Quarterly ResultOct 21, 2026, 09:01 AM
Plumas Bancorp Reports Record Q3 Earnings of $11.4M
AI Summary
Plumas Bancorp announced record third quarter 2026 earnings, with net income of $11.4 million, or $1.64 per share, a substantial increase from $5.1 million, or $0.74 per share, in the third quarter of 2025. This strong performance was driven by an increase in net interest income and a significant decrease in the provision for credit losses. The company also reported improvements in return on average assets and return on average equity. For the nine-month period, net income also saw a significant increase.
Key Highlights
- Plumas Bancorp reported record Q3 2026 earnings of $11.4 million, or $1.64 per share, a significant increase from $5.1 million, or $0.74 per share, in Q3 2025.
- Diluted EPS rose to $1.61 in Q3 2026 from $0.73 in Q3 2025.
- Return on average assets increased to 1.98% in Q3 2026 from 0.90% in Q3 2025.
- Return on average equity increased to 16.7% in Q3 2026 from 8.5% in Q3 2025.
- Net interest income increased by $1.3 million to $26.5 million in Q3 2026 compared to Q3 2025.
- Provision for credit losses decreased significantly from $5.4 million in Q3 2025 to $150 thousand in Q3 2026.
- For the nine months ended Sept 30, 2026, net income was $31.1 million, or $4.46 per share, up from $18.6 million, or $2.98 per share, in the prior year period.
Price Impact
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