Quarterly ResultJul 15, 2026, 09:02 AM
Plumas Bancorp Q2 Net Income $9.9M; EPS $1.43
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. The company reported strong growth in net interest income, return on average assets, and return on average equity. This performance was largely attributed to the successful acquisition of Cornerstone Community Bank, which contributed to substantial increases in loans and deposits.
Key Highlights
- Q2 2026 net income was $9.9 million, up from $6.3 million in Q2 2025.
- Q2 2026 diluted EPS was $1.41, an increase from $1.05 in Q2 2025.
- Net interest income for Q2 2026 rose to $26.0 million from $18.2 million.
- Return on average assets for Q2 2026 was 1.79%, up from 1.56% in Q2 2025.
- Return on average equity for Q2 2026 increased to 15.0% from 13.4% in Q2 2025.
- Gross loans increased by $494 million (49%) to $1.5 billion at June 30, 2026.
- Total deposits grew by $518 million (38%) to $1.9 billion at June 30, 2026.
- Nonperforming assets increased to $23.6 million (1.04% of total assets) at June 30, 2026.
Price Impact
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