Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 518 W C St, 518 WEST C STREET NEWTON NC 28658-4007 |
Tel: | 1-828-4645620 |
Website: | N/A |
IR: | N/A |
Key People | ||
Lance A. Sellers President, Chief Executive Officer | Jeffrey N. Hooper Chief Financial Officer, Executive Vice President, Corporate Treasurer, Assistant Corporate Secretary of the Company and Executive Vice President, Chief Financial Officer of the Bank | William D. Cable Executive Vice President, Assistant Corporate Treasurer, Corporate Secretary of the Company and Executive Vice President and Chief Operating Officer of the Bank |
Kimberly Boyd-Leaks Executive Vice President and Chief Banking Support Officer of the Company and the Bank, Director | James O. Perry Executive Vice President and Chief Retail Officer of the Bank | Timothy P. Turner Executive Vice President and Chief Credit Officer of the Bank |
Business Overview |
Peoples Bancorp of North Carolina, Inc. serves as the holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank. The Bank has a diversified loan portfolio, with no foreign loans and few agricultural loans. The Bank's loan portfolio also includes Individual Taxpayer Identification Number (ITIN) mortgage loans generated through its former Banco offices. It has four subsidiaries, such as Peoples Investment Services, Inc., Real Estate Advisory Services, Inc., Community Bank Real Estate Solutions, LLC (CBRES) and PB Real Estate Holdings, LLC. Peoples Investment Services, Inc. provides the Bank's customers access to investment counseling and non-deposit investment products. Real Estate Advisory Services, Inc. provides real estate appraisal and real estate brokerage services. CBRES serves as a clearinghouse for appraisal services for community banks. PB Real Estate Holdings, LLC acquires, manages, and disposes of real property, other collateral, and assets. |
Financial Overview |
For the fiscal year ended 31 December 2023, Peoples Bancorp of North Carolina, Inc. interest income increased 32% to $71.9M. Net interest income after loan loss provision increased 4% to $53.2M. Net income decreased 4% to $15.5M. Net interest income after loan loss provision reflects Banking operation segment increase of 8% to $54.2M, Net Interest Margin, Total - % increase of 9% to 3.51%. |
Employees: | 277 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $221.31M as of Dec 31, 2023 |
Annual revenue (TTM): | $71.86M as of Dec 31, 2023 |
EBITDA (TTM): | $25.55M as of Dec 31, 2023 |
Net annual income (TTM): | $15.55M as of Dec 31, 2023 |
Free cash flow (TTM): | $15.72M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $69.36M as of Dec 31, 2023 |
Shares outstanding: | 5,455,999 as of Feb 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |