---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028464"
form_type: "8-K"
ticker: "PLBC"
cik: "0001168455"
company_name: "PLUMAS BANCORP"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:41:25.724767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0001437749-23-028464
- form_type: 8-K
- ticker: PLBC
- cik: 0001168455
- company_name: PLUMAS BANCORP
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/0001437749-23-028464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/plbc20231013_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028464
- JSON: https://secwatch.observer/filing/0001437749-23-028464.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028464.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/0001437749-23-028464-index.htm
- Earnings Releases
  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
  source text: On October 18, 2023, Plumas Bancorp (the "Registrant") reported its financial results for the three months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/0001437749-23-028464-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774923028464/0001437749-23-028464-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.