Core Viewpoint - Pinnacle Bankshares Corporation announced a cash dividend of $0.28 per share and a stock repurchase plan of up to $3.5 million, reflecting its commitment to enhancing shareholder returns [1][2][3]. Dividend Announcement - The cash dividend of $0.28 per share is consistent with the previous quarter's dividend and marks the fifty-fourth consecutive quarter of declared dividends [2]. Stock Repurchase Plan - The Board approved a Stock Repurchase Plan allowing the repurchase of up to $3,500,000 of the Company's outstanding common shares through December 31, 2026 [3]. - The repurchase may occur through various methods, including open market purchases and block trades, depending on market conditions and other factors [3]. Company Overview - Pinnacle Bankshares Corporation operates as a community banking organization in Central and Southern Virginia, serving multiple counties and cities with a total of nineteen branches [4]. - First National Bank, the subsidiary of Pinnacle, has been in operation for 118 years and continues to expand its services, including a new full-service branch opened in January 2026 [4].

ALTAVISTA, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was $2,829,000, or $1.27 per basic and diluted share, for the fourth quarter of 2025, while net income for the year ended December 31, 2025 was a record high $10,772,000, or $4.85 per basic and diluted share. In comparison, net income was $2,800,000, or $1.27 per basic and diluted share, and $9,178,000 ...

ALTAVISTA, Va., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was $2,829,000, or $1.27 per basic and diluted share, for the fourth quarter of 2025, while net income for the year ended December 31, 2025 was a record high $10,772,000, or $4.85 per basic and diluted share. In comparison, net income was $2,800,000, or $1.27 per basic and diluted share, and $9,178,000 ...

Core Insights - First National Bank (FNB), a subsidiary of F.N.B. Corporation, has received multiple awards for its workplace culture, including three National Culture Excellence honors and a regional Top Workplaces award for Charlotte, NC in 2025 [1][3][4] Group 1: Awards and Recognition - FNB has been recognized for its strong workplace culture, receiving awards in Professional Development, Employee Appreciation, and Employee Well-Being for the third consecutive year in 2025 [3] - The company has also been awarded as one of America's Greatest Workplaces and America's Greatest Workplaces for Financial Services by Newsweek, as well as a Top Workplace USA by Energage and USA Today [5] - FNB has been selected for the Charlotte Top Workplaces award for the fourth consecutive year, highlighting its growth in the region since establishing a presence in 2017 [4] Group 2: Company Overview - F.N.B. Corporation, headquartered in Pittsburgh, operates in seven states and the District of Columbia, with total assets of $50 billion and approximately 350 banking offices [7] - The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network [8][9] - FNB's market coverage includes major metropolitan areas such as Pittsburgh, Baltimore, Cleveland, Washington, D.C., and various cities in North Carolina and South Carolina [7]

Core Insights - Pinnacle Bankshares Corporation reported a net income of $2,992,000 for Q3 2025, a 44% increase from Q3 2024, and a year-to-date net income of $7,943,000, reflecting a 25% increase compared to the same period in 2024 [1][5][26] Financial Performance - Net interest income for Q3 2025 was $10,227,000, a 14% increase from $8,941,000 in Q3 2024, driven by higher loan volume and yields on earning assets [5][8] - Noninterest income rose by 16% in Q3 2025 to $2,044,000, primarily due to increased commissions from investment and insurance product sales [12][13] - Noninterest expense increased by 8% in Q3 2025 to $8,567,000, mainly due to higher salaries and benefits [14][16] Profitability Metrics - Return on average assets (ROA) improved to 1.03% for the nine months ended September 30, 2025, compared to 0.86% for the same period in 2024 [4][26] - Return on average equity (ROE) increased to 12.76% for the nine months ended September 30, 2025, up from 11.76% in the same period of 2024 [4][26] Balance Sheet Overview - Total assets as of September 30, 2025, were $1,030,398,000, a 1% decrease from $1,043,994,000 at the end of 2024 [17][26] - Total loans increased by $18.4 million, or 2.6%, while total securities decreased by $30.5 million, or 17% [17][26] - Total liabilities decreased by 2% to $942,706,000, primarily due to a reduction in deposits [20][26] Asset Quality and Credit Losses - The provision for credit losses was $29,000 in Q3 2025, down from $136,000 in Q3 2024, reflecting improved asset quality [10][11] - Nonperforming loans to total loans decreased to 0.18% as of September 30, 2025, compared to 0.22% at year-end 2024 [11][26] Stock Performance - The stock price at the end of Q3 2025 was $37.58 per share, representing a 20.4% increase from the previous quarter [5][26]

