secwatch.observer — SEC 8-K summary
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Issuer:     NEW PEOPLES BANKSHARES INC (NWPP)
CIK:        0001163389
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001903596-23-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/0001903596-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163389/000190359623000108/nwpp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000108

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