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8-K filed May 1, 2023, 7:59 PM ET ticker NWPP CIK 0001163389

earnings confidence high sentiment positive materiality 0.65

New Peoples Bankshares Q1 net income up 5.2% to $2.0M, stable NIM at 3.83%

NEW PEOPLES BANKSHARES INC

Net income $2.0M ($0.08 diluted EPS) vs $1.9M ($0.08) in Q1 2022, up 5.2%.
Net interest margin stable at 3.83% (Q1 2022: 3.54%; Q4 2022: 3.88%).
Total deposits grew 2.3% to $708.8M; gross loans up 1.0% to $5.9M increase.
Nonperforming assets fell 15.9% to $3.1M, 0.39% of total assets.
Leverage ratio improved to 10.98%; book value per share $2.50 (up from $2.40).

item 2.02 item 9.01

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 first quarter 2023 results: net income $2.0 million, EPS $0.08 per diluted share.

Period: first quarter 2023
Net income: $2.0 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

Net income for the first quarter of 2023 was $2.0 million, or $0.08 per diluted share;

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

NEW PEOPLES BANKSHARES INC filing history →

Source: SEC EDGAR

accession 0001903596-23-000355

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