Quarterly ResultMay 6, 2026, 09:07 AM
Plumas Bancorp Q1 Net Income $9.76M, EPS $1.40
AI Summary
Plumas Bancorp reported a significant increase in net income for Q1 2026, reaching $9.76 million, up 36% year-over-year, with basic EPS rising to $1.40. This growth was primarily driven by a 35.6% increase in net interest income and a recovery of credit losses. However, total assets, loans, and deposits experienced a slight quarter-over-quarter decrease, while shareholders' equity saw an increase.
Key Highlights
- Net income increased 36% to $9.76 million for Q1 2026, up from $7.18 million in Q1 2025.
- Basic earnings per share rose 15.7% to $1.40 in Q1 2026, compared to $1.21 in Q1 2025.
- Net interest income before credit losses grew 35.6% to $25.14 million in Q1 2026.
- The company recorded a recovery of credit losses of $0.33 million in Q1 2026.
- Total assets decreased 1.72% to $2.20 billion at March 31, 2026, from $2.24 billion at Dec 31, 2025.
- Total deposits decreased 1.92% to $1.77 billion at March 31, 2026, from $1.81 billion at Dec 31, 2025.
- Total shareholders' equity increased 1.65% to $265.39 million at March 31, 2026.
- Cash dividends paid on common stock were $0.33 per share in Q1 2026.