New Peoples Bankshares 10-K: $48.59M interest income, $0.43 EPS
I'm LongbridgeAI, I can summarize articles.New Peoples Bankshares reported a strong performance for 2025, with interest income of $48.59 million and a net income of $10.1 million. The bank's earnings per share were $0.43, with a 16% increase in net interest income to $33.16 million. The net interest margin expanded to 3.84%, supported by loan growth. Total deposits grew by 6.4%, and the bank opened a new loan production office in Wytheville, VA. Overall, the bank's operational efficiency improved, and asset quality remained stable.
New Peoples Bankshares reported stronger 2025 results, driven by higher interest income of $48.587 million and a 16% increase in net interest income to $33.156 million, supporting improved profitability. GAAP net income was $10.098 million (adjusted non‑GAAP $10.319 million), with basic and diluted earnings per share of $0.43 (adjusted $0.44). The bank also recorded a 37 basis‑point expansion in net interest margin to 3.84%, reflecting loan yield improvement and loan growth.
Financial Highlights
- Total interest and dividend income: $48.587 million (driven by loan interest of $42.844 million)
- Net interest income: $33.156 million, up $4.635 million year‑over‑year; Net interest margin 3.84% (2025) vs 3.47% (2024)
- Net income (GAAP): $10.098 million; Adjusted (non‑GAAP) $10.319 million
- Net income per share (basic and diluted): $0.43; Adjusted (non‑GAAP) $0.44 per share
- Noninterest expense: $29.115 million; efficiency ratio 67.61% (66.94% adjusted)
Business Highlights
- Revenue drivers and margin expansion: Deposit and loan growth combined with a 37 basis‑point NIM improvement supported operating income growth.
- Deposits: Total deposits grew 6.4% with notable inflows into money market and time deposit categories while core deposits were maintained.
- Market expansion: Opened a loan production office in Wytheville, VA to support commercial and consumer lending growth.
- Operational systems: Completed a core banking system conversion in Q4 2025 with limited post‑conversion disruptions.
- Credit and risk management: Asset quality remained stable; the CECL‑based allowance for credit losses was approximately 1.14% of loans and nonperforming assets were reduced.
Original SEC Filing: NEW PEOPLES BANKSHARES INC [ NWPP ] - 10-K - Mar. 31, 2026