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Investor NewsFOR IMMEDIATE RELEASE: October 30, 2024NEW PEOPLES BANKSHARES ANNOUNCES THIRD QUARTER RESULTS Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced third quarter 2024 net income of $2.1 million, or $0.09 per share, as compared to $1.9 million, or $0.08 per share, for the third quarter of 2023, an increase in earnings of $218,000 or 11.53%. For the nine months ended September 30, 2024, net income was $5.6 million, or $0.24 per share, compared to $5.6 million, or $0.24 per share, in 2023. FOR IMMEDIATE RELEASE: July 29, 2024NEW PEOPLES BANKSHARES ANNOUNCES SECOND QUARTER RESULTS Honaker, Virginia – Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced second quarter 2024 net income of $1.7 million, or $0.07 per share, as compared to $1.7 million, or $0.07 per share, for the second quarter of 2023, a reduction in earnings of $39,000 or 2.3%. For the six months ended June 30, 2024, net income was $3.5 million, or $0.15 per share, compared to $3.7 million, or $0.16 per share, in 2023. FOR IMMEDIATE RELEASE: April 30, 2024NEW PEOPLES BANKSHARES ANNOUNCES FIRST QUARTER RESULTS Honaker, Virginia – Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced first quarter 2024 net income of $1.8 million, or $0.08 per share, as compared to $2.0 million, or $0.08 per share, for the first quarter of 2023, a reduction in earnings of $236,000 or 11.7%. FOR IMMEDIATE RELEASE: February 28, 2024NEW PEOPLES BANKSHARES DECLARATION OF DIVIDEND AND SHARE REPURCHASE PROGRAM EXTENSION Honaker, Virginia – The board of directors of New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the financial holding company of its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced the declaration of a dividend of $0.07 per share payable on March 29, 2024, to shareholders of record as of March 15, 2024. FOR IMMEDIATE RELEASE: January 30, 2024Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced fourth quarter 2023 net income of $1.6 million, or $0.07 per share, as compared to $2.3 million, or $0.09 per share, for the fourth quarter of 2022, a reduction in earnings of $702,000 or 31.2%. Complete News ReleaseFOR IMMEDIATE RELEASE: October 27, 2023New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced third quarter 2023 net income of $1.9 million, or $0.08 per share, as compared to $2.0 million, or $0.08 per share, for the third quarter of 2022, a reduction in earnings of $96,000 or 4.8%. For the nine months ended September 30, 2023, net income was $5.6 million, or $0.24 per share, compared to $5.8 million, or $0.24 per share in 2022. COMPLETE NEWS RELEASEFOR IMMEDIATE RELEASE: August 21, 2023NEW PEOPLES BANKSHARES, INC. ANNOUNCES APPOINTMENT OF JAMES W. KISER (“J.W.”) AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW PEOPLES BANK, INC. New Peoples Bankshares, Inc. (the “Company”), the holding company of New Peoples Bank, Inc. (the “Bank”), announced today that J.W. Kiser has been appointed by the Bank’s Board of Directors as President and Chief Executive Officer of the Bank, effective December 1, 2023. COMPLETE NEWS RELEASEFOR IMMEDIATE RELEASE: August 7, 2023NEW PEOPLES BANKSHARES ANNOUNCES RETIREMENT AND TRANSITION OF PRESIDENT & CHIEF EXECUTIVE OFFICER New Peoples Bankshares, Inc. (the “Company”), the holding company for New Peoples Bank, Inc. (the “Bank”), announced today that C. Todd Asbury, the Bank’s President and Chief Executive Officer, will begin a planned transition to retirement in December 2023. COMPLETE NEWS RELEASEFOR IMMEDIATE RELEASE: July 28, 2023NEW PEOPLES BANKSHARES ANNOUNCES SECOND QUARTER RESULTS Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced second quarter 2023 net income of $1.7 million, or $0.07 per share, as compared to $1.9 million, or $0.08 per share, for the second quarter of 2022, a reduction in earnings of $200,000 or 10.40%. FOR IMMEDIATE RELEASE: MAY, 1 2023NEW PEOPLES BANKSHARES ANNOUNCES FIRST QUARTER RESULTS Honaker, Virginia - Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, FOR IMMEDIATE RELEASE: MARCH, 1 2023NEW PEOPLES BANKSHARES DECLARATION OF DIVIDEND AND SHARE REPURCHASE PROGRAM EXTENSION Honaker, Virginia – The board of directors of New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) the FOR IMMEDIATE RELEASE: February, 3 2023NEW PEOPLES BANKSHARES ANNOUNCES RECORD ANNUAL EARNINGS Honaker, Virginia – Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, FOR IMMEDIATE RELEASE: November 10, 2022NEW PEOPLES BANKSHARES ANNOUNCES SEVENTH CONSECUTIVE QUARTER OF INCREASED EARNINGS FOR THETHIRD QUARTER 2022 Honaker, Virginia -- New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) and its wholly-owned FOR IMMEDIATE RELEASE: February 28, 2022NEW PEOPLES BANKSHARES DECLARATION OF DIVIDEND Honaker, Virginia – The board of directors of New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) the financial holding company of its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced the declaration of a dividend of $.05 per share payable on March 31, 2022, to shareholders of record as of March 15, 2022. FOR IMMEDIATE RELEASE: February 10, 2022NEW PEOPLES BANKSHARES ANNOUNCES RECORD 2021 RESULTS Honaker, Virginia -- New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) and its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced fourth quarter 2021 net income of $1.9 million, or $0.08 per share, as compared to $1.4 million, or $0.06 per share, for the fourth quarter of 2020, a year-over-year improvement of $526,000 and a 37.8% increase. The primary drivers for these results were an increase in net interest income of $282,000, a reduction in provision for loan loss expense of $300,000, and an increase in noninterest income of $269,000. Return on average assets rose to 0.95% for the fourth quarter of 2021 compared to 0.74% for the fourth quarter of 2020 and return on average equity is up to 12.14% versus 9.66% for the same quarterly comparison. |
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Annual Reports2021 Annual Report |
