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In a large bowl, combine dry ingredients.
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In a medium bowl whisk eggs and peanut butter until combined; then gradually add milk until thin and smooth.
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Pour wet mixture into dry and stir just to combine. (will still be lumpy) **I added a bit more milk now, as I don't like my pancakes this thick**.
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Gently stir in the chopped peanuts.
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Place a greased griddle over medium heat.
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When hot, cook the pancakes until golden brown.
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1/4cup-sized pancakes should take 1-2 minutes per side and will yield about 16.