Plumas Bancorp Q3 2024 EPS $1.33, net income $7.8M, down from $8.0M YoY

PLUMAS BANCORP

2024-Q3 EPS reported $3.50 revenue$2,224,000

Net income $7.8M ($1.33 basic EPS) vs $8.0M ($1.36) in Q3 2023; diluted EPS $1.31.
Net interest income rose $1.1M to $18.9M; net interest margin 4.76% vs 4.77% YoY.
Gross loans +$45M to $1.0B; deposits -$51M to $1.35B; non-interest demand 52%.
Nonperforming assets flat at $4.8M; allowance for credit losses 1.35% of loans.
Non-recurring litigation costs of $376K in Q3 2024; BTFP borrowings $60M outstanding.

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