New Peoples Bankshares, Inc. filings document the public-company reporting of a Virginia bank holding company and its wholly owned subsidiary, New Peoples Bank, Inc. Form 8-K reports cover results of operations and financial condition, common stock dividend declarations, share repurchase authorizations and officer transition matters.
The company’s proxy materials describe annual meeting voting items, including director elections and ratification of the independent registered public accounting firm. The filings also identify governance procedures, capital-return disclosures and the company’s common stock reporting context.
New Peoples Bankshares reported stronger first-quarter results, with net income rising to $3.1M, up from $1.9M a year earlier. Earnings per share increased to $0.13 from $0.08, reflecting better profitability.
Total assets reached $939.6M, and loans grew to $723.3M, while deposits increased to $827.7M. The net interest margin improved to 3.99% as loan yields rose and funding costs edged lower. Noninterest income grew modestly and expenses were tightly controlled, reducing the efficiency ratio to 63.17%.
Asset quality remained solid, with the allowance for credit losses at $8.1M, or 1.12% of total loans, and nonperforming assets at 0.35% of total assets. The bank stayed well capitalized, with book value per share of $3.53 and continued dividends of $0.09 per share alongside ongoing share repurchases.
NEW PEOPLES BANKSHARES INC director John D. Cox reported insider activity involving the company’s common stock. On April 30, he completed an open-market purchase of 8,570 shares at $3.88 per share through the Cox Living Trust, which is reported as indirect ownership. Following this transaction, Cox’s direct holdings in the stock were 94,078 shares, while the Cox Living Trust held 776,281 shares indirectly on his behalf.
New Peoples Bankshares, Inc. filed a current report to note that it issued a press release announcing its earnings for the quarter and year ending March 31, 2026. The earnings release is provided as Exhibit 99.1 to the report, covering results for the first quarter of 2026.
New Peoples Bankshares, Inc. calls a 2026 annual shareholder meeting on May 19, 2026 to elect five directors and ratify Yount, Hyde & Barbour, PC as independent auditor for 2026. The Board will expand from nine to eleven members, adding two current director interns as nominees.
The proxy details board committee structure, director independence, and significant insider ownership, with directors and executives holding about half of outstanding shares. It explains executive pay, including salary, annual cash incentives tied to profitability and asset quality, and a long-term cash incentive plan based on earnings per share, alongside a prior shareholder say-on-pay approval of about 99%.
New Peoples Bankshares, Inc. reports stronger 2025 results, with net income rising to $10.1 million, or $0.43 per diluted share, up from $8.2 million, or $0.35 per share, in 2024. Earnings benefited from higher average interest-earning assets, improved loan yields, and a wider net interest margin.
Total assets reached $909.7 million, driven by a $52.1 million increase in gross loans to $709.6 million and continued loan demand across commercial and residential portfolios. Deposits grew to $798.3 million, supported by targeted time-deposit promotions and disciplined money market pricing.
The bank remained well-capitalized, with a leverage ratio of 10.93% and return on average assets of 1.13%. Return on average shareholders’ equity improved to 13.33%, reflecting higher profitability on a growing capital base. Management also completed a core system conversion in late 2025 without material operating disruptions.
New Peoples Bankshares, Inc. reported that its Board of Directors has authorized the continuation of the company’s share repurchase program, allowing the repurchase of up to 500,000 shares through March 31, 2027. This extends the timeframe during which the company may buy back its own stock.
NEW PEOPLES BANKSHARES INC director John D. Cox, through the Cox Living Trust, bought 4,234 shares of common stock in an open-market purchase at $4.16 per share. After this transaction, indirect holdings reported for the trust were 767,711 shares, and direct holdings were 94,078 shares.
NEW PEOPLES BANKSHARES INC director and 10% owner Blaine Scott White reported an open-market purchase of 4,233 shares of Common Stock on March 3, 2026, at $4.16 per share. The purchased shares are held indirectly, as trustee for a trust that now holds 254,950 shares.
New Peoples Bankshares, Inc. announced that its board of directors declared a cash dividend of $0.09 per share of common stock. The dividend will be paid on March 31, 2026 to shareholders who are on record as of March 16, 2026.