Quarterly ResultApr 15, 2026, 09:04 AM
Plumas Bancorp Reports Record Q1 EPS of $1.40, Net Income Up 36%
AI Summary
Plumas Bancorp announced record first-quarter earnings of $9.8 million, a 36% increase year-over-year, with diluted EPS rising to $1.38. Net-interest income grew significantly by $6.6 million to $25.1 million, largely driven by the acquisition of Cornerstone Community Bank. The company also highlighted strong balance sheet growth, including a 49% increase in gross loans and a 29% rise in deposits, and initiated a $25 million share repurchase program.
Key Highlights
- Q1 Net Income: $9.8 million, up 36% from $7.2 million YoY.
- Diluted EPS: $1.38, up from $1.20 in Q1 2025.
- Net-interest income: Increased by $6.6 million to $25.1 million.
- Gross loans: Increased 49% to $1.5 billion YoY.
- Deposits: Increased 29% to $1.8 billion YoY.