New Peoples Bankshares Inc (PK:NWPP)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 67 Commerce Drive
HONAKER VA 24260
Tel: N/A
Website: https://www.newpeoples.bank
IR: See website
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Key People
Christopher G. Speaks
Chief Financial Officer, Executive Vice President, Treasurer
John J. Boczar
Chief Accounting Officer, Company Secretary
James W. Kiser
Executive Vice President, Chief Banking Officer, Director
Bryan T. Booher
Executive Vice President and Chief Risk Officer of the Bank
   
Business Overview
New Peoples Bankshares, Inc. is a financial holding company. The Company's business is conducted primarily through New Peoples Bank, Inc. (the Bank), a banking corporation. The Bank has a division doing business as New Peoples Financial Services, which offers investment services. The Bank offers a range of banking and related financial services focused primarily on serving individuals, small to medium size businesses and the professional community. It offers various banking services, including Commercial Loans, Residential Mortgage Loans, Construction Loans, Consumer Loans, Deposits, Investment Services and Other Bank Services. It offers a full range of short-medium- and longer-term commercial, 1-4 family residential mortgages and personal loans. Its commercial loans include both secured and unsecured loans for working capital, including inventory and receivables; business expansion, including acquisition of real estate and improvements; and purchase of equipment and machinery.
Financial Overview
For the nine months ended 30 September 2023, New Peoples Bankshares Inc interest income increased 19% to $27.1M. Net interest income after loan loss provision increased 3% to $20.8M. Net income decreased 3% to $5.6M. Net interest income after loan loss provision reflects Loans including fees increase of 16% to $23.7M, Interest-earning deposits with banks increase from $738K to $1.6M, Investments increase of 15% to $1.6M.
Employees: 194 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $6.61M as of Sep 30, 2023
Annual revenue (TTM): $35.79M as of Sep 30, 2023
EBITDA (TTM): $13.30M as of Sep 30, 2023
Net annual income (TTM): $7.89M as of Sep 30, 2023
Free cash flow (TTM): $8.20M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,769,561 as of Nov 8, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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