New Peoples Bankshares Q2 FY26 net income rises 46.69% to $6.5 million; net interest margin widens 26 basis points to 4.12%

Reuters2026/08/12 21:03

By:Reuters

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New Peoples Bankshares posted Q2 net income of $3.5 million, or $0.15 per share.
Net interest margin widened 26 basis points to 4.12% from a year earlier.
Provision for credit losses fell 59.09% to $63,000, reflecting loan growth and a modest qualitative-factor adjustment tied to Middle East conflict uncertainty.
Loans held for investment rose 3.2% to $732.3 million from Dec. 31, while deposits increased 3.66% to $827.5 million.
Board terminated the stock repurchase program on July 20; 27,701 shares were bought in H1 at an average $3.54.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Peoples Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001903596-26-000307), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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New Peoples Bankshares Q2 FY26 net income rises 46.69% to $6.5 million; net interest margin widens 26 basis points to 4.12%

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