New Peoples Bankshares, Inc. (NWPP)

New Peoples Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	38.21	32.55	27.74	28.32	28.64
Interest Income on Investments	6.43	4.58	3.65	1.59	1.4
Total Interest Income	44.63	37.14	31.39	29.91	30.04
Interest Paid on Deposits	14.15	7.58	1.88	2.25	4.28
Interest Paid on Borrowings	1.97	1.53	1.23	0.45	0.61
Total Interest Expense	16.11	9.12	3.11	2.7	4.89
Net Interest Income	28.52	28.02	28.29	27.21	25.14
Net Interest Income Growth (YoY)	1.79%	-0.94%	3.95%	8.22%	0.67%
Gain (Loss) on Sale of Assets	0.02	0.05	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	0.32	0
Other Non-Interest Income	11.23	9.65	9.24	9.66	8.14
Total Non-Interest Income	11.25	9.69	9.24	9.98	8.15
Non-Interest Income Growth (YoY)	16.12%	4.89%	-7.41%	22.50%	-5.84%
Revenues Before Loan Losses	39.78	37.71	37.53	37.19	33.29
Provision for Loan Losses	0.63	0.65	0.63	0.37	2.3
Revenue	39.15	37.06	36.9	36.82	30.99
Revenue Growth (YoY)	5.63%	0.44%	0.22%	18.81%	-1.86%
Salaries and Employee Benefits	14.51	14.26	13.37	12.66	13.23
Occupancy Expenses	3.01	2.99	3.68	5.26	3.98
Selling, General & Administrative	3.34	3.15	2.99	3.22	3.27
Other Non-Interest Expense	7.94	7.59	6.49	6.72	6.52
Total Non-Interest Expense	28.8	27.99	26.52	27.87	27
EBT Excluding Unusual Items	10.35	9.07	10.38	8.95	3.99
Pretax Income	10.35	9.33	10.38	8.95	3.99
Income Tax Expense	2.15	2.15	2.3	1.94	1.1
Net Income	8.2	7.18	8.08	7.01	2.89
Net Income to Common	8.2	7.18	8.08	7.01	2.89
Net Income Growth	14.20%	-11.11%	15.29%	142.56%	40.36%
Basic Shares Outstanding	24	24	24	24	24
Diluted Shares Outstanding	24	24	24	24	24
Shares Change (YoY)	-0.51%	-0.39%	-0.10%	-0.29%	-
EPS (Basic)	0.35	0.30	0.34	0.29	0.12
EPS (Diluted)	0.35	0.30	0.34	0.29	0.12
EPS Growth	15.47%	-11.29%	16.61%	141.67%	39.42%
Dividend Per Share	0.070	0.060	0.050	-	-
Dividend Growth	16.67%	20.00%	-	-	-
Effective Tax Rate	20.76%	23.01%	22.15%	21.69%	27.62%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.