Quarterly ResultJul 15, 2026, 09:02 AM
Plumas Bancorp Q2 Earnings $9.9M; Diluted EPS $1.41
AI Summary
Plumas Bancorp announced record earnings for the second quarter of 2026, with net income reaching $9.9 million, or $1.43 per share, a significant increase from the prior year. Diluted earnings per share rose to $1.41. The company experienced substantial growth across its balance sheet, largely driven by the acquisition of Cornerstone Community Bank, with total assets increasing by 39.9%, gross loans by 49%, and total deposits by 37.9%. Net interest income also saw a strong increase of 43.0%. The company also increased its quarterly cash dividend to $0.33 per share.
Key Highlights
- Q2 2026 Net Income: $9.9 million, up 57.6% from $6.3 million YoY.
- Q2 2026 Diluted EPS: $1.41, up 34.3% from $1.05 YoY.
- Net Interest Income (Q2 2026): $26.0 million, up 43.0% from $18.2 million YoY.
- Total Assets (June 30, 2026): $2.28 billion, up 39.9% from $1.63 billion YoY.
- Gross Loans (June 30, 2026): $1.51 billion, up 49% from $1.02 billion YoY.
- Total Deposits (June 30, 2026): $1.89 billion, up 37.9% from $1.37 billion YoY.
- Quarterly cash dividend: $0.33 per share, up from $0.30 per share YoY.
- Nonperforming assets (June 30, 2026): $23.6 million (1.04% of total assets), up from $13.7 million (0.84%) YoY.
Price Impact
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