Plumas Bancorp posts record $9.9 million profit
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- Plumas Bancorp reported record Q2 2026 net income of $9.9 million and diluted earnings of $1.41 per share.
- Diluted EPS exceeded the $1.37 analyst estimate, while shares fell 0.4% to $58.32 after the release.
- The Cornerstone acquisition contributed to 49% annual loan growth and 38% deposit growth.
Plumas Bancorp (NASDAQ:PLBC) reported record Q2 2026 net income of $9.9 million, or $1.43 per basic share.
Profit rose from $6.3 million a year earlier, while diluted EPS increased to $1.41 and exceeded the $1.37 analyst estimate.
Net interest income reached $26 million, non-interest income rose to $2.8 million and net interest margin increased to 5.13%.
Following the announcement, Plumas Bancorp's share price was down 0.4% at $58.32.
First-half net income increased to $19.7 million, or $2.83 per basic share, from $13.5 million and $2.28 a year earlier.
The Cornerstone acquisition helped lift loans 49% to $1.5 billion, deposits 38% to $1.9 billion and book value 20% to $39.08 per share.
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