Filing Analysis
Peoples Bancorp of North Carolina, Inc. announced the election of Michael B. Hollar to its Board of Directors and the Board of Directors of its subsidiary, Peoples Bank, effective July 16, 2026.
📋 Key Facts
- Michael B. Hollar was elected to the Boards of Directors of both the Company and its wholly-owned subsidiary, Peoples Bank.
- The election occurred on July 16, 2026.
- Mr. Hollar has not been appointed to any committees at this time.
- No family relationships or related-party transactions involving Mr. Hollar were disclosed.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its second quarter 2026 earnings results via a press release. The filing serves as a formal notification of the release of financial performance data.
📋 Key Facts
- Company issued a press release regarding Q2 2026 earnings on July 20, 2026.
- The earnings information is furnished in Exhibit 99(a) and is not considered 'filed' for purposes of Section 18 liability.
- The filing includes standard forward-looking statement cautionary language regarding interest rates and market conditions.
Peoples Bancorp of North Carolina, Inc. reported the results of its Annual Shareholders' Meeting held on May 7, 2026. Shareholders elected ten directors, approved executive compensation on an advisory basis, and ratified the appointment of the company's independent auditor.
📋 Key Facts
- The Annual Shareholders' Meeting was held on May 7, 2026.
- Ten directors were elected, including Ashton V. Abernethy, James S. Abernethy, Robert C. Abernethy, Sr., and Robert C. Abernethy, Jr.
- The advisory vote on executive compensation passed with 4,024,195 votes 'For' and 83,444 'Against'.
- Forvis Mazars, LLP was ratified as the independent registered public accounting firm with 4,684,986 votes 'For' and 0 'Against'.
Peoples Bancorp of North Carolina, Inc. announced its first quarter 2026 financial results on April 20, 2026. The disclosure was made via a press release furnished under Item 2.02 of Form 8-K.
📋 Key Facts
- Announcement of Q1 2026 earnings results on April 20, 2026.
- Filing includes Item 2.02 (Results of Operations and Financial Condition).
- Press release is furnished as Exhibit 99(a).
- The report contains standard forward-looking statement disclosures regarding interest rates and market conditions.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its fourth quarter and full year 2025 earnings results via a press release.
📋 Key Facts
- The filing was made on January 26, 2026.
- The report covers the Q4 and Full Year 2025 financial performance.
- Earnings details are contained in Exhibit 99(a) as a press release.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
Peoples Bancorp of North Carolina, Inc. has filed an 8-K to announce its third quarter 2025 earnings results via a press release. The filing serves as a formal notification that financial performance data for the period ending September 30, 2025, is being released.
📋 Key Facts
- The company issued an earnings press release on October 20, 2025.
- The announcement pertains to the third quarter of fiscal year 2025 results.
- The filing includes standard forward-looking statement cautionary language.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its second quarter 2025 earnings results via a press release. The filing serves as a formal notification that financial performance data for the period ending June 30, 2025, has been released.
📋 Key Facts
- The company issued an earnings press release on July 21, 2025.
- The report covers the second quarter of fiscal year 2025 results.
- The filing includes standard forward-looking statement cautionary language regarding interest rate environments and market conditions.
This is an amendment (8-K/A) to a previous filing, disclosing the Board of Directors' decision regarding the frequency of shareholder votes on executive compensation. The Company has decided to move to an annual voting cycle for named executive officer compensation.
📋 Key Facts
- The filing is an Amendment No. 1 to a previously filed 8-K.
- On June 17, 2025, the Compensation Committee and Board of Directors approved a recommendation for shareholders regarding compensation voting frequency.
- Shareholders will now vote on the compensation of named executive officers every year.
- The decision follows an Annual Shareholders Meeting held on May 1, 2025.
Peoples Bancorp of North Carolina, Inc. reported the results of its Annual Shareholders' Meeting held on May 1, 2025. The filing details the election of directors and shareholder votes on executive compensation and auditor ratification.
📋 Key Facts
- Annual Shareholders’ Meeting held on May 1, 2025.
