Plumas Bancorp (NASDAQ:PLBC), the parent company of Plumas Bank, has reported record-breaking financial results for the first quarter ended March 31, 2026.
The company achieved net income of $9.8 million, or $1.40 per diluted share, representing a significant jump from previous periods.
The primary engine behind this growth was a $6.6 million year-over-year increase in net interest income, which was bolstered by a higher interest rate environment and a much larger earning asset base.
The first quarter results reflect the full integration of Cornerstone Community Bancorp, which Plumas acquired on July 1, 2025.
This transformative deal has drastically reshaped the company’s balance sheet; gross loans surged by 49% to reach $1.5 billion, while total deposits grew by 29% to $1.8 billion.
Despite the rapid expansion, the bank maintained healthy capital ratios, with book value per share increasing by 20% over the last twelve months to $38.05.