---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012250"
form_type: "8-K"
ticker: "PLBC"
cik: "0001168455"
company_name: "PLUMAS BANCORP"
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:32:02.567385+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-012250
- form_type: 8-K
- ticker: PLBC
- cik: 0001168455
- company_name: PLUMAS BANCORP
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/0001437749-24-012250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/plbc20240412_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012250
- JSON: https://secwatch.observer/filing/0001437749-24-012250.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012250.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/0001437749-24-012250-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1168455/000143774924012250/0001437749-24-012250-index.htm

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