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 |
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 |