New Peoples Bankshares Inc Overview
Pro stress-test →New Peoples Bankshares Inc operates as a financial holding company for New Peoples Bank, Inc. that provides general banking services to individuals, small to medium-sized businesses, and professional communities in the United States. Founded in 1997 and headquartered in Honaker, Virginia, the company offers comprehensive retail and commercial banking products including deposit accounts, loans, investment services, and treasury management.
Strategic Profile
Pro stress-test →In Q1 2026, New Peoples delivered net income of $3.1M, up 60.48% from Q1 2025, with EPS rising to $0.13 from $0.08, demonstrating improving profitability and operational efficiency. Total assets reached $939.6M with loans growing to $723.3M and deposits increasing to $827.7M, while the net interest margin improved to 3.99%. The bank maintains a community-focused position targeting underserved markets with strong capital management and consistent shareholder returns.
Competitive Landscape
Pro stress-test →New Peoples competes in the fragmented community banking sector with larger regional banks (First Bancorp, United Bankshares), local credit unions, and increasingly sophisticated digital-first competitors. As a sub-$1B asset bank in rural Appalachia, it emphasizes personalized service and local market knowledge against larger institutions. OTC listing limits institutional investor access compared to NASDAQ/NYSE regional banks.
Industry Context
New Peoples Bankshares Inc operates in Community banking and retail financial services.
Key facts
Founded: 1997 · Headquarters: Honaker, Virginia · Revenue: $42.26M (2025) · Market cap: N/A