What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2024-04-01 compared with 2023-03-31 · 32 added, 23 removed, 15 unchanged (79% of the section changed)

Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of

Equity Securities

Market Information

Computershare

Investor Services is the stock transfer agent for New Peoples Bankshares, Inc.

Computershare Investor

Services is the stock transfer agent for New Peoples Bankshares, Inc.

The common stock of New Peoples is quoted on the OTC Market’s

5 unchanged sentences

prices without retail mark up, mark down or commissions and may not necessarily represent actual transactions.

most recent sales price of which management is aware was $2.25 per share on March 20, 2023.

March 22, 2023, there were approximately 4,060 shareholders of record.

The most recent sales

price of which management is aware was $2.50 per share on March 13, 2024.

On March 27, 2024,

there were approximately 3,956 shareholders of record.

declaration of dividends in the future will depend on our earnings, capital requirements, growth strategies, and compliance with regulatory

mandates, principally at the Bank level, since the Company’s primary source of income is dividends paid by the Bank.

first quarter of 2022, the Company paid its first cash dividend of $0.05 per common share to our shareholders.

On February 27, 2023,

the Company declared a dividend of $0.06 per share, payable March 31, 2023 to shareholders of record as of March 15, 2023.

are subject to certain dividend restrictions and capital requirements imposed by the Federal Reserve Bank as well as Virginia statutes

and regulations.

See Note 16, Dividend Limitations on Subsidiary Bank, and Note 21, Capital, to the consolidated financial statements

contained in Item 8 of this Form 10-K.

Company has an approved one-year stock repurchase program that authorizes the repurchase of up to 500,000 of the Company’s common

shares through March 31, 2023.

Any declaration of

dividends in the future will depend on our earnings, capital requirements, growth strategies, and compliance with regulatory mandates,

principally at the Bank level, since the Company’s primary source of income is dividends paid by the Bank.

The Company paid a dividend

of $0.06 per share in 2023.

On February 26, 2024, the Company declared a dividend of $0.07 per share, payable March 29, 2024.

We are subject to

certain dividend restrictions and capital requirements imposed by the Federal Reserve Bank as well as Virginia statutes and regulations.

See Note 16, Dividend Limitations on Subsidiary Bank, and Note 22, Capital, to the consolidated financial statements contained in Item

8 of this Form 10-K.

The Company extended

the stock repurchase program initiated in 2022 that authorizes the repurchase of up to 500,000 of the Company’s common shares through

March 31, 2024.

Repurchases may be made through open market purchases or in privately negotiated transactions.

repurchased will be returned to the status of authorized and unissued shares of common stock.

The actual means and timing of any purchases,

number of shares and prices or range of prices will be determined by the Company.

of the Company’s common stock were repurchased during the three months ended December 31, 2022, as detailed below.

Under the terms

of the stock repurchase program, the Company has the remaining authority to repurchase up to 426,405 shares of common stock.

27, 2023, the board of directors approved an extension of the repurchase program through March 31, 2024.

Shares repurchased will

be returned to the status of authorized and unissued shares of common stock.

The actual means and timing of any purchases, number of

shares and prices or range of prices will be determined by the Company.

Shares of the Company’s

common stock were repurchased during the three months ended December 31, 2023, as detailed below.

Under the terms of the stock repurchase

program, the Company has the remaining authority to repurchase up to 323,814 shares of common stock.

On February 26, 2024, the Board

of Directors approved an extension of the repurchase program through March 31, 2025.

Beginning on First Day of Month Ended

3 unchanged sentences

Number of Shares That May Yet Be Purchased Under Plans or Programs

Not applicable.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity