RENO, Nev., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC) (the “Company”), the parent company of Plumas Bank, today announced that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $25 million of its outstanding common stock through the fourth quarter of 2026. Repurchases may be executed through open market purchases, privately negotiated transactions, block trades, or other means in accordance with applicable securities laws. The ...

Core Viewpoint - Plumas Bancorp (NASDAQ:PLBC) has demonstrated strong financial performance by consistently exceeding earnings and revenue expectations, indicating robust financial health in the Zacks Banks - West industry [1][6]. Financial Performance - On January 21, 2026, PLBC reported earnings per share (EPS) of $1.56, surpassing the estimated $1.37, resulting in a 13.87% earnings surprise [2]. - The company has a history of outperforming expectations, exceeding consensus EPS estimates in three of the past four quarters [2]. - PLBC's revenue for the quarter was $28.21 million, exceeding the anticipated $27.11 million, marking a 3.73% increase over the Zacks Consensus Estimate [3]. - Compared to the same quarter last year, when revenue was $21.16 million, this represents substantial growth [3]. Financial Metrics - PLBC has a price-to-earnings (P/E) ratio of approximately 11.77, indicating how the market values its earnings [4]. - The price-to-sales ratio is about 3.38, reflecting the company's market value relative to its sales [4]. - The enterprise value to sales ratio is around 3.95, suggesting the company's total value compared to its sales [4]. Financial Health - The earnings yield for PLBC is about 8.49%, indicating the return on investment for shareholders [5]. - The debt-to-equity ratio is approximately 0.59, showing a balanced use of debt and equity to finance its assets [5]. - However, the current ratio of around 0.28 suggests a need for improvement in covering short-term liabilities with short-term assets [5].

Core Insights - Plumas Bancorp reported a revenue of $28.58 million for the quarter ended December 2025, marking a year-over-year increase of 35.1% and exceeding the Zacks Consensus Estimate by 3.73% [1] - The earnings per share (EPS) for the same period was $1.56, up from $1.29 a year ago, representing a surprise of 13.87% over the consensus estimate of $1.37 [1] Financial Performance Metrics - The efficiency ratio was reported at 49.8%, better than the average estimate of 51.2% from two analysts [4] - Total interest-earning assets averaged $2.05 billion, slightly below the $2.09 billion estimate [4] - The net interest margin was 5%, exceeding the average estimate of 4.7% [4] - Nonperforming assets totaled $15.32 million, slightly above the average estimate of $15.26 million [4] - Nonperforming loans were reported at $15.09 million, matching the average estimate [4] - Total non-interest income was $2.7 million, surpassing the average estimate of $2.63 million [4] - Net interest income before provision for credit losses was $25.87 million, exceeding the estimated $24.94 million [4] Stock Performance - Over the past month, shares of Plumas Bancorp have returned -2.3%, compared to a -0.4% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

分组1 - Plumas Bancorp (PLBC) reported quarterly earnings of $1.56 per share, exceeding the Zacks Consensus Estimate of $1.37 per share, and showing an increase from $1.29 per share a year ago, resulting in an earnings surprise of +13.87% [1] - The company achieved revenues of $28.58 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.73%, and up from $21.16 million in the same quarter last year [2] - Over the last four quarters, Plumas Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock's immediate price movement will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.31 on revenues of $27.2 million, and for the current fiscal year, it is $5.50 on revenues of $112.3 million [7] - The Zacks Industry Rank indicates that the Banks - West industry is in the top 31% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8]

