Plumas Bancorp Reports Record Third Quarter 2026 Earnings
Plumas Bancorp reported record Q3 2026 net income of $11.4 million ($1.64 basic, $1.61 diluted EPS), up from $5.1 million and $0.73 diluted a year earlier, with ROA of 1.98% and ROE of 16.7%. Net interest margin expanded 22 bps to 5.05% on continued loan repricing, while the credit-loss provision fell to $150 thousand from $5.4 million in the prior-year quarter; expenses were essentially flat at $15.1 million. Nine-month net income rose to $31.1 million ($4.40 diluted EPS), deposits grew 2.6% to $1.9 billion, and capital remained strong (CET1 16.4%), supported by a $14.5 million green energy tax credit purchase that cut the effective tax rate to 18.9%.
Key figures
- Eps
- 1.64
- Revenue Yoy
- 6.9%
- Roa
- 1.98%
- Roe
- 16.7%
- Cet1 ratio
- 16.4%
- Net income
- 11386000
- Diluted eps
- 1.61
- Gross loans
- 1495545000
- Deposits yoy
- +2.6% (+$47 million)
- Total assets
- 2266296000
- Nim change bps
- 22
- Total deposits
- 1866643000
- Effective tax rate
- 18.9%
- Tax credit benefit
- $1.2 million reduction in tax provision
- Acl pct total loans
- 1.32%
- Shareholders equity
- 262451000
- Book value per share
- 37.8
- Nonperforming assets
- 21275000
- Npa pct total assets
- 0.94%
- Tier1 leverage ratio
- 11.9%
- Net income yoy change
- +$6.2 million
- Nine month net income
- 31108000
- Net interest income q3
- 26541000
- Net interest margin q3
- 5.05%
- Nine month diluted eps
- 4.4
- Non interest income q3
- 2786000
- Prior year diluted eps
- 0.73
- Allowance credit losses
- 19742000
- Non interest expense q3
- 15145000
- Provision credit losses q3
- 150000
- Tangible book value per share
- 32.95
- Provision credit losses q3 2025
- 5373000
- Green energy tax credits purchased
- 14500000
- Nonperforming loans pct total loans
- 1.41%
AI analysis
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