Peoples Bancorp of North Carolina, Inc. (PEBK) Income Statement Analysis

See more : Sparta Commercial Services, Inc. (SRCO) Income Statement Analysis – Financial Results

Complete financial analysis of Peoples Bancorp of North Carolina, Inc. (PEBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Peoples Bancorp of North Carolina, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Peoples Bancorp of North Carolina, Inc. (PEBK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.peoplesbanknc.com

About Peoples Bancorp of North Carolina, Inc.

Peoples Bancorp of North Carolina, Inc. operates as the bank holding company for Peoples Bank that provides various commercial and consumer banking products and services to individuals and small to medium-sized businesses. It offers checking, savings, money market, and time deposits; demand deposits; and certificates of deposit, as well as borrowed funds. The company's loan products comprise commercial real estate, commercial, construction and land development, single-family residential, residential mortgage, and individual taxpayer identification number mortgage loans, as well as agricultural loans. It also provides investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities, and related brokerage services; and real estate appraisal and brokerage services. In addition, the company operates as a clearing-house for the provision of appraisal services for community banks; and acquires, manages, and disposes real property, other collateral, and other assets obtained in the ordinary course of collecting debts, as well as offers insurance agency services. As of December 31, 2021, it operated 17 banking offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, Charlotte, Cornelius, Mooresville, Raleigh, and Cary, North Carolina. The company also operates loan production offices in Charlotte, Denver, Salisbury, and Winston-Salem, North Carolina. Peoples Bancorp of North Carolina, Inc. was founded in 1912 and is headquartered in Newton, North Carolina.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	76.07M	1.14M	61.78M	61.76M	60.16M	56.91M	52.41M	50.51M	48.49M	46.30M	44.00M	44.09M	48.97M	47.51M	44.67M	43.29M	42.96M	39.84M	34.64M	29.98M	28.03M	27.34M	27.13M	25.34M	20.89M	18.30M	14.40M	11.70M	10.50M	8.60M	8.10M	7.20M	7.00M	6.60M	0.00	0.00	0.00	0.00	0.00
Cost of Revenue	-18.71M	0.00	0.00	0.00	0.00	1.54M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	94.78M	1.14M	61.78M	61.76M	60.16M	55.37M	52.41M	50.51M	48.49M	46.30M	44.00M	44.09M	48.97M	47.51M	44.67M	43.29M	42.96M	39.84M	34.64M	29.98M	28.03M	27.34M	27.13M	25.34M	20.89M	18.30M	14.40M	11.70M	10.50M	8.60M	8.10M	7.20M	7.00M	6.60M	0.00	0.00	0.00	0.00	0.00