Financial Performance - Plumas Bancorp reported Q4 2025 net income of $10.9 million, or $1.58 per share, an increase of 41.56% from $7.7 million, or $1.31 per share in Q4 2024[1]. - For the year ended December 31, 2025, net income was $29.6 million, or $4.60 per share, a slight increase from $28.6 million, or $4.85 per share in 2024[2]. - Net income for 2025 was $29.6 million, a 3.5% increase from $28.6 million in 2024[67]. - Basic earnings per share for the year ended December 31, 2025, was $4.60, a decrease of 5.2% from $4.85 in 2024[71]. - Diluted earnings per share for the year ended December 31, 2025, was $4.54, down from $4.80 in 2024, reflecting a 5.4% decline[71]. Asset and Loan Growth - Gross loans increased by $497 million, or 49%, to $1.5 billion, while total deposits rose by $439 million, or 32%, to $1.8 billion[6]. - Total assets grew by 37.9% from $1.6 billion in 2024 to $2.2 billion in 2025, driven by a 48.8% increase in net loans[64]. - The distribution of total gross loans at December 31, 2025, was $1,512,056 thousand, up from $1,015,424 thousand in 2024[89]. - Commercial real estate loans at December 31, 2025, totaled $1,002,627 thousand, compared to $646,378 thousand in 2024[90]. Equity and Shareholder Value - Shareholder's equity increased by $83 million, or 47%, to $261 million, with book value per share rising by $7.38, or 24%, to $37.52[6]. - Shareholders' equity at the end of 2025 was $261,076 thousand, up from $177,900 thousand in 2024, reflecting a growth of 47%[71]. - Book value per common share increased to $37.52 in 2025 from $30.14 in 2024, a rise of 24.5%[71]. Income and Expenses - Net interest income for the year ended December 31, 2025, was $87.8 million, an increase of $14.1 million from the previous year[43]. - Non-interest income for the year ended December 31, 2025, totaled $10.5 million, an increase of $1.7 million from the previous year[52]. - Total non-interest expense for the year ended December 31, 2025, rose by 22.7% to $51,854 thousand from $42,274 thousand in 2024[87]. - Total non-interest expense increased by $9.6 million from $42.3 million in 2024 to $51.9 million in 2025, with salary and benefit expenses contributing $4.3 million to this increase[53]. Credit Quality and Risk - Nonperforming loans increased to $15.1 million, or 1.0% of total loans, up from $4.1 million, or 0.40% in the previous year[18]. - Provision for credit losses rose significantly by 472.7% from $1.2 million in 2024 to $6.9 million in 2025[67]. - Allowance for credit losses increased to $19,959 thousand in 2025 from $13,196 thousand in 2024, representing a 51.5% increase[71]. - Nonperforming loans as a percentage of total loans rose to 1.00% in 2025 from 0.40% in 2024, indicating a significant increase of 150%[71]. Acquisition Impact - The acquisition of Cornerstone Community Bancorp added $658 million in total assets, including $478 million in gross loans and $580 million in deposits[8]. - Non-recurring expenses related to the acquisition totaled $7.3 million, with non-GAAP net income for 2025 estimated at $35.0 million, resulting in diluted earnings per share of $5.37[9]. - The Company assumed obligations of $12 million in subordinated notes as a result of the merger, including $2 million in 4.75% notes due 2035 and $10 million in 4.75% notes due 2030[24]. - The acquisition of CCB contributed to a $3.0 million increase in salary expenses, impacting overall non-interest expenses[53]. Interest Rates and Margins - The average rate paid on interest-bearing deposits increased from 0.92% in 2024 to 1.43% in 2025[48]. - Net interest margin for the year ended December 31, 2025, increased by 12 basis points to 4.91%[49]. - Interest expense increased by $3.2 million to $13.9 million for the year ended December 31, 2025, primarily due to the acquisition of Cornerstone[47]. Liquidity Management - The Company managed liquidity through competitive deposit rates and established lines of credit, with the ability to borrow up to $400 million from the FHLB[30].

Nevada County INVESTOR PRESENTATION UPDATED THROUGH DECEMBER 31, 2025 1 Forward Looking Statements Disclaimer The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond our control. There can be no assurance that future develo ...

