Plumas Bancorp

Plumas Bancorp is a bank holding company, which engages in the provision of banking products and service. It offers a wide range of deposit products for the retail and commercial banking markets such as checking, interest-bearing and premium interest-bearing checking, business sweep, public funds sweep, savings, time deposit and retirement accounts, remote deposit, telephone and mobile banking, mobile deposit, and internet banking with bill-pay options. Its portfolio segments include commercial, agricultural, real estate construction, commercial real estate mortgage, residential mortgage, home equity loans, automobile loans, and other loans primarily consisting of consumer installment loans. The company was founded on 1980 and is headquartered in Reno, NV.

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Plumas Bancorp is a regional bank focused on commercial real estate in Northern California, Nevada, and Oregon. The bank showed sustained loan growth in Q3 2024 while EPS was impacted by a legal expense. The high exposure to net interest income is likely to result in lower profitability as the Fed cuts rates, partially offset by loan growth.

Plumas Bancorp: Loan Growth May Offset Net Interest Margin Compression

RENO, Nev., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank (the “Bank”), today announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable November 15, 2024, to stockholders of record as of November 1, 2024.

PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.34 per share a year ago.

Plumas Bancorp (PLBC) Q3 Earnings and Revenues Beat Estimates

RENO, Nev., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2024 of $7.8 million or $1.33 per share, a decrease of $140 thousand from $8.0 million or $1.36 per share during the third quarter of 2023.   Diluted earnings per share decreased to $1.31 per share during the three months ended September 30, 2024 down from $1.34 per share during the quarter ended September 30, 2023. An increase of $1.1 million in net interest income and a decline of $200,000 in the provision for credit losses were offset by increases of $1.4 million in non-interest expense and a decline of $76,000 in the non-interest income.  Included in non-interest expense were nonrecurring costs related to a litigation matter totaling $376,000. The annualized return on average assets was 1.84% for the three months ended September 30, 2024, down from 2.00% for the three months ended September 30, 2023. The annualized return on average equity decreased from 24.4% during the third quarter of 2023 to 18.1% during the current quarter.

Plumas Bancorp Reports Third Quarter 2024 Earnings

RENO, Nev., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Plumas Bank, a wholly-owned subsidiary of Plumas Bancorp, has recently been honored with multiple prestigious awards acknowledging its exceptional performance in serving clients, investors, and communities in northeastern California and northern Nevada.

Key Industry Accolades Highlight Plumas Bank's Stability & Performance Through Economic Fluctuations

Findings detail bank's commitment to the communities in which it operates Findings detail bank's commitment to the communities in which it operates

Plumas Bank Releases 2024 Corporate Citizenship Report

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Plumas Bancorp (PLBC) Right Now?

Plumas Bancorp (PLBC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PLBC's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Plumas Bancorp (PLBC) Now Trades Above Golden Cross: Time to Buy?

Plumas Bancorp (PLBC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Plumas Bancorp (PLBC) Upgraded to Buy: What Does It Mean for the Stock?

RENO, Nev., July 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2024 of $6.8 million or $1.15 per share, an increase of $126 thousand from $6.7 million or $1.14 per share during the second quarter of 2023.   Diluted earnings per share increased to $1.14 per share during the three months ended June 30, 2024 up from $1.12 per share during the quarter ended June 30, 2023.

Plumas Bancorp Reports Second Quarter 2024 Earnings

Plumas Bancorp (PLBC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Plumas Bancorp (PLBC) Soars 7.3%: Is Further Upside Left in the Stock?

RENO, Nev., July 01, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp was included again as a member of the US small-cap Russell 2000 Index, effective after the US market opens on July 1, as part of the 2024 Russell indexes reconstitution. Membership in the Russell 2000 ® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically included in the appropriate growth and value indexes.

Plumas Bancorp added to membership of US small-cap Russell 2000® Index

RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter earnings of $6.3 million or $1.06 per share, down from $7.6 million or $1.30 per share during the first quarter of 2023. Diluted earnings per share was $1.05 during the three months ended March 31, 2024, down from $1.28 per share during the quarter ended March 31, 2023. Return on average assets was 1.55% during the current quarter, down from 1.93% during the first quarter of 2023. Return on average equity was 16.4% for the three months ended March 31, 2024, down from 25.0% during the first quarter of 2023.

