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:
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