secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001903596-22-000229
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Peoples Bankshares reports record Q1 net income $1.92M, EPS $0.08; authorizes buyback of 500K shares
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- Record Q1 net income $1.92M ($0.08), up 21.2% from $1.58M ($0.07) in Q1 2021.
- Net interest income rose $208K to $6.6M; provision for loan losses reduced $86K to $100K; NIM 3.53%.
- Total deposits increased $23.5M to $731.0M; total assets $813.5M, up 2.4% since Dec 2021.
- Board authorized repurchase of up to 500,000 shares through March 31, 2023.
- Director Eugene Hearl to retire effective May 17, 2022 Annual Meeting; not due to disagreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359622000229/0001903596-22-000229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359622000229/sfsnwpp8k042922.htm
  HTML page:      https://secwatch.observer/filing/0001903596-22-000229

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