Core Insights - Plumas Bancorp reported a net income of $10.9 million or $1.58 per share for Q4 2025, an increase from $7.7 million or $1.31 per share in Q4 2024, driven by a rise in net interest income and non-interest income despite higher non-interest expenses and provisions [1][2] - For the full year 2025, net income was $29.6 million or $4.60 per share, a slight increase from $28.6 million or $4.85 per share in 2024, with diluted earnings per share decreasing to $4.54 from $4.80 [2] - The acquisition of Cornerstone Community Bancorp significantly impacted the balance sheet, with total assets increasing by 37.9% to $2.24 billion and gross loans rising by 49% to $1.5 billion [7][8][62] Financial Performance - Q4 2025 net interest income was $25.9 million, up $6.9 million from Q4 2024, primarily due to an increase in interest income [33] - For the year ended December 31, 2025, net interest income reached $87.8 million, an increase of $14.1 million from 2024, with interest income rising by 20.5% [42][63] - The annualized return on average assets was 1.93% for Q4 2025, compared to 1.87% in Q4 2024, while the return on average equity increased to 17.2% from 17.1% [1][2] Balance Sheet Highlights - Total deposits increased by $439 million, or 32%, to $1.8 billion as of December 31, 2025, with significant growth in demand deposits and money market accounts [15][62] - Shareholders' equity rose by $83 million, or 46.8%, to $261 million, driven by earnings and stock issued during the Cornerstone acquisition [27][62] - The company’s total investment securities increased by $39 million to $477 million, with a decrease in unrealized losses on investment securities [17][62] Asset Quality - Nonperforming assets rose to $15.3 million, or 0.68% of total assets, up from $4.3 million or 0.27% in the previous year, primarily due to issues with a single agricultural loan relationship [18][20] - The provision for credit losses for 2025 was $6.8 million, significantly higher than $1.2 million in 2024, reflecting growth in the loan portfolio and the acquisition of Cornerstone [19][63] Strategic Initiatives - The acquisition of Cornerstone Community Bancorp was described as pivotal, enhancing the company's presence in Northern California and optimizing its balance sheet [4][7] - Management plans to focus on margin durability and cost-of-funds improvement while managing credit risk prudently [5][6] Non-Interest Income and Expenses - Non-interest income for Q4 2025 was $2.7 million, an increase of $503 thousand from Q4 2024, driven by a gain on the sale of administrative facilities [49] - Total non-interest expense increased by $3.6 million in Q4 2025, with significant contributions from salary and benefit expenses related to the acquisition [50] - For the year, non-interest income totaled $10.5 million, up $1.7 million, while non-interest expenses rose by $9.6 million to $51.9 million [51][52]

Core Insights - Plumas Bank has announced leadership changes in its credit administration team, promoting Kevin Kaiser to executive vice president and chief credit officer, and Ryan Riggan to credit administrator, effective January 1, 2026 [1][4] Group 1: Leadership Changes - Kevin Kaiser, with nearly 40 years of industry experience, has been promoted from senior vice president and credit administrator to executive vice president and chief credit officer [1][2] - Ryan Riggan, who joined Plumas Bank in 2016, has taken on the role of credit administrator, previously serving as senior vice president and SBA credit manager [1][3] - The transition follows the retirement of former executive vice president and chief credit officer Jeff Moore, who served until December 31, 2025 [1][4] Group 2: Leadership Experience - Kaiser has extensive experience in commercial and agricultural lending and has been instrumental in building strong relationships within the bank [2] - Riggan has nearly 25 years of experience in financial institutions and has contributed to updating government-guaranteed credit policies at Plumas Bank [3] Group 3: Strategic Implications - The leadership changes are part of Plumas Bank's long-term strategy to drive sustainable growth, manage risk effectively, and deliver value to clients and shareholders [4] - The bank emphasizes promoting experienced leaders from within to ensure business continuity and strengthen its strategic execution [4] - The transition coincides with Plumas Bank's 45th anniversary, highlighting its stability and commitment to the communities it serves [4]

