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Peoples Bancorp of North Carolina
-4.45%
Financial services / Bank
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web1. Threat of New Entrants
Peoples Bancorp of North Carolina operates in the competitive banking industry, which makes it vulnerable to the threat of new entrants. However, the industry does have a relatively high barrier to entry due to strict regulatory requirements and the need for a significant amount of capital to establish a new bank. This reduces the threat of new entrants to a moderate level.
2. Bargaining Power of Suppliers
The primary suppliers for a bank include IT services, office supplies, and vendors for banking products. These suppliers are plentiful, and banks have the power to switch suppliers easily. Therefore, the bargaining power of suppliers is relatively low for Peoples Bancorp of North Carolina.
3. Bargaining Power of Customers
The banking industry is highly competitive, and customers have many options to choose from. The low switching costs and the commoditized nature of banking products give customers significant bargaining power. Therefore, Peoples Bancorp of North Carolina must offer attractive terms, rates, and services to retain its customers.
4. Threat of Substitutes
Alternative financial services such as online banking, mobile payment apps, and cryptocurrency pose a moderate threat to Peoples Bancorp of North Carolina. These substitutes offer convenience, low fees, and attractive interest rates, making them attractive to customers. However, traditional banking services still have a high level of trust and reliability, making the threat of substitutes relatively low.
5. Intensity of Competitive Rivalry
The banking industry is highly competitive, with many banks offering similar products and services. This creates intense competition among banks, especially in terms of interest rates and fees. However, Peoples Bancorp of North Carolina operates in a specific geographic area that limits direct competition from larger banks. This lowers the intensity of competitive rivalry for the company.
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