---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000355"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:40:59.307545+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001903596-23-000355
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000355/0001903596-23-000355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000355/nwpp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000355
- JSON: https://secwatch.observer/filing/0001903596-23-000355.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000355.txt

## Key facts
- Earnings Releases
  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
  source text: Net income for the first quarter of 2023 was $2.0 million, or $0.08 per diluted share;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163389/000190359623000355/0001903596-23-000355-index.htm

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