Plumas Bancorp reports record Q2 earnings of $6.7M; NIM expands to 4.69%

PLUMAS BANCORP

2023-Q2 EPS reported $2.41 revenue$1,313,000

Net income Q2 2023 $6.7M ($1.14 diluted) vs $5.7M ($0.96) YoY, record earnings.
Net interest margin 4.69% up 112 bps; ROAA 1.70% vs 1.40% YoY.
Nonperforming assets rose to $9.6M (0.61% of assets) from $2M; walnut grower loans.
Gross loans +9% to $936M; total deposits -$77M to $1.4B; no brokered deposits.
Chico branch opened in Q2; exploring strategic opportunities.

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 the three months ended June 30, 2023 results: net income $6.7 million, EPS $1.14 per share.

Period: the three months ended June 30, 2023
Net income: $6.7 million
EPS: $1.14 per share
Result: reported results

Exact text from the filing

Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2023 of $6.7 million or $1.14 per share, an increase of $1.0 million from $5.7 million or $0.97 per share during the second quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLUMAS BANCORP reported the six months ended June 30, 2023 results: net income $14.3 million, EPS $2.44 per share.

Period: the six months ended June 30, 2023
Net income: $14.3 million
EPS: $2.44 per share
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, the Company reported net income of $14.3 million or $2.44 per share, an increase of $2.9 million from $11.4 million or $1.95 per share earned during the six months ended June 30, 2022.

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Source: SEC EDGAR

accession 0001437749-23-020187

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