Gross Profit Ratio	124.60%	100.00%	100.00%	100.00%	100.00%	97.30%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	27.39M	26.13M	24.51M	23.54M	23.24M	21.53M	20.06M	19.26M	18.29M	17.53M	16.85M	16.43M	14.77M	14.12M	14.76M	15.19M	13.89M	11.79M	12.35M	11.48M	10.10M	9.57M	9.12M	8.90M	7.74M	6.40M	4.70M	4.20M	3.70M	3.20M	2.90M	2.60M	2.60M	1.80M	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	750.00K	693.00K	536.00K	787.00K	1.02M	922.00K	1.20M	1.14M	784.00K	804.00K	685.00K	695.00K	0.00	0.00	0.00	1.08M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	200.00K	200.00K	200.00K	0.00	200.00K	100.00K	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	37.07M	26.13M	24.51M	23.54M	23.24M	21.53M	20.06M	19.26M	18.29M	17.53M	16.85M	16.43M	14.77M	14.12M	14.76M	16.27M	13.89M	11.79M	12.35M	11.48M	10.10M	9.57M	9.12M	8.90M	7.74M	6.40M	4.70M	4.40M	3.90M	3.40M	2.90M	2.80M	2.70M	1.80M	0.00	0.00	0.00	0.00	0.00
Other Expenses	0.00	-3.65M	-67.36M	-71.45M	-66.20M	-62.07M	-55.88M	-54.77M	-50.56M	-48.22M	-46.92M	-45.44M	144.00K	291.00K	-37.99M	-26.43M	-14.33M	-14.17M	-21.85M	-22.46M	-22.32M	-15.98M	-6.39M	-6.86M	-7.20M	-4.40M	-4.40M	-4.80M	-5.00M	-6.00M	-4.20M	-3.00M	-800.00K	1.90M	1.30M	1.40M	1.70M	1.30M	900.00K
Operating Expenses	37.07M	22.48M	-42.85M	-47.92M	-42.96M	-37.22M	-35.82M	-35.51M	-32.28M	-30.69M	-30.07M	-29.01M	14.91M	14.42M	-23.23M	-10.16M	-445.94K	-2.39M	-9.50M	-10.98M	-12.22M	-6.41M	2.73M	2.04M	533.77K	2.00M	300.00K	-400.00K	-1.10M	-2.60M	-1.30M	-200.00K	1.90M	3.70M	1.30M	1.40M	1.70M	1.30M	900.00K
Cost & Expenses	37.07M	22.48M	-42.85M	-47.92M	-42.96M	-37.22M	-35.82M	-35.51M	-32.28M	-30.69M	-30.07M	-29.01M	14.91M	14.42M	-23.23M	-10.16M	-445.94K	-2.39M	-9.50M	-10.98M	-12.22M	-6.41M	2.73M	2.04M	533.77K	2.00M	300.00K	-400.00K	-1.10M	-2.60M	-1.30M	-200.00K	1.90M	3.70M	1.30M	1.40M	1.70M	1.30M	900.00K
Interest Income	71.86M	54.43M	47.18M	47.96M	49.60M	45.35M	41.95M	39.81M	38.67M	38.42M	36.70M	39.25M	45.26M	47.68M	50.04M	56.32M	61.73M	55.39M	43.37M	36.25M	34.85M	36.62M	41.90M	40.86M	32.30M	29.20M	24.00M	19.10M	16.40M	12.70M	10.90M	11.10M	13.10M	14.00M	0.00	0.00	0.00	0.00	0.00
Interest Expense	17.14M	3.32M	3.21M	3.84M	3.76M	2.15M	2.38M	3.27M	3.48M	4.29M	5.35M	7.70M	10.95M	14.35M	17.19M	23.53M	27.58M	23.11M	15.43M	12.33M	12.75M	15.78M	23.03M	19.43M	14.79M	14.50M	11.20M	8.60M	7.00M	4.90M	4.50M	5.10M	7.20M	8.50M	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	3.13M	6.03M	5.57M	4.18M	3.96M	4.57M	5.02M	5.42M	6.05M	6.89M	8.45M	8.88M	6.23M	4.97M	2.93M	1.68M	1.54M	2.06M	1.62M	1.54M	1.96M	1.69M	1.58M	1.53M	1.79M	1.60M	1.30M	1.20M	900.00K	600.00K	400.00K	300.00K	200.00K	100.00K	0.00	0.00	0.00	0.00	0.00
EBITDA	0.00	26.33M	24.50M	16.83M	21.17M	20.58M	19.23M	17.16M	18.79M	18.21M	17.02M	16.26M	8.62M	0.00	12.75M	16.55M	0.00	19.55M	14.10M	10.57M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.30M	1.40M	1.70M	1.30M	900.00K
EBITDA Ratio	0.00%	2,603.07%	39.65%	29.19%	35.18%	39.93%	41.23%	40.45%	45.92%	48.60%	50.86%	54.33%	48.59%	44.52%	54.56%	80.41%	102.55%	99.17%	77.26%	68.52%	63.40%	82.71%	115.90%	114.11%	111.15%	119.67%	111.11%	106.84%	98.10%	76.74%	88.89%	101.39%	130.00%	157.58%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Income	39.00M	23.62M	18.93M	13.85M	17.20M	18.15M	16.59M	15.01M	16.22M	15.61M	13.92M	15.08M	17.57M	16.18M	21.44M	33.13M	42.52M	37.45M	25.14M	19.00M	15.81M	20.92M	29.86M	27.39M	21.43M	20.30M	14.70M	11.30M	9.40M	6.00M	6.80M	7.00M	8.90M	10.30M	1.30M	1.40M	1.70M	1.30M	900.00K
