-based capital ratio of 15.82% and Tier 1 leverage ratio of 11.33%.
EPS
$3.74
Revenue
$114.6M
Net Income
$19.8M
operating margin
22.6%