Plumas Bancorp Q4 net income up 42% to $7.8M; full-year record $26.4M

PLUMAS BANCORP

2022-FY EPS reported $4.47

Net income Q4 2022: $7.8M ($1.34/diluted $1.32 per share), up 42% from $5.5M ($0.95) in Q4 2021.
Full-year 2022 net income $26.4M ($4.53/diluted $4.47), up 26% from $21.0M ($3.82) in 2021.
Net interest margin expanded 101 bps to 4.45% in Q4 and 19 bps to 3.82% for full year.
Gross loans grew 9% to $912M; non-performing assets fell 78% to $1.2M (0.07% of total assets).
Plans to open a de novo branch in Chico, CA in first half 2023, expanding Central Valley footprint.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLUMAS BANCORP reported financial results for the three months and year ended December 31, 2022.

Period: the three months and year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 18, 2023, Plumas Bancorp (the "Registrant") reported its financial results for the three months and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001437749-23-001189

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