Acquisition and Merger - Plumas Bancorp completed the acquisition of Cornerstone Community Bancorp on July 1, 2025, with total assets acquired valued at $658 million, including gross loans of $478 million and deposits of $580 million[144]. - The total aggregate consideration delivered to Cornerstone shareholders in the merger included 1,003,718 shares of common stock and $14.8 million in cash[145]. - Non-interest expense rose by $6.0 million to $37.6 million for the nine months ended September 30, 2025, with $1.9 million attributed to merger-related costs[158]. - Non-interest expense increased by $4.3 million to $15.1 million, with $879 thousand related to the acquisition of Cornerstone Community Bancorp[182]. Financial Performance - The company recorded a net income of $18.6 million for the nine months ended September 30, 2025, down from $20.9 million for the same period in 2024, with a return on average assets of 0.90%[155]. - The company’s diluted earnings per share for the nine months ended September 30, 2025, was $3.74, compared to $2.94 for the same period in 2024[154]. - Net income for the three months ended September 30, 2025, was $5.1 million, a decrease of 34.6% from $7.8 million in the same period of 2024[179]. - Net interest income increased from $54.7 million to $61.9 million for the nine months ended September 30, 2025, driven by growth in the loan portfolio[156]. - Net interest income increased by $6.3 million to $25.2 million compared to $18.9 million in the third quarter of 2024[180]. Income and Expenses - Non-interest income increased by $1.2 million to $7.8 million for the nine months ended September 30, 2025, primarily due to a legal settlement of $1.1 million related to the Dixie Fire[157]. - Total non-interest income for the three months ended September 30, 2025, was $2,248,000, a slight increase of $11,000 or 0.5% from $2,237,000 in 2024[200]. - Total non-interest expense rose by $6.0 million to $37.6 million, with significant increases in salary and benefit expenses ($2.7 million) and merger-related expenses ($1.9 million)[176]. - Total non-interest expense rose by $4.3 million, or 39.8%, from $10.8 million in 2024 to $15.1 million in 2025[202]. Loan and Credit Quality - The provision for credit losses increased from $1.4 million to $6.5 million during the nine-month period ended September 30, 2025[156]. - Provision for credit losses was recorded at $6.5 million, compared to $1.3 million in the same period of 2024, reflecting growth in the loan portfolio[173]. - Nonperforming loans increased to $15.0 million at September 30, 2025, up from $4.1 million at December 31, 2024, reflecting a rise of 266%[223]. - The allowance for credit losses totaled $19.6 million as of September 30, 2025, compared to $13.6 million at the same date in 2024, representing an increase of 44%[225]. Deposits and Assets - Deposits increased to $1.8 billion as of September 30, 2025, an increase of $448 million from December 31, 2024[232]. - Total assets increased by $606 million, from $1.6 billion on December 31, 2024, to $2.2 billion on September 30, 2025[204]. - The investment portfolio totaled $484.7 million as of September 30, 2025, up from $437.7 million at December 31, 2024[226]. - Non-interest bearing deposits accounted for 47.4% of total deposits at September 30, 2025, down from 51.0% at December 31, 2024[234]. Capital and Ratios - Shareholders' equity increased by $68 million from $178 million at December 31, 2024, to $246 million at September 30, 2025[242]. - Common Equity Tier 1 Ratio was 14.3% as of September 30, 2025, exceeding the minimum requirement of 4.5%[249]. - Total Risk-Based Capital Ratio was 15.5% at September 30, 2025, well above the minimum requirement of 8.0%[249]. Liquidity and Funding - The Company has no outstanding borrowings from the Federal Home Loan Bank or the Federal Reserve Bank Discount Window as of September 30, 2025[236]. - The company can borrow up to $272 million from the Federal Home Loan Bank, secured by commercial and residential mortgage loans with carrying values totaling $462 million[254]. - The company's liquidity sources include securities portfolio, Discount Window advances, FHLB advances, and cash, providing adequate funding for loans during high demand periods[256]. - The company experiences some seasonality in deposit growth, with slower growth from November to April and higher growth from May to October[255].

Core Insights - Plumas Bancorp reported $27.42 million in revenue for the quarter ended September 2025, marking a year-over-year increase of 29.9% and an EPS of $1.35 compared to $1.31 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $28.1 million, resulting in a surprise of -2.41%, while the EPS exceeded expectations with a surprise of +104.55% against a consensus estimate of $0.66 [1] Financial Performance Metrics - Efficiency ratio stood at 55.2%, higher than the average estimate of 50% based on two analysts [4] - Net interest margin was reported at 4.8%, matching the two-analyst average estimate [4] - Total interest-earning assets averaged $2.07 billion, below the two-analyst average estimate of $2.13 billion [4] - Nonperforming loans amounted to $15.03 million, exceeding the average estimate of $13.59 million [4] - Nonperforming assets were reported at $15.17 million, compared to the average estimate of $13.68 million [4] - Net charge-offs as a percentage of average loans (annualized) were 0%, better than the average estimate of 0.1% [4] - Total non-interest income was $2.25 million, below the average estimate of $2.51 million [4] - Net interest income before provision for credit losses was $25.17 million, slightly lower than the average estimate of $25.57 million [4] Stock Performance - Shares of Plumas Bancorp have returned -0.8% over the past month, while the Zacks S&P 500 composite increased by +1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]