Peoples Bancorp of North Carolina Inc

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What Do They Do?

Provides commercial banking services, including loans and deposit accounts, to individuals and small- to medium-sized businesses in the Catawba Valley and surrounding communities.

How Do They Make Money?

Banking Operations earns interest from loans and securities; other revenue includes deposit fees, advisory and card commissions tied to customer activity, and appraisal fees. Service fees are billed as the services are provided.

FY2025 revenue by reportable segment ([Net Investment Income]) revenue

Segment	Share	Revenue
Other	−0.8% FY2022: −1.0%
Banking Operations	51% FY2022: 101%
CBRES	0.0% FY2022: 0.0%
Consolidated	50% FY2022: 100%

Who Are Their Customers?

Customers are served through the Bank’s banking offices and loan production offices across North Carolina.

Do Revenues Turn Into Profits?

Yes. It kept 24 cents of every revenue dollar as net income in FY2025 and turned 24 cents into free cash flow.

Net income, FY2025

24% of revenue

▲ +21% vs FY2024 ($16.4M, 20%)

Free cash flow, FY2025

24% of revenue

▼ 0% vs FY2024 ($20M, 25%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +4%; vs $20.7M in Q2 FY2025
Net income: ▲ +1%; vs $5.2M in Q2 FY2025

Growing. Revenue grew 77% in 4 years, from $47.2M in FY2021 to $83.6M in FY2025, about 15% a year.

Insurance agency ended The older report described PB Insurance Agency as a division of CBRES and said it was discontinued; the latest report describes CBRES as a clearinghouse for appraisal services.

Revenue over time

Other Banking Operations CBRES Consolidated

$200M$100M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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