Operating Income Ratio	51.27%	2,073.57%	30.64%	22.42%	28.59%	31.90%	31.66%	29.71%	33.44%	33.72%	31.65%	34.20%	35.88%	34.05%	48.00%	76.53%	98.96%	94.01%	72.58%	63.38%	56.39%	76.54%	110.06%	108.07%	102.55%	110.93%	102.08%	96.58%	89.52%	69.77%	83.95%	97.22%	127.14%	156.06%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Other Income/Expenses	-19.08M	-19.24M	-16.40M	-2.98M	-12.40M	-11.43M	-12.04M	-12.64M	-8.95M	-8.82M	-8.52M	-8.88M	-144.00K	-291.00K	-1.22M	-300.00K	-430.00K	-5.65M	-37.81K	0.00	-12.75M	-15.78M	-23.03M	-19.43M	-14.79M	-14.50M	-11.20M	-8.60M	-7.00M	-4.90M	-4.70M	-5.10M	-7.20M	-8.50M	0.00	0.00	0.00	0.00	0.00
Income Before Tax	19.92M	20.30M	18.93M	13.85M	17.20M	16.01M	14.27M	11.74M	12.73M	11.33M	8.57M	7.38M	6.62M	1.83M	4.26M	9.60M	14.93M	14.34M	9.71M	6.66M	3.06M	5.15M	6.84M	7.95M	6.64M	5.80M	3.50M	2.70M	2.40M	1.10M	2.10M	1.90M	1.70M	1.80M	0.00	0.00	0.00	0.00	0.00
Income Before Tax Ratio	26.19%	1,781.83%	30.64%	22.42%	28.59%	28.13%	27.22%	23.24%	26.26%	24.46%	19.48%	16.74%	13.52%	3.85%	9.52%	22.18%	34.75%	36.00%	28.04%	22.23%	10.91%	18.83%	25.20%	31.39%	31.76%	31.69%	24.31%	23.08%	22.86%	12.79%	25.93%	26.39%	24.29%	27.27%	0.00%	0.00%	0.00%	0.00%	0.00%
Income Tax Expense	4.38M	4.17M	3.80M	2.49M	3.14M	2.62M	4.00M	2.56M	3.10M	1.94M	1.88M	1.59M	1.46M	-11.00K	1.34M	3.21M	5.34M	5.17M	3.38M	2.23M	1.06M	1.71M	2.26M	2.58M	2.09M	1.80M	1.10M	700.00K	700.00K	100.00K	400.00K	300.00K	300.00K	400.00K	-1.30M	-1.40M	-1.70M	-1.30M	-900.00K
Net Income	15.55M	16.12M	15.13M	11.36M	14.07M	13.38M	10.27M	9.18M	9.63M	9.39M	6.69M	5.79M	5.16M	1.84M	2.92M	6.39M	9.59M	9.17M	6.33M	4.43M	2.00M	3.44M	4.58M	5.38M	4.54M	4.00M	2.40M	2.00M	1.70M	1.00M	1.90M	1.60M	1.40M	1.40M	1.30M	1.40M	1.70M	1.30M	900.00K
Net Income Ratio	20.44%	1,415.54%	24.49%	18.39%	23.38%	23.51%	19.59%	18.17%	19.86%	20.28%	15.21%	13.14%	10.54%	3.88%	6.53%	14.76%	22.33%	23.02%	18.28%	14.78%	7.15%	12.57%	16.86%	21.22%	21.74%	21.86%	16.67%	17.09%	16.19%	11.63%	23.46%	22.22%	20.00%	21.21%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS	2.87	2.94	2.71	2.01	2.37	2.23	1.71	1.53	1.57	1.52	0.98	0.78	0.62	0.07	0.27	1.04	1.53	0.98	0.92	0.39	0.32	0.55	0.71	0.84	0.64	0.44	0.16	0.12	0.09	0.05	0.09	0.07	0.06	0.05	0.23	0.25	0.33	0.26	0.18
EPS Diluted	2.77	2.85	2.63	1.95	2.36	2.22	1.69	1.50	1.56	1.51	0.97	0.78	0.62	0.07	0.27	1.03	1.50	0.96	0.90	0.39	0.32	0.55	0.71	0.84	0.64	0.44	0.16	0.12	0.09	0.05	0.09	0.07	0.06	0.05	0.23	0.25	0.33	0.26	0.18
Weighted Avg Shares Out	5.42M	5.48M	5.58M	5.66M	5.94M	6.00M	5.99M	6.02M	6.13M	6.18M	6.15M	6.12M	6.10M	6.09M	6.09M	6.15M	6.27M	6.25M	6.88M	6.29M	6.25M	6.29M	6.43M	6.43M	7.07M	6.43M	5.60M	5.60M	5.60M	5.60M	5.60M	5.61M	5.60M	5.60M	5.60M	5.60M	5.10M	5.10M	5.10M
Weighted Avg Shares Out (Dil)	5.61M	5.66M	5.75M	5.82M	5.97M	6.02M	6.06M	6.10M	6.16M	6.22M	6.20M	6.12M	6.10M	6.10M	6.10M	6.21M	6.39M	6.41M	7.01M	6.35M	6.35M	6.29M	6.46M	6.43M	7.07M	6.43M	5.60M	5.60M	5.60M	5.60M	5.60M	5.61M	5.60M	5.60M	5.60M	5.60M	5.10M	5.10M	5.10M

Peoples Bancorp Announces First Quarter Earnings Results

April 19, 2021accesswire.com

NEWTON, NC / ACCESSWIRE / April 19, 2021 / Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK), the parent company of Peoples Bank, reported first quarter earnings results with highlights as follows: First quarter highlights: Net earnings were $4.1 million or...