Plumas Bancorp Reports First Quarter Results

RENO, Nev., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, and MountainSeed are proud to announce a sale-leaseback deal valued at approximately $25.7 million. This transaction, which was completed on February 14, 2024, further exemplifies MountainSeed's continued focus on sale-leaseback transactions and the advantages that this strategy affords community banks and credit unions.

MOUNTAINSEED AND PLUMAS BANCORP ANNOUNCE SALE-LEASEBACK TRANSACTION

RENO, Nev., Feb. 08, 2024 (GLOBE NEWSWIRE) -- The directors of Plumas Bancorp (Nasdaq: PLBC), a bank holding company and the parent company of Plumas Bank, are pleased to announce the appointment of Sushil Patel to the Plumas Bancorp and Plumas Bank Board of Directors.

SUSHIL PATEL APPOINTED TO PLUMAS BANCORP BOARD OF DIRECTORS

Plumas Bancorp (PLBC) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.32 per share a year ago.

Plumas Bancorp (PLBC) Q4 Earnings and Revenues Surpass Estimates

RENO, Nev., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced record earnings for the year ended December 31, 2023. For the twelve months ended December 31, 2023, the Company reported net income of $29.8 million or $5.08 per share, an increase of $3.3 million, or 13% from $26.4 million or $4.53 per share earned during 2022. Earnings per diluted share increased to $5.02 during the twelve months ended December 31, 2023, up $0.55 from $4.47 during 2022.

Plumas Bancorp Reports Record Earnings for Year Ended December 31, 2023

Plumas Bancorp (PLBC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Plumas Bancorp (PLBC): Can Its 5.4% Jump Turn into More Strength?

Should Value Investors Buy Plumas Bancorp (PLBC) Stock?

RENO, Nev., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2023 of $8.0 million or $1.36 per share, an increase of $742 thousand from $7.2 million or $1.24 per share during the third quarter of 2022.   Diluted earnings per share increased to $1.34 per share during the three months ended September 30, 2023 up from $1.23 per share during the quarter ended September 30, 2022.

Plumas Bancorp Reports Record 2023 Earnings

National awards recognize the bank's commitment to local communities National awards recognize the bank's commitment to local communities

Plumas Bank Recognized as Leader in Banking Growth and Stability

Dallas, Texas--(Newsfile Corp. - July 28, 2023) - Plumas Bancorp (NASDAQ: PLBC): Stonegate Capital Partners updates coverage on Plumas Bancorp (NASDAQ: PLBC). The full report can be accessed by clicking on the following link: Plumas Bancorp Q2 2023 Report.

Stonegate Capital Partners Updates Coverage On Plumas Bancorp (PLBC) Q2 2023

RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced that Plumas Bancorp (“Company”) has been included in the Russell 2000 Index by FTSE Russell following its annual reconstitution. The announcement was made after the U.S. stock market closed on June 23, 2023.

PLUMAS BANCORP INCLUSION ON RUSSELL 2000

Dallas, Texas--(Newsfile Corp. - April 28, 2023) - Plumas Bancorp (NASDAQ: PLBC): Stonegate Capital Partners updates coverage on Plumas Bancorp (NASDAQ: PLBC). The full report can be accessed by clicking on the following link: Plumas Bancorp 2023 Q1 Report.

Stonegate Capital Partners Updates Coverage On Plumas Bancorp (PLBC) 23 Q1

RENO, Nev., April 19, 2023 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced record first quarter earnings of $7.6 million or $1.30 per share, an increase of $1.9 million from $5.7 million or $0.98 per share during the first quarter of 2022. Diluted earnings per share increased to $1.28 during the three months ended March 31, 2023, up from $0.97 per share during the quarter ended March 31, 2022. Return on average assets was 1.93% during the current quarter, up from 1.42% during the first quarter of 2022. Return on average equity was 25.0% for the three months ended March 31, 2023, up from 17.6% during the first quarter of 2022.

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