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%.
Key figures
- Eps
- 1.39
- Net income
- 3061000
- Return on assets
- 1.14%
- Return on equity
- 13.80%
- Shares repurchased
- 70710
- Net interest income
- 10357000
- Net interest margin
- 4.12%
AI analysis
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