---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000108"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:50:57.979749+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001903596-23-000108
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/0001903596-23-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/nwpp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000108
- JSON: https://secwatch.observer/filing/0001903596-23-000108.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000108.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/0001903596-23-000108-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/0001903596-23-000108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.