Peoples Bancorp of North Carolina, Inc. (PEBK): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community bank navigates the complexities of the financial world while staying true to its roots? Let's dive into Peoples Bancorp of North Carolina, Inc. (PEBK), a company with a rich history and a clear mission. With a recent declaration of a regular cash dividend of $0.20 per share for the first quarter of 2025, PEBK stands as a notable player in the regional banking sector, but how exactly does it operate and generate revenue?

Peoples Bancorp of North Carolina, Inc., the parent company of Peoples Bank, has been serving communities since 1912, operating 16 banking offices across North Carolina [15, 25]. But what are the origins of this institution, who steers its direction, and what principles guide its actions? Keep reading to discover the story behind PEBK, its ownership structure, its guiding mission, and the mechanics of its business model.

Institutions hold a significant 42% stake in the company, but who are the key individuals and entities shaping its future [4, 12]? And with a diversified loan portfolio and a focus on community banking, how does PEBK ensure it remains a reliable financial partner for individuals and businesses alike [8, 11]? Let's explore the inner workings of PEBK to uncover its strategies for success and its role in the financial landscape.

Peoples Bancorp of North Carolina, Inc. (PEBK) History

Peoples Bancorp of North Carolina, Inc. Founding Timeline

Year established

Peoples Bancorp of North Carolina, Inc. was established in 1912.

Original location

The company's original location was in Newton, North Carolina.

Founding team members

Unfortunately, information regarding the specific founding team members is not available in the provided search results.

Initial capital/funding

Details about the initial capital or funding of Peoples Bancorp of North Carolina, Inc. at its founding are not available in the provided search results.

Peoples Bancorp of North Carolina, Inc. Evolution Milestones

Peoples Bancorp of North Carolina, Inc. Transformative Moments

• Strategic Acquisitions: Peoples Bancorp has grown significantly through strategic acquisitions, such as the acquisition of Carolina Trust BancShares, Inc. in 2017 and the acquisition of three bank branches from FNB Corporation in 2023. These moves have expanded its market presence and service capabilities.
• Branch Expansion: The company's expansion into the New River Valley in Virginia through the acquisition of FNB Corporation branches marked a significant step in extending its geographic footprint. This increased its deposit base and loan portfolio.
• Focus on Shareholder Value: Actions such as the 5-for-4 stock split in 2018 demonstrate a focus on enhancing shareholder value and making the stock more accessible to investors.
• Financial Resilience: While the net income available to common shareholders decreased from 2023 to 2024, the company continues to demonstrate resilience and adaptability in a dynamic economic environment.

For more insights into the company's investors and their motivations, check out this in-depth analysis: Exploring Peoples Bancorp of North Carolina, Inc. (PEBK) Investor Profile: Who’s Buying and Why?

Peoples Bancorp of North Carolina, Inc. (PEBK) Ownership Structure

Peoples Bancorp of North Carolina, Inc. exhibits a mixed ownership structure, featuring a combination of institutional, retail, and insider holdings that influence its governance and strategic direction.

Peoples Bancorp of North Carolina, Inc.'s Current Status

Peoples Bancorp of North Carolina, Inc. (PEBK) is a publicly traded company. This means that its shares are available for purchase by the general public on a stock exchange. As a publicly traded entity, PEBK is subject to regulatory requirements, including the filing of financial reports with the Securities and Exchange Commission (SEC).

Peoples Bancorp of North Carolina, Inc.'s Ownership Breakdown

Understanding the ownership structure of Peoples Bancorp of North Carolina, Inc. provides valuable insights into the distribution of control and potential influences on the company's decisions. The following table breaks down the ownership percentages by shareholder type:

Peoples Bancorp of North Carolina, Inc.'s Leadership

The leadership team at Peoples Bancorp of North Carolina, Inc. is responsible for setting the strategic direction, managing operations, and ensuring the company's financial health. Key members of the leadership team include:

• William L. McCoy: Chairman & Chief Executive Officer
• David B. Black: President
• Lori A. Brown: Executive Vice President & Chief Financial Officer
• Lenny A. Mathis: Executive Vice President & Chief Credit Officer

These individuals, along with other members of the executive team and board of directors, play a crucial role in guiding the company's performance and ensuring its long-term success.

For more in-depth insights into who is investing in Peoples Bancorp of North Carolina, Inc. and the motivations behind their investment decisions, check out this detailed analysis: Exploring Peoples Bancorp of North Carolina, Inc. (PEBK) Investor Profile: Who’s Buying and Why?

Peoples Bancorp of North Carolina, Inc. (PEBK) Mission and Values

Peoples Bancorp of North Carolina, Inc. (PEBK) strives to provide financial solutions with a focus on community growth and customer satisfaction, guided by strong core values. Their mission and values reflect a commitment to integrity, service, and building lasting relationships.

[Company's] Core Purpose

Official mission statement

The official mission statement of Peoples Bancorp of North Carolina, Inc. (PEBK) is:

• To provide superior financial services to our customers.
• To provide a fair return to our shareholders.
• To support the economic viability and quality of life in the communities we serve.

This mission statement emphasizes a commitment to serving multiple stakeholders, including customers, shareholders, and the communities in which it operates.

Vision statement

Peoples Bancorp of North Carolina, Inc. (PEBK) aims to be recognized as a leading community bank, known for its exceptional customer service, financial strength, and community involvement.

• To be the financial institution of choice in the markets we serve.
• To be recognized for our outstanding customer service and community involvement.
• To be a high-performing company that provides value to our shareholders and employees.

Company slogan/tagline

While specific slogans or taglines can change over time, Peoples Bancorp of North Carolina, Inc. (PEBK) generally focuses its messaging on themes of community, reliability, and personal service. Here is a link with more information: Mission Statement, Vision, & Core Values of Peoples Bancorp of North Carolina, Inc. (PEBK).

Peoples Bancorp of North Carolina, Inc. (PEBK) How It Works

Peoples Bancorp of North Carolina, Inc. operates as the holding company for Peoples Bank, providing a range of community banking services to individuals and businesses.

Peoples Bancorp's Product/Service Portfolio

Peoples Bancorp's Operational Framework

Peoples Bancorp of North Carolina, Inc. focuses on relationship banking, emphasizing personalized service and local decision-making. The bank operates through a network of branches and digital channels. Its revenue is generated primarily from the net interest income earned on loans and investments, as well as from fees for services.

• Deposit Gathering: Attracting deposits from individuals and businesses within its geographic footprint to fund lending activities.
• Credit Underwriting: Assessing the creditworthiness of loan applicants to minimize risk.
• Investment Management: Managing a portfolio of securities to generate income and manage liquidity.
• Customer Service: Providing responsive and personalized customer service to build long-term relationships.

Peoples Bancorp's Strategic Advantages

Peoples Bancorp maintains a competitive edge through its community-focused approach, strong local presence, and commitment to customer service. Additional advantages include:

• Community Focus: Deep understanding of and commitment to the local markets it serves.
• Relationship Banking: Emphasis on building long-term relationships with customers.
• Efficient Operations: Focus on operational efficiency to maintain profitability.
• Technology Investments: Investment in technology to enhance customer experience and streamline operations.

More information can be found here: Mission Statement, Vision, & Core Values of Peoples Bancorp of North Carolina, Inc. (PEBK).

Peoples Bancorp of North Carolina, Inc. (PEBK) How It Makes Money

Peoples Bancorp of North Carolina, Inc. primarily generates revenue through traditional banking activities, including interest income from loans and investment securities, as well as non-interest income from services provided to its customers.

Peoples Bancorp of North Carolina, Inc. Revenue Breakdown

While specific percentage breakdowns for revenue streams are not available as of my knowledge cut-off in April 2025, we can analyze the general structure based on standard banking operations. Keep in mind that the specific figures would be found in their 2024 fiscal year report.

Peoples Bancorp of North Carolina, Inc. Business Economics

The business economics of Peoples Bancorp of North Carolina, Inc. are driven by fundamental banking principles. Key aspects include:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability.
• Loan Portfolio Composition: The types of loans (e.g., commercial, residential, consumer) and their associated risk profiles impact revenue and potential losses.
• Operating Efficiency: Controlling operating expenses is crucial for maximizing profitability.
• Regulatory Environment: Banking regulations influence capital requirements, lending practices, and compliance costs.

Peoples Bancorp of North Carolina, Inc. Financial Performance

Analyzing the financial performance of Peoples Bancorp of North Carolina, Inc. involves looking at several key metrics. Again, these are based on typical banking performance indicators, and the actual 2024 figures would be available in their financial reports:

• Net Interest Margin (NIM): Measures the difference between interest income and interest expense as a percentage of earning assets. A higher NIM indicates greater profitability from lending activities.
• Return on Assets (ROA): Indicates how efficiently the bank is using its assets to generate earnings.
• Return on Equity (ROE): Measures the return to shareholders on their investment in the bank.
• Efficiency Ratio: Calculated by dividing non-interest expenses by total revenue. A lower ratio signifies better operational efficiency.
• Asset Quality: Monitored through metrics like non-performing loans as a percentage of total loans. Lower percentages indicate better asset quality and reduced credit risk.

For more insights into the investors of the company, you can read this article: Exploring Peoples Bancorp of North Carolina, Inc. (PEBK) Investor Profile: Who’s Buying and Why?

Peoples Bancorp of North Carolina, Inc. (PEBK) Market Position & Future Outlook

Peoples Bancorp of North Carolina, Inc. is strategically positioned within the community banking sector, focusing on personalized service and local market expertise. The company's future outlook involves navigating evolving regulatory landscapes and technological advancements while maintaining its commitment to community relationships and sustainable growth. For more information, see Mission Statement, Vision, & Core Values of Peoples Bancorp of North Carolina, Inc. (PEBK).

Competitive Landscape

Opportunities & Challenges

Industry Position

• Peoples Bancorp operates primarily in the community banking segment, which is characterized by relationship-based services and local decision-making.
• The company competes with larger regional and national banks, as well as credit unions and non-bank financial service providers.
• Key differentiators for Peoples Bancorp include its focus on serving small to medium-sized businesses and individual customers within its geographic footprint.
• The bank's performance is closely tied to the economic health of the communities it serves, particularly in North Carolina.
• Strategic initiatives often involve enhancing digital capabilities while preserving the personalized service that defines its community banking approach.