New Peoples Bankshares Q2 2026: Net Income Up 36%, NIM Expands to 4.12%
NWPP has more than doubled off its 52-week low of $1.99 on light trading volume (0.2× avg).
Summary
New Peoples Bankshares reported Q2 2026 net income of $3.5 million, up 36% year-over-year, with net interest margin expanding to 4.12%. The bank also terminated its stock repurchase program.
Key Events · Earnings and Guidance · NWPP
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Record Q2 Net Income
Net income of $3.5 million for Q2 2026, up 36% from $2.5 million in Q2 2025. EPS was $0.15, up from $0.11.
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Net Interest Margin Expansion
Net interest margin improved 26 basis points to 4.12%, driven by a 25 bps increase in loan yields to 6.45% and a 14 bps decline in funding costs to 2.52%.
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Balance Sheet Growth
Total loans grew $22.7 million to $732.3 million and total deposits increased $29.2 million to $827.5 million during the first half of 2026.
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Stock Repurchase Program Terminated
On July 20, 2026, the Board terminated the stock repurchase program, which had authorized up to 500,000 shares through March 31, 2027. 382,774 shares had been repurchased since 2022.
Analysis · NWPP · Finance
The 10-Q confirms the record Q2 earnings previously announced in the July 31 8-K, but adds full financial statements and key metrics. Net interest margin expanded 26 basis points to 4.12%, driven by higher loan yields and lower funding costs. The bank remains well-capitalized with a leverage ratio of 11.17%. The termination of the stock repurchase program on July 20, 2026 removes a source of share support, though the company continues to pay a dividend.
At the time of this filing, NWPP was trading at $4.66 on OTC in the Finance sector, with a market capitalization of approximately $109.8M. The 52-week trading range was $1.99 to $4.66. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.