Peoples Bancorp Q2 FY26 net earnings edge up to $5.2 million; net interest margin widens 23 percentage points to 3.80% - PEBK News | RalliesPeoples Bancorp Q2 FY26 net earnings edge up to $5.2 million; net interest margin widens 23 percentage points to 3.80%
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PEBK• Q2 earnings, margin and balance sheet trends
- Peoples Bancorp of North Carolina posted Q2 net earnings of USD 5.2 million, or USD 0.98 a share, up 1.03% year over year.
- Net interest margin widened to 3.80% from 3.57% a year earlier, a 0.23 percentage-point increase.
- Net interest income rose to USD 16 million from USD 14.6 million, as interest expense fell on Fed rate cuts.
- Total loans climbed to USD 1.28 billion at June 30 from USD 1.2 billion at Dec. 31; deposits increased to USD 1.57 billion from USD 1.51 billion.
- Provision for credit losses turned to USD 293,000 from a USD 213,000 recovery, reflecting faster loan growth.
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