On March 17, 2026, New Peoples Bankshares Inc. announced that its Board of Directors has authorized the continuation of a share repurchase program, allowing the company to buy back up to 500,000 shares of its common stock. This decision is part of the company's ongoing strategy to enhance shareholder value and reflects confidence in its financial position and future prospects. The repurchase program is set to run through March 31, 2027, indicating a long-term commitment to returning capital to shareholders. The company believes that repurchasing shares at current market prices represents an attractive investment opportunity. This move is expected to have a small positive effect on the stock price as it signals the company's strong liquidity position and commitment to shareholder returns. The press release detailing this decision has been attached as Exhibit 99.1 to the Form 8-K filed with the SEC.

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