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New Peoples Bankshares Inc   (NWPP)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial

New Peoples Bankshares Inc 's

Competitiveness


 

NWPP Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, New Peoples Bankshares Inc reported Total Revenue increase in the 1 quarter 2021 by 14.36 % year on year.
The revenue growth was below New Peoples Bankshares Inc 's competitors average revenue growth of 22.19 %, recorded in the same quarter.

List of NWPP Competitors

With net margin of 18.97 % company reported lower profitability than its competitors.

More on NWPP Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


New Peoples Bankshares Inc Net Income in the 1 quarter 2021 grew year on year by 3345.65 %, faster than average growth of New Peoples Bankshares Inc 's competitiors of 153.97 %

<<  More on NWPP Income Comparisons


New Peoples Bankshares Inc 's Comment on Competitors and Industry Peers


The banking business is highly competitive. We compete as a financial intermediary with other commercial banks, savings and loan associations, credit unions, mortgage banking firms, consumer finance companies, securities brokerage firms, insurance companies, money market mutual funds and other financial institutions operating in the southwestern Virginia, southern West Virginia, and eastern Tennessee market area and elsewhere. Our market area is a highly competitive, highly branched banking market.

Competition in the market area for loans to small businesses and professionals, the Bank’s target market, is intense, and pricing is important. Many of our larger competitors have substantially greater resources and lending limits than we have. They offer certain services, such as extensive and established branch networks and trust services that we do not expect to provide or will not provide in the near future. Moreover, larger institutions operating in the market area have access to borrowed funds at lower costs than are available to us. Deposit competition among institutions in the market area also is strong. As a result, it is possible that we may have to pay above-market rates to attract deposits.

While pricing is important, our principal method of competition is service. As a community banking organization, we strive to serve the banking needs of our customers while developing personal, hometown relationships with them. As a result, we provide a significant amount of service and a range of products without the fees that customers can expect from larger banking institutions.



  

Overall company Market Share Q1 2021

Despite revenue growth of 14.36 % in Overall company, New Peoples Bankshares Inc lost market share within this segment.





<<  More on NWPP Market Share.
 

*Market share calculated with total revenue.


