Plumas Bancorp Q1 earnings $1.06 EPS down from $1.30; completes $25.7M branch sale-leaseback

PLUMAS BANCORP

2024-Q1 EPS reported $1.05 revenue$715,000

Net income $6.3M ($1.06 diluted) vs $7.6M ($1.28) in Q1 2023; excludes $1.7M swap gain in prior year.
Gross loans up 7% to $976M; deposits down $107M to $1.3B; nonperforming assets 0.37% vs 0.26%.
Completed sale-leaseback of nine branches for $25.7M; gain $19.9M offset by $19.8M loss on investment restructuring.
BTFP borrowings increased to $105M at 4.85% due Jan 2025; net interest margin 4.62% vs 4.64%.
Book value per share up 25% to $27.39; return on equity 16.4% vs 25.0% prior year.

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 the three months ended March 31, 2023 results: EPS $1.30 per share.

Period: the three months ended March 31, 2023
EPS: $1.30 per share
Result: reported results

Exact text from the filing

Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter earnings of $6.3 million or $1.06 per share, down from $7.6 million or $1.30 per share during the first quarter of 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PLUMAS BANCORP reported the three months ended March 31, 2024 results: EPS $1.06 per share.

Period: the three months ended March 31, 2024
EPS: $1.06 per share
Result: reported results

Exact text from the filing

Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter earnings of $6.3 million or $1.06 per share, down from $7.6 million or $1.30 per share during the first quarter of 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-24-012250

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