New Peoples Bankshares Posts Record Q2 Net Income and Ends Buyback
NWPP has more than doubled off its 52-week low of $1.99 on light trading volume (0.1× avg).
Summary
New Peoples Bankshares posted record Q2 2026 net income of $3.5 million, up 36% year-over-year, and terminated its stock repurchase program.
Key Events · Earnings and Guidance · NWPP
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Record Q2 Net Income
Net income reached $3.5 million, or $0.15 per share, a 36.3% increase from $2.5 million in Q2 2025. For the first six months, net income totaled $6.5 million, or $0.28 per share, compared to $4.4 million in the prior year.
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Net Interest Margin Expansion
Driven by higher loan yields and lower funding costs, the net interest margin improved to 4.12% from 3.86% a year ago. Net interest income rose 14.4% to $9.4 million.
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Balance Sheet Growth
Since year-end 2025, loans held for investment increased $22.7 million to $732.3 million, and total deposits grew $29.2 million to $827.5 million.
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Stock Repurchase Program Terminated
The board terminated the share repurchase program on July 20, 2026. During the first half of 2026, the company had repurchased 27,701 shares at an average price of $3.54.
Analysis · NWPP · Finance
A record quarter saw net income jump 36% to $3.5 million, fueled by loan growth and a widening net interest margin. Tempering the strong results, however, is the board's decision to terminate the stock repurchase program, which removes a source of share demand. The bank remains well-capitalized with a leverage ratio above 11%, and asset quality is stable as nonperforming assets decline. While the earnings beat and balance sheet expansion reinforce a positive trajectory, the buyback termination marks a notable shift in capital allocation.
At the time of this filing, NWPP was trading at $4.49 on OTC in the Finance sector, with a market capitalization of approximately $105.8M. The 52-week trading range was $1.99 to $4.49. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.