NWPP's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
New Peoples Bankshares Inc 32 47 4 242
M and t Bank Corporation 5,411 17,159 1,456 14,609
The Bank Of New York Mellon Corporation 15,415 45,416 3,596 50,300
Citigroup inc 72,894 142,003 16,546 241,000
Comerica Incorporated 3,235 9,362 1,104 8,876
Academy Sports And Outdoors Inc 6,349 3,574 306 0
NATIONAL CITY CORP. 0 0 0 0
SOVEREIGN BANCORP, INC. 0 0 0 0
Us Bancorp De 20,936 82,860 6,091 66,750
Wells Fargo and Company 76,838 190,308 15,479 264,900
Countrywide Financial Corporation 0 0 0 0
Cit Group Inc 2,676 4,746 625 3,360
Peoples United Financial Inc 1,861 6,678 509 4,856
Keycorp 6,402 19,038 1,819 13,853
General Electric Co 76,742 853,663 -2,488 305,000
Fifth Third Bancorp 7,353 26,101 2,075 18,351
Pnc Financial Services Group Inc 16,604 77,438 8,469 0
First Horizon Corp 3,169 8,536 1,077 0
Capital one financial corp 30,593 72,402 11,742 46,000
Suntrust Banks Inc 9,119 31,305 2,687 26,281
Jpmorgan Chase and Co 118,519 465,437 38,830 241,359
Huntington Bancshares Incorporated 4,063 14,574 1,033 0
Slm Corp 2,353 6,003 1,385 1,000
Regions Financial Corporation 5,667 18,498 2,084 23,723
Bok Financial Corp 1,851 5,809 517 4,789
Popular Inc 2,196 6,116 591 7,810
Bank Of America Corporation 84,722 331,600 27,625 224,000
Community Choice Financial Inc. 454 0 -176 3,356
Citizens Financial Group Inc 6,031 18,039 1,526 17,000
City National Corp 0 0 0 3,570
East West Bancorp inc 1,486 10,163 628 2,833
First Citizens Bancshares Inc 1,920 7,682 582 5,734
First Financial Bankshares Inc 496 6,950 222 1,270
First Interstate Bancsystem Inc 607 2,587 166 1,742
First Midwest Bancorp Inc 637 2,043 111 1,790
Fnb Corp 1,140 3,725 332 2,747
First Niagara Financial Group Inc 1,326 0 255 5,428
Fulton Financial Corp 836 2,511 200 3,460
Glacier Bancorp Inc 720 4,926 265 2,245
Great Western Bancorp Inc 393 1,708 109 1,475
Hilltop Holdings inc 2,169 2,604 507 5,300
Iberiabank Corp 1,182 2,266 384 3,084
Independence Bancshares, Inc. 3 3 -2 30
First Internet Bancorp 99 302 34 152
Independent Bank Corp 454 2,334 136 1,051
National Bank Of Greece Sa 1,434 0 -276 10,723
Nbt Bancorp Inc 411 1,526 110 1,721
National Penn Bancshares Inc 0 0 0 1,606
Ofg Bancorp 473 1,192 103 1,466
Bank Of The Ozarks Inc 253 1,556 87 1,642
Park National Corporation 420 1,873 126 1,793
Privatebancorp, Inc 505 5,031 123 1,219
Renasant Corp 648 1,997 140 1,996
Simmons First National Corp 787 2,959 549 1,946
Svb Financial Group 3,910 29,182 1,417 2,089
Santander Holdings Usa Inc 8,742 0 359 15,150
South State Corp 1,183 4,921 243 2,058
S and t Bancorp Inc 214 1,160 29 1,067
Triumph Bancorp Inc 396 1,929 116 500
Tcf Financial Corporation 1,435 0 326 0
Texas Capital Bancshares Inc 963 3,229 263 1,329
Tidelands Bancshares Inc 0 0 0 79
Talmer Bancorp, Inc. 0 0 0 1,199
Union Bankshares Inc 47 144 13 0
United Bankshares Inc 952 4,452 304 1,701
United Community Banks Inc 644 2,520 199 1,883
Umb Financial Corp 1,178 4,558 314 3,830
Valley National Bancorp 1,219 5,254 419 2,929
Westamerica Bancorporation 211 1,491 84 813
Western Alliance Bancorporation 1,554 9,598 746 1,446
Webster Financial Corporation 1,137 4,338 291 2,946
Wesbanco Inc 559 2,174 172 1,633
Atlantic Capital Bancshares inc 96 493 34 361
Ajs Bancorp, Inc. 0 0 0 40
American National Bankshares Inc 97 347 33 303
American River Bankshares 28 117 8 100
Arrow Financial Corporation 130 561 53 511
Cordia Bancorp Inc 0 0 0 55
Commerce Bancshares Inc 1,280 8,346 438 4,391
California First National Bancorp 24 192 8 107
Cullen 1,309 6,940 417 4,211
Community First Inc 20 0 4 106
Commercial Bancshares Inc Oh 0 0 0 72
Congaree Bancshares Inc 0 0 0 20
Citizens Bancshares Corp 0 0 0 97
Dcb Financial Corp 0 0 0 164
Embassy Bancorp Inc 40 156 14 76
Equity Bancshares Inc 151 435 -61 297
Allegiance Bancshares Inc 223 746 73 305
Fidelity D and D Bancorp Inc 61 256 16 164
F and m Bank Corp 43 99,391 24 168
First Nbc Bank Holding Co 0 0 0 486
Fncb Bancorp Inc 52 149 19 269
Franklin Financial Services Corporation 57 150 16 250
First National Corp 36 104 10 187
Hills Bancorporation 138 606 47 391
Hcsb Financial Corp 28 60 24 90
County Bancorp Inc 53 215 15 97
Isabella Bank Corp 65 187 19 374
Juniata Valley Financial Corp 25 86 6 105
Lnb Bancorp Inc 0 0 0 272
Mackinac Financial Corp 65 213 14 173
National Bank Holdings Corp 330 1,104 100 956
National Commerce Corp 119 685 25 289
Nicolet Bankshares Inc 0 0 0 280
First Business Financial Services Inc 106 239 28 258
Prosperity Bancshares Inc 1,140 6,313 531 3,037
Pilgrim Bancshares, Inc. 8 48 1 34
Prime Meridian Holding Co 20 68 6 56
Sb Financial Group, Inc. 0 0 0 214
Southeastern Bank Financial Corp 64 0 16 346
Smartfinancial Inc 117 368 31 225
Sun Bancorp Inc 74 470 62 362
Sunnyside Bancorp Inc 2 13 -1 15
Square 1 Financial Inc 0 0 0 258
Surrey Bancorp 0 0 0 64
T Bancshares, Inc. 0 0 0 39
Mufg Americas Holdings Corporation 5,894 0 836 12,400
United Bancshares Inc 4 29 0 151
United Bancshares Inc 4 0 0 173
Uwharrie Capital Corp 47 62 12 156
Washington Trust Bancorp Inc 230 850 78 582
Wilson Bank Holding Co 135 0 41 446
Wsfs Financial Corporation 525 2,092 119 947
Investors Bancorp Inc 712 3,253 219 1,712
Bankfinancial Corp 51 165 8 230
West Bancorporation Inc 92 494 41 174
Brookline Bancorp inc 282 1,127 91 675
Meta Financial Group Inc 447 1,595 123 638
First Savings Financial Group inc 237 176 52 148
Madison County Financial, Inc. 0 0 0 51
Carolina Financial Corporation 184 738 63 421
Carolina Bank Holdings Inc 0 0 0 192
Communityone Bancorp 0 0 0 544
Entegra Financial Corp. 56 214 14 219
First Community Corporation 53 155 12 186
Four Oaks Fincorp Inc 31 125 8 179
First South Bancorp Inc 48 178 9 298
Monarch Financial Holdings, Inc. 0 0 0 643
Newbridge Bancorp 0 0 0 487
Peoples Bancorp Of North Carolina Inc 66 159 13 284
Park Sterling Corp 137 689 28 493
Select Bancorp inc 60 277 13 153
Southcoast Financial Corp 0 0 0 85
Asb Bancorp Inc 33 168 1 152
Oconee Federal Financial Corp 17 124 4 81
Security Federal Corporation 41 110 9 190
Banc Of California Inc 222 1,641 54 1,679
Hometrust Bancshares Inc 134 434 27 475
Access National Corp 123 489 22 129
Orix Corporation 20,638 108,839 1,772 33,333
Nomura Holdings Inc 14,599 15,680 1,448 28,865
Mizuho Financial Group Inc 26,278 7,283 7,369 56,375
Wedbush ETFMG Video Game Tech 0 0 0 217
B Riley Financial Inc 1,503 1,940 560 217
Alamogordo Financial Corp 0 0 0 97
General Electric Capital Corp 44,497 0 5,948 47,000
Newstar Financial, Inc. 89 489 20 122
Wintrust Financial Corp 1,602 4,112 383 0
SUBTOTAL 749,302 2,880,348 176,120 1,906,364


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