PEBK FY 2022 Earnings Report — Peoples Bancorp of North Carolina, Inc. Revenue & Financial Results | Market Cap Arena

Peoples Bancorp of North Carolina, Inc.PEBK

FY 2022 Earnings

Reported March 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$71M	—	$64M	—	10.7%
Op. Income	$20M	—	$19M	—	7.2%
Gross Margin	93.2%	—	96.8%	—	-3.6pp
Net Margin	22.8%	—	23.7%	—	-0.9pp
EPS (Diluted)	$2.85	—	$2.63	—	8.4%
Free Cash Flow	$18M	—	$26M	—	-31.7%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$5M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$693.0K
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$18M
Operating Expenses	$46M
Cost & Expenses	$50M
OPERATING INCOME	$20M
Interest Income	$54M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$6M
EBIT	$20M
EBITDA	$26M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$5M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$693.0K
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$18M
Operating Expenses	$46M
Cost & Expenses	$50M
OPERATING INCOME	$20M
Interest Income	$54M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$6M
EBIT	$20M
EBITDA	$26M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$6M
Stock-Based Compensation	$249.0K
Deferred Income Tax	-$541.0K
Other Non-Cash Items	$5M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$150M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$148M
NET CASH FROM INVESTING	-$256M
Net Debt Issuance	$0
Common Stock Repurchased	-$710.0K
Common Dividends Paid	-$5M
Other Financing Activities	$33M
NET CASH FROM FINANCING	$27M
FREE CASH FLOW	$18M
Net Change in Cash	-$206M

Balance Sheet

Item	Amount
Cash & Equivalents	$72M
Short-Term Investments	$445M
Net Receivables	$38M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$555M
PP&E (Net)	$23M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$12M
Short-Term Debt	$48M
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	$21M
TOTAL LIABILITIES	$1.5B
Common Stock	$50M
Additional Paid-In Capital	$0
Retained Earnings	$100M
Treasury Stock	$0
Accum. Other Comp. Income	-$48M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$105M
Minority Interest	$0
TOTAL EQUITY	$105M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$68M
Net Debt	-$3M