Plumas Bancorp reports record Q1 2023 net income of $7.6M, EPS $1.30, up 33% YoY

PLUMAS BANCORP

2023-Q1 EPS reported $1.28 revenue$617,000

Net income $7.6M ($1.28 diluted) vs $5.7M ($0.97) in Q1 2022; ROAA 1.93% vs 1.42%.
Net interest income $17.1M (+43% YoY); NIM widened 143 bps to 4.64%.
Gross loans grew 9% to $916M; deposits fell $61M to $1.4B (53% non-interest bearing).
Nonperforming assets improved to $4.2M (0.26% of assets) from $5.2M; ACL ratio 1.35%.
Liquidity: $479M uninsured deposits ($84M collateralized); no borrowings; FHLB ($240M), BTFP, and other lines available.

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 0.95

PLUMAS BANCORP reported three months ended March 31, 2023 results: net income $7.6 million, EPS $1.30 per share.

Period: three months ended March 31, 2023
Net income: $7.6 million
EPS: $1.30 per share
Result: reported results

Exact text from the filing

On April 19, 2023, Plumas Bancorp (the "Registrant") reported its financial results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001437749-23-010607

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