earnings
confidence high
sentiment neutral
materiality 0.55
Plumas Bancorp Q2 net income $6.8M ($1.15 EPS); net interest margin expands 20bps to 4.89%
PLUMAS BANCORP
2024-Q2 EPS reported
$2.19
revenue$1,458,000
- Q2 net income $6.8M ($1.15 diluted EPS) vs $6.7M ($1.14) a year ago; ROA 1.67%, ROE 17.1%.
- Gross loans rose 7% to $997M; deposits fell $91M to $1.3B; 51% non-interest-bearing.
- Net interest margin improved 20bps to 4.89%; loan yield up 48bps to 6.32%.
- Nonperforming assets declined to $9.1M (0.56% of assets); allowance 1.41% of loans.
- BTFP borrowings $105M at 4.85% maturing Jan 2025; no FHLB or correspondent borrowings.