Plumas Bancorp reports record FY2023 net income $29.8M; Q4 net income down 4% YoY to $7.5M

PLUMAS BANCORP

2023-FY EPS reported $5.02

Net income for 2023 $29.8M ($5.08 basic EPS) vs $26.4M ($4.53) in 2022, up 13%.
Q4 2023 net income $7.5M ($1.28), down 4% from $7.8M ($1.34) in Q4 2022.
Net interest margin expanded 89 bps to 4.71% for 2023; loans +5% to $959M, deposits -9% to $1.3B.
Nonperforming assets rose to $5.3M from $1.2M; allowance/loans 1.34% vs 1.18% a year ago.
Management terminated indirect auto loan program; plans sale-leaseback in Q1 2024 to restructure portfolio.

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 0.98

PLUMAS BANCORP reported the three months ended December 31, 2023 results: net income $7.5 million, EPS $1.28 per share.

Period: the three months ended December 31, 2023
Net income: $7.5 million
EPS: $1.28 per share
Result: reported results

Exact text from the filing

Earnings during the fourth quarter of 2023 totaled $7.5 million or $1.28 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PLUMAS BANCORP reported the year ended December 31, 2023 results: net income $29.8 million, EPS $5.08 per share.

Period: the year ended December 31, 2023
Net income: $29.8 million
EPS: $5.08 per share
Result: reported results

Exact text from the filing

For the twelve months ended December 31, 2023, the Company reported net income of $29.8 million or $5.08 per share

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PLUMAS BANCORP filing history →

Source: SEC EDGAR

accession 0001437749-24-001476

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