Core Insights - Pinnacle Bankshares Corporation reported a net income of $2,992,000 for Q3 2025, a 44% increase from $2,085,000 in Q3 2024, and a year-to-date net income of $7,943,000, up 25% from $6,377,000 in the same period last year [1][4][6] Financial Performance - Net interest income for Q3 2025 was $10,227,000, a 14% increase from $8,941,000 in Q3 2024, driven by higher loan volume and yields on earning assets [6][9] - Noninterest income rose by 16% to $2,044,000 in Q3 2025, compared to $1,763,000 in Q3 2024, primarily due to increased commissions from investment and insurance product sales [13] - Noninterest expense increased by 8% to $8,567,000 in Q3 2025, attributed to higher salaries and benefits [15][17] Profitability Metrics - Return on average assets (ROA) improved to 1.03% for the nine months ended September 30, 2025, compared to 0.86% for the same period in 2024 [5][28] - Return on average equity (ROE) increased to 12.76% for the nine months ended September 30, 2025, up from 11.76% in the same period of 2024 [5][28] Balance Sheet Highlights - Total assets as of September 30, 2025, were $1,030,398,000, a decrease of 1% from $1,043,994,000 at the end of 2024 [18][28] - Total loans increased by 2.6% to $730,297,000, while total securities decreased by 17% to $145,363,000 [18][28] - Total stockholders' equity rose to $87,692,000 as of September 30, 2025, compared to $78,386,000 at the end of 2024, primarily due to year-to-date profitability [22][28] Asset Quality and Credit Losses - The provision for credit losses was $29,000 in Q3 2025, down from $136,000 in Q3 2024, reflecting improved asset quality [11][12] - Nonperforming loans to total loans decreased to 0.18% as of September 30, 2025, compared to 0.22% at year-end 2024 [12][28] Capital Management - The company paid off $8,000,000 in subordinated debt and a $2,000,000 promissory note in September 2025, enhancing its financial strength [8] - The liquidity ratio stood at 28.3% as of September 30, 2025, indicating strong liquidity management [20][28]

On September 8, 2025, the Fifth Circuit issued its opinion in Ortega v. Office of the Comptroller of the Currency, 2025 WL 2588495 (5th Cir. Sept. 8, 2025). Petitioners, former directors of a national bank, challenged the OCC’s authority to seek civil money penalties in an administrative proceeding before an administrative law judge (ALJ). The challenge followed the U.S. Supreme Court’s decision last summer in SEC v. Jarkesy, where the Court held that the SEC’s use of an administrative proceeding to impose ...

Core Viewpoint - F.N.B. Corp. plans to expand its branch network by adding approximately 30 new branches over the next five years, focusing on North Carolina, South Carolina, and the Mid-Atlantic Region, including Maryland, Virginia, and Washington, D.C. [1][8] Group 1: Expansion Strategy - The expansion builds on F.N.B. Corp's successful strategy in South Carolina, where it has invested significantly, opening five branches and around 160 branded ATMs, leading to a more than doubling of total deposits since entering the state [2][4] - With the new branches, FNB will operate about 380 locations and over 1,600 ATMs, including more than 110 branches and 500 ATMs in the Carolinas [3][8] - The new offices will feature modern designs and advanced banking technology, including ATMs with video chat capabilities and access to an eStore for product exploration [3][8] Group 2: Leadership Insights - Vincent J. Delie, Jr., chairman, president, and CEO of F.N.B. Corp, emphasized the effectiveness of the business model and commitment to client service, highlighting the omnichannel experience through the Clicks-to-Bricks strategy [4] - The expansion aligns with the company's strategy to boost revenues and loans, further supported by the recent acquisition of Raptor Partners LLC to enhance capital markets capabilities [4] Group 3: Market Performance - F.N.B. Corp's shares have increased by 17.3% over the past six months, outperforming the industry growth of 12% [7]

Group 1 - First National Bank has promoted Brian Mancos to Director of Human Resources and Corporate Services, succeeding Charles Casalnova [1][2] - Mancos has over a decade of experience as Senior Corporate Counsel at FNB and will report directly to Vincent J. Delie, the Chairman, President, and CEO [2][4] - Delie emphasized the company's focus on internal talent development and Mancos' unique qualifications to enhance the company's culture of collaboration and innovation [4] Group 2 - F.N.B. Corporation is a diversified financial services company with total assets of nearly $50 billion and