New Peoples Bankshares reports record 2022 net income of $8.1M; Q4 EPS $0.09, NIM widens to 3.86%

NEW PEOPLES BANKSHARES INC

Record annual net income of $8.1M ($0.34 diluted EPS) for 2022, up 15.7% from $7.0M ($0.29) in 2021.
Q4 2022 net income $2.3M ($0.09/diluted), up 17.4% YoY; eighth consecutive quarter of increased earnings.
Net interest margin improved to 3.86% in Q4 2022 from 3.53% in Q4 2021; full-year NIM was 3.61%.
Total deposits declined $14.8M (2.1%) in 2022, mainly in Q4; loans fell $9.1M (1.5%) for the year but grew 3.2% annualized in Q4.
Book value per share decreased to $2.40 from $2.66 due to $13.1M unrealized loss on AFS securities; core equity rose $6.7M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEW PEOPLES BANKSHARES INC reported the year ended December 31, 2022 results: net income $8.1 million, EPS $0.34 per diluted share.

Period: the year ended December 31, 2022
Net income: $8.1 million
EPS: $0.34 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, net income was $8.1 million, or $0.34 per share, compared to $7.0 million, or $0.29 per share, for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NEW PEOPLES BANKSHARES INC reported the quarter ended December 31, 2022 results: net income $2.3 million, EPS $0.09 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $2.3 million
EPS: $0.09 per diluted share
Result: reported results

Exact text from the filing

reported fourth quarter 2022 net income of $2.3 million, or $0.09 per share, as compared to $1.9 million, or $0.08 per share, for the fourth quarter of 2021

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NEW PEOPLES BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0001903596-23-000108

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