Pinnacle Bankshares Corporation

Pinnacle Bankshares Corporation Announces Record High 3rd Quarter/Year to Date 2026 Core Earnings

Pinnacle Bankshares posted record-high Q3 2026 net income of $3.581 million, or $1.66 per diluted share, up 20% from $2.992 million a year earlier. Nine-month net income rose 65% to $13.095 million, including a $2.964 million after-tax gain on the sale of its Bearing Insurance stake; core net income rose 28% to $10.131 million with a 1.23% ROA. Net interest margin expanded 12 basis points to 4.20%, loans grew 4% YTD to $773 million, and credit quality held steady with nonperforming loans at 0.20% of loans. The stock ended the quarter at $63.07, up 39% year to date, and the company and bank remain well capitalized with a 9.12% leverage ratio.

•2d ago

Pinnacle Bankshares Corporation Announces Increased Dividend

Pinnacle Bankshares declared a cash dividend of $0.33 per share, representing a 10% increase from the prior quarter's payout. The dividend is payable September 4, 2026, to shareholders of record as of August 21, 2026, marking the 56th consecutive quarter the company has paid a dividend. Management cited earnings growth, ample liquidity, and strong asset quality as factors enabling the increase, alongside a recent record high stock price of $68.87.

•2mo ago

Pinnacle Bankshares Corporation Announces Record High 2nd Quarter/Mid-Year 2026 Earnings

Pinnacle Bankshares reported record Q2 net income of $6.45 million ($2.97 EPS), a 140% increase year-over-year, bolstered by a $2.96 million after-tax gain from the sale of an insurance subsidiary. Excluding the one-time gain, core net income still rose 30% year-to-date to $6.55 million, driven by an 11-basis point expansion in net interest margin to 4.16% and controlled expenses. The company repurchased 70,710 shares in Q1, ending the quarter with a stock price of $55.10, up 21% year-to-date, while maintaining strong capital ratios with a liquidity ratio of 36%.

•3mo ago

Pinnacle Bankshares Corporation Announces Increased Dividend and Results of the 2026 Annual Meeting of Shareholders

Pinnacle Bankshares declared a quarterly cash dividend of $0.30 per share, a 7% increase from the previous quarter's $0.28. This marks the 55th consecutive quarter of dividend payments, underscoring the company's consistent capital return policy. CEO Aubrey Hall cited strong earnings, liquidity, and asset quality as drivers, noting the stock recently hit a record high of $52.75. The company also reported the re-election of five Class II directors at its annual meeting.

•5mo ago

Pinnacle Bankshares Corporation Announces First National Bank’s Sale of Membership in Bearing Insurance Group, LLC

Pinnacle Bankshares announced the sale of First National Bank's membership interest in Bearing Insurance Group, effective May 1, 2026. The Company estimates it will recognize a pre-tax gain of approximately $3.8 million in the second quarter of 2026 as a result of the transaction. The buyer is an unaffiliated third party; proceeds and strategic rationale were not disclosed beyond the gain estimate.

•5mo ago

Pinnacle Bankshares Corporation Announces Record High Quarterly Earnings

Pinnacle Bankshares reported record first-quarter earnings with net income of $3.06 million, a 35% increase from the prior year, driven by higher net interest income and noninterest income. Diluted earnings per share rose 36% to $1.39, while return on average assets improved to 1.14% and net interest margin expanded 20 basis points to 4.12%. The company repurchased 70,710 shares during the quarter, contributing to a slight decrease in total stockholders' equity, while maintaining strong asset quality with a liquidity ratio of 32.5%.

•6mo ago