Thu, May 15, 7:39 PM (65 days ago)
**New Peoples Bankshares, Inc. (NPBC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Total revenue for Q1 2025 was $11.4 million, up from $10.6 million in Q1 2024. - **Profit Margins:** Net income increased by 6.83% to $1.9 million. The net interest margin improved to 3.69% from 3.48%. - **Cash Flow:** Net cash provided by operating activities was $2.03 million, up from $2.31 million in Q1 2024. - **Earnings Changes:** Earnings per share remained steady at $0.08. **Key Metrics:** - **Total Assets:** Increased by 3.3% to $880.7 million. - **Loans:** Gross loans rose by 2% to $670.7 million. - **Deposits:** Total deposits grew by 14.53% annualized to $776.9 million. - **Capital:** The bank remains well-capitalized with a capital conservation buffer of 7.86%. **Trends and Uncertainties:** - **Loan Growth:** Strong loan growth in commercial and residential real estate. - **Deposit Growth:** Significant increase in time and money market deposits. - **Interest Rates:** Increased yield on earning assets and higher cost of funds. - **Natural Disasters:** Impact on loans due to severe weather conditions. **Future Operations Impact:** - **Dividends:** Paid a dividend of $0.08 per share. - **Stock Repurchase:** Repurchased 22,777 shares at an average price of $3.00 per share. - **Liquidity:** Maintained strong liquidity with $145.8 million in liquid assets. - **Capital Resources:** Adequate capital to support growth and absorb potential losses. **Ticker:** NPBC **Conclusion:** New Peoples Bankshares, Inc. demonstrated solid financial performance in Q1 2025, with notable growth in loans and deposits. The bank's strong capital position and liquidity provide a solid foundation for future operations. However, management remains cautious about economic uncertainties and potential impacts from natural disasters.