Plumas Bancorp Q3 net income $8.0M ($1.36 EPS), record quarter; NIM widens to 4.77%

PLUMAS BANCORP

2023-Q3 EPS reported $3.75 revenue$2,051,000

Q3 2023 net income $8.0M ($1.34 diluted EPS) vs $7.2M ($1.23) in Q3 2022; record for any quarter.
Net interest margin expanded 77 bps to 4.77% from 4.00% YoY; average loan yield up 65 bps to 6.00%.
Gross loans grew 12% YoY to $959M; deposits decreased $109M to $1.4B, with 53% non-interest bearing.
Nonperforming assets rose to $4.8M (0.31% of assets) from $1.9M; $1.8M of walnut grower loans paid off in early October.
Discontinued dealer loan program; ROAA improved to 2.00% (from 1.72%) and ROAE to 24.4% (from 23.7%).

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 nine months ended September 30, 2023 results: net income $22.3 million, EPS $3.80 per share.

Period: nine months ended September 30, 2023
Net income: $22.3 million
EPS: $3.80 per share
Result: reported results

Exact text from the filing

For the nine months ended September 30, 2023, the Company reported net income of $22.3 million or $3.80 per share, an increase of $3.6 million from $18.6 million or $3.19 per share earned during the nine months ended September 30, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLUMAS BANCORP reported three months ended September 30, 2023 results: net income $8.0 million, EPS $1.36 per share.

Period: three months ended September 30, 2023
Net income: $8.0 million
EPS: $1.36 per share
Result: reported results

Exact text from the filing

On October 18, 2023, Plumas Bancorp (the "Registrant") reported its financial results for the three months ended September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLUMAS BANCORP reported three months ended September 30, 2022 results: net income $7.2 million, EPS $1.24 per share.

Period: three months ended September 30, 2022
Net income: $7.2 million
EPS: $1.24 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 third quarter of 2023 of $8.0 million or $1.36 per share, an increase of $742 thousand from $7.2 million or $1.24 per share during the third quarter of 2022.

View on SEC.gov

Browse all earnings releases →

PLUMAS BANCORP filing history →

Source: SEC EDGAR

accession 0001437749-23-028464

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.