Peoples Bancorp NC Q4 profit doubles on higher interest, gain on domain sale
Overview
North Carolina bank's Q4 net earnings more than doubled yr/yr
Net interest income rose due to higher loan income and lower interest expenses
Company gained $3 mln from North Carolina Department of Transportation (NCDOT) eminent domain acquisition
Outlook
Company did not provide specific guidance for future quarters or full year
Result Drivers
EMINENT DOMAIN GAIN - Co recognized a $3.0 mln net gain from the NCDOT acquisition of its former Mooresville branch
NET INTEREST INCOME - Increase due to higher loan income and lower interest expenses, per CEO William D. Cable, Sr.
CREDIT LOSS PROVISION - Increase in provision for credit losses due to changes in reserve for losses, compared to prior year
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income |
| $6.63 mln |
|
Q4 Net Interest Income |
| $15.36 mln |
|
Q4 Pretax Profit |
| $8.76 mln |
|
Q4 Provision for Credit Losses |
| $353,000 |
|
Press Release: ID:nACSMtpnRa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
Related Articles
Coca Cola (KO) Q4 Earnings Preview: Look for the Upside in the AI Initiatives, not in the Revenue and the EPS
Coca-Cola (KO) enters its fourth-quarter 2025 earnings call tomorrow with significant momentum. However, a fundamental shift is occurring.
Warsh’s Fed Era Signals a Death Knell for QE, Jolting the $30 Trillion Treasury Market
With Warsh’s nomination, his past proposals for governing the Federal Reserve are being brought to the forefront. A central issue is the formulation of a new "1951 Accord" to restructure the relationship between the Fed and the Treasury. Analysts suggest such a move could impact the $30 trillion Tre
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
