Peoples Bancorp of North Carolina, Inc. (PEBK)

PEBK Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	62.92	55.51	43.08	41.19	42.31
Interest Income on Investments	17.81	16.36	11.35	5.99	5.64
Total Interest Income	80.73	71.86	54.43	47.18	47.96
Interest Paid on Deposits	24.55	14.65	2.58	2.78	2.91
Interest Paid on Borrowings	2.1	2.5	0.74	0.42	0.93
Total Interest Expense	26.65	17.14	3.32	3.21	3.84
Net Interest Income	54.08	54.72	51.11	43.97	44.12
Net Interest Income Growth (YoY)	-1.17%	7.07%	16.22%	-0.34%	-3.76%
Mortgage Banking Activities	0.36	0.3	0.39	2.51	2.47
Gain (Loss) on Sale of Assets	-	0.18	-0.09	0.11	-
Gain (Loss) on Sale of Investments	0.01	-2.49	-	-	2.64
Other Non-Interest Income	27.35	24.92	26.38	22.29	17.85
Total Non-Interest Income	27.72	22.91	26.69	24.92	22.91
Non-Interest Income Growth (YoY)	20.95%	-14.14%	7.10%	8.75%	29.17%
Revenues Before Loan Losses	81.79	77.63	77.8	68.89	67.04
Provision for Loan Losses	-0.29	1.57	1.47	-1.16	4.26
Revenue	82.08	76.07	76.33	70.06	62.78
Revenue Growth (YoY)	7.90%	-0.34%	8.95%	11.60%	0.09%
Salaries and Employee Benefits	28.21	26.45	25.88	24.33	23.51
Federal Deposit Insurance	-	0.75	0.46	0.42	0.26
Selling, General & Administrative	8.69	10.62	10.91	10.4	10.33
Other Non-Interest Expense	24.26	18.33	18.78	15.99	14.83
Total Non-Interest Expense	61.15	56.14	56.03	51.13	48.93
EBT Excluding Unusual Items	20.93	19.92	20.3	18.93	13.85
Pretax Income	20.93	19.92	20.3	18.93	13.85
Income Tax Expense	4.58	4.38	4.17	3.8	2.49
Net Income	16.35	15.55	16.12	15.13	11.36
Net Income to Common	16.35	15.55	16.12	15.13	11.36
Net Income Growth	5.19%	-3.58%	6.54%	33.25%	-19.26%
Basic Shares Outstanding	5	5	5	6	6
Diluted Shares Outstanding	5	6	6	6	6
Shares Change (YoY)	-2.19%	-0.90%	-1.53%	-1.25%	-2.43%
EPS (Basic)	3.08	2.87	2.94	2.71	2.01
EPS (Diluted)	2.98	2.77	2.85	2.63	1.95
EPS Growth	7.58%	-2.81%	8.37%	34.87%	-17.37%
Dividend Per Share	0.760	0.760	0.720	0.660	0.600
Dividend Growth	0%	5.56%	9.09%	10.00%	7.14%
Effective Tax Rate	21.86%	21.97%	20.56%	20.05%	17.98%

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