PEBK FY 2021 Earnings Report — Peoples Bancorp of North Carolina, Inc. Revenue & Financial Results | Market Cap Arena

Peoples Bancorp of North Carolina, Inc.PEBK

FY 2021 Earnings

Reported March 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$64M	—	$65M	—	-1.1%
Op. Income	$19M	—	$14M	—	36.7%
Gross Margin	96.8%	—	87.5%	—	9.3pp
Net Margin	23.7%	—	17.6%	—	6.1pp
EPS (Diluted)	$2.63	—	$1.95	—	34.9%
Free Cash Flow	$26M	—	$7M	—	296.0%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$2M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$536.0K
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$17M
Operating Expenses	$43M
Cost & Expenses	$45M
OPERATING INCOME	$19M
Interest Income	$47M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$6M
EBIT	$19M
EBITDA	$24M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$2M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$536.0K
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$17M
Operating Expenses	$43M
Cost & Expenses	$45M
OPERATING INCOME	$19M
Interest Income	$47M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$6M
EBIT	$19M
EBITDA	$24M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$6M
Stock-Based Compensation	$181.0K
Deferred Income Tax	-$227.0K
Other Non-Cash Items	$4M
Change in Working Capital	$2M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$484.0K
Acquisitions (Net)	$0
Purchases of Investments	-$209M
Sales/Maturities of Investments	$38M
Other Investing Activities	$65M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	-$4M
Other Financing Activities	$203M
NET CASH FROM FINANCING	$195M
FREE CASH FLOW	$26M
Net Change in Cash	$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$277M
Short-Term Investments	$407M
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$703M
PP&E (Net)	$21M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$883M
Tax Assets	$0
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$921M
TOTAL ASSETS	$1.6B
Account Payables	$12M
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$1.5B
Common Stock	$51M
Additional Paid-In Capital	$0
Retained Earnings	$89M
Treasury Stock	$0
Accum. Other Comp. Income	$96.0K
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$142M
Minority Interest	$0
TOTAL EQUITY	$142M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$57M
Net Debt	-$220M