- Eleven directors were elected to the Board, including Ashton V. Abernethy, James S. Abernethy, Robert C. Abernethy, Sr., and others.
- Shareholders participated in a non-binding advisory vote regarding executive compensation (Say-on-Pay), which received 3,458,170 votes in favor.
- Shareholders voted on the frequency of Say-on-Pay votes, with '1 Year' receiving the highest support at 2,250,730 votes.
- Forvis Mazars, LLP was ratified as the Independent Registered Public Accounting Firm with 4,947,079 votes in favor.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its first quarter 2025 earnings results via a press release. The filing serves as a formal notification that financial performance data for the period has been released.
📋 Key Facts
- The company issued a press release on April 21, 2025, regarding Q1 2025 earnings results.
- The earnings information is furnished in Exhibit 99(a) and is not considered 'filed' for purposes of Section 18 liability.
- The filing includes standard cautionary language regarding forward-looking statements.
Peoples Bancorp of North Carolina, Inc. announced a new stock repurchase plan on March 13, 2025. The plan authorizes the company to repurchase up to $3,000,000 of its outstanding shares.
📋 Key Facts
- Announcement date: March 13, 2025
- Repurchase authorization amount: Up to $3,000,000
- Purpose: Stock Repurchase Plan
Peoples Bancorp of North Carolina, Inc. issued an 8-K to announce its fourth quarter and full year 2024 earnings results via a press release.
📋 Key Facts
- Earnings announcement date: February 12, 2025
- Reporting period covered: Fourth quarter and full year 2024
- The filing includes forward-looking statements regarding the Company's performance.
Peoples Bancorp of North Carolina, Inc. has adopted its Third Amended and Restated Bylaws to implement a majority voting standard for uncontested director elections.
📋 Key Facts
- The Board of Directors adopted the Third Amended and Restated Bylaws on January 16, 2025.
- The new bylaws supersede the Second Amended and Restated Bylaws in their entirety.
- Amendments implement a majority voting standard for uncontested elections of directors.
- This change follows shareholder approval granted at the 2021 annual meeting of shareholders.
Peoples Bancorp of North Carolina, Inc. announced the election of three new members to its Board of Directors and the Board of its subsidiary, Peoples Bank.
📋 Key Facts
- On December 19, 2024, Robert C. Abernethy, Jr., Ashton V. Abernethy, and Dan R. Timmerman, Jr. were elected to the Boards of Directors of both the Company and its subsidiary, Peoples Bank.
- The new directors have not been appointed to any committees as of the filing date.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its third quarter 2024 earnings results via a press release. The filing serves as the formal mechanism to furnish financial performance data for the period ending September 30, 2024.
📋 Key Facts
- The company issued a press release on October 21, 2024, regarding Q3 2024 earnings results.
- The filing includes forward-looking statements subject to safe harbor provisions.
- Financial results are furnished as Exhibit 99(a) and are not deemed 'filed' for purposes of Section 18 liability.
Peoples Bancorp of North Carolina, Inc. announced the promotion of William D. Cable, Sr. to President and CEO effective September 19, 2024, alongside amendments to his employment agreement and salary continuation plans for himself and CFO Jeffrey N. Hooper.
🚩 Red Flags
- Increased executive compensation and long-term SERP obligations for key officers.
📋 Key Facts
- William D. Cable, Sr. appointed as President and CEO effective September 19, 2024.
- Mr. Cable's base salary increased to $365,000 with a new discretionary annual incentive structure.
- Amended Salary Continuation Agreements (SERP) for Mr. Cable: retirement benefit increased from $93,872 to $130,000 for 13 years, plus $23,500 annually for life (if retiring at age 65).
- Amended Salary Continuation Agreements (SERP) for CFO Jeffrey N. Hooper: retirement benefit increased from $45,000 to $75,000 for 13 years (if retiring at age 65).
Peoples Bancorp of North Carolina, Inc. announced the upcoming retirement of CEO Lance A. Sellers in early 2025 and the appointment of William D. Cable, Sr. as his successor, effective September 19, 2024.
🚩 Red Flags
- None identified; this appears to be a planned succession rather than an abrupt departure.
📋 Key Facts
- Lance A. Sellers (President and CEO) to retire in early 2025.
- William D. Cable, Sr. (current EVP and COO) appointed as incoming President and CEO.
- Succession effective date for Mr. Cable is September 19, 2024.
- The transition includes a brief overlap period between the outgoing and incoming CEOs.
Peoples Bancorp of North Carolina, Inc. issued an 8-K to announce its second quarter 2024 earnings results via a press release.
📋 Key Facts
- Earnings announcement date: July 22, 2024
- Reporting period: Second Quarter 2024
- The filing includes Exhibit 99(a) containing the press release of financial results.
Peoples Bancorp of North Carolina, Inc. announced a new stock repurchase plan on June 25, 2024. The company has authorized the repurchase of outstanding shares up to a total value of $2,000,000.
📋 Key Facts
- Announcement date: June 25, 2024
- Action: Authorization of a Stock Repurchase Plan
- Maximum repurchase amount: $2,000,000
Peoples Bancorp of North Carolina, Inc. reported the results of its Annual Shareholders' Meeting held on May 2, 2024. The meeting included the election of the Board of Directors and the ratification of the independent auditor.
📋 Key Facts
- Annual Shareholders' Meeting held on May 2, 2024.
- Election of 11 directors: James S. Abernethy, Robert C. Abernethy, Kim Boyd-Leaks, Douglas S. Howard, John W. Lineberger, Jr., Gary E. Matthews, Billy L. Price, Jr. MD, Larry E. Robinson, William Gregory Terry, Dan Ray Timmerman, Sr., and Benjamin I. Zachary.
- Ratification of FORVIS, LLP as the Independent Registered Public Accounting Firm with 4,633,511 votes in favor.
Peoples Bancorp of North Carolina, Inc. filed an 8-K to announce its first quarter 2024 earnings results via a press release. The filing is primarily a procedural announcement and does not contain the actual financial data within the body of the 8-K itself.
📋 Key Facts
- The company issued a press release on April 22, 2024, regarding Q1 2024 earnings results.
- The earnings information is furnished as Exhibit 99(a) and is not considered 'filed' for purposes of Section 18 liability.
- The filing includes standard forward-looking statement cautionary language.
Peoples Bancorp of North Carolina, Inc. is amending its previous 8-K to confirm the completion of its 2023 audit and the formal transition of its independent auditing firm from Elliott Davis, PLLC to FORVIS, LLP.
🚩 Red Flags
- None identified. The filing explicitly states there were no disagreements or reportable events with the outgoing auditor.
📋 Key Facts
- The company completed its 2023 audit on March 7, 2024.
- FORVIS, LLP has been engaged as the new independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Elliott Davis, PLLC, which served as the auditor since June 2015, was dismissed effective upon completion of the 2023 audit.
- The company confirmed there were no disagreements with Elliott Davis regarding accounting principles, practices, or auditing scope during the periods ending Dec 31, 2023, and Dec 31, 2022.
Peoples Bancorp of North Carolina, Inc. has announced the dismissal of its long-term auditor, Elliott Davis, PLLC, following a competitive review. The company has selected FORVIS, LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2024.
🚩 Red Flags
- None identified; the filing explicitly states there were no disagreements with the outgoing auditor and no reportable events.
📋 Key Facts
- Effective date: Following the completion of the Company's 2023 audit.
- Outgoing Auditor: Elliott Davis, PLLC (served since June 2015).
- Incoming Auditor: FORVIS, LLP.
- The Audit Committee completed a competitive review to select the new firm on February 22, 2024.
- No disagreements with Elliott Davis regarding accounting principles, practices, or auditing scope were reported for fiscal years 2021, 2022, or 2023 YTD.
Peoples Bancorp of North Carolina, Inc. issued an 8-K to announce its fourth quarter and full year 2023 earnings results via a press release.
📋 Key Facts
- The filing was made on January 22, 2024.
- The report covers the Q4 and Full Year 2023 financial performance.
- Earnings results are provided in Exhibit 99(a) as a press release.