Filing Flows › New Peoples Bankshares (NWPP) › Q4 2024
New Peoples Bankshares (NWPP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
New Peoples Bankshares (NWPP) reported revenue of $11.3M for the fourth quarter 2024 (Q4 2024), +17% from a year earlier and +18% from the quarter before. Operating margin was 27.6%, net earnings $2.6M (23.3% of revenue).
New Peoples Bankshares, Q4 2024: revenue $11.3M (+17% year over year), operating margin 27.6%, net earnings $2.6M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.3M | +18% | +17% |
| Operating profit | $3.1M | +14% | +50% |
| Net earnings | $2.6M | +25% | +70% |
| Operating cash flow | $1.4M | -51% | +36% |
| Free cash flow | $1.3M | -51% | +79% |
What changed
Revenue was $11.3M in Q4 2024, up 17% year over year and up 18% from the previous quarter.
Operating profit was $3.1M, a 27.6% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 22% margin then. Total costs grew 8% against revenue growth of 17%. Net earnings were $2.6M, up 70% year over year. The effective tax rate was 15.7%.
Operating cash flow was $1.4M (up 36% year over year), 55% of net earnings. Non-cash charges added back $374K of depreciation. Working capital and other items used $1.6M. Capital expenditures of $105K left free cash flow of $1.3M.
Questions
What was New Peoples Bankshares' revenue in the fourth quarter 2024?
New Peoples Bankshares (NWPP) reported revenue of $11.3M for the fourth quarter 2024 (Q4 2024), +17% from a year earlier and +18% from the quarter before.
Was New Peoples Bankshares profitable in the fourth quarter 2024?
Operating profit was $3.1M (27.6% of revenue) and net earnings $2.6M.