Peoples Bancorp of North Carolina, Inc. (PEBK)

PEBK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	61.62	55.51	43.08	41.19	42.31	43.3
Interest Income on Investments	17.88	16.36	11.35	5.99	5.64	6.3
Total Interest Income	79.5	71.86	54.43	47.18	47.96	49.6
Interest Paid on Deposits	23.4	14.65	2.58	2.78	2.91	2.51
Interest Paid on Borrowings	2.56	2.5	0.74	0.42	0.93	1.25
Total Interest Expense	25.96	17.14	3.32	3.21	3.84	3.76
Net Interest Income	53.54	54.72	51.11	43.97	44.12	45.84
Net Interest Income Growth (YoY)	-5.66%	7.07%	16.22%	-0.34%	-3.76%	6.11%
Mortgage Banking Activities	0.36	0.3	0.39	2.51	2.47	1.26
Gain (Loss) on Sale of Assets	0.18	0.18	-0.09	0.11	-	-0.24
Gain (Loss) on Sale of Investments	0.01	-2.49	-	-	2.64	0.23
Other Non-Interest Income	26.23	24.92	26.38	22.29	17.85	16.5
Total Non-Interest Income	26.78	22.91	26.69	24.92	22.91	17.74
Non-Interest Income Growth (YoY)	20.05%	-14.14%	7.10%	8.75%	29.17%	9.73%
Revenues Before Loan Losses	80.32	77.63	77.8	68.89	67.04	63.58
Provision for Loan Losses	0.33	1.57	1.47	-1.16	4.26	0.86
Revenue	80	76.07	76.33	70.06	62.78	62.72
Revenue Growth (YoY)	3.47%	-0.34%	8.95%	11.60%	0.09%	7.07%
Salaries and Employee Benefits	27.26	26.45	25.88	24.33	23.51	22.97
Federal Deposit Insurance	0.76	0.75	0.46	0.42	0.26	0.12
Selling, General & Administrative	11.39	10.62	10.91	10.4	10.33	10.15
Other Non-Interest Expense	19.46	18.33	18.78	15.99	14.83	12.29
Total Non-Interest Expense	58.87	56.14	56.03	51.13	48.93	45.52
EBT Excluding Unusual Items	21.13	19.92	20.3	18.93	13.85	17.2
Pretax Income	20.76	19.92	20.3	18.93	13.85	17.2
Income Tax Expense	4.53	4.38	4.17	3.8	2.49	3.14
Net Income	16.23	15.55	16.12	15.13	11.36	14.07
Net Income to Common	16.23	15.55	16.12	15.13	11.36	14.07
Net Income Growth	-0.12%	-3.58%	6.54%	33.25%	-19.26%	5.12%
Basic Shares Outstanding	5	5	5	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	-2.40%	-0.90%	-1.53%	-1.25%	-2.43%	-0.81%
EPS (Basic)	3.05	2.87	2.94	2.71	2.01	2.43
EPS (Diluted)	2.95	2.77	2.85	2.63	1.95	2.36
EPS Growth	1.99%	-2.81%	8.37%	34.87%	-17.37%	6.31%
Dividend Per Share	0.760	0.760	0.720	0.660	0.600	0.560
Dividend Growth	1.33%	5.56%	9.09%	10.00%	7.14%	7.69%
Effective Tax Rate	21.82%	21.97%	20.56%	20.05%	17.98%	18.23%

Source: S&P Capital IQ. Banks template. Financial Sources.