earnings
confidence high
sentiment negative
materiality 0.60
Plumas Bancorp reports full-year net income $28.6M ($4.85 EPS), down 4% from 2023
PLUMAS BANCORP
2024-FY EPS reported
$4.80
- Q4 net income $7.7M ($1.31 basic EPS) vs $7.5M ($1.28 basic EPS) in Q4 2023.
- Full-year EPS decreased to $4.85 from $5.08; ROAA fell to 1.74% from 1.88% and ROAE fell to 17.2% from 23.4%.
- Net interest margin expanded to 4.79% for the year (4.71% in 2023); loans grew 6% to $1B, deposits up 3% to $1.4B.
- Non-interest income declined $1.9M largely due to a $19.9M gain on building sale offset by $19.8M investment loss and absence of 2023 swap termination gain.
- Nonperforming assets improved to 0.27% of total assets (down from 0.33%); allowance for credit losses 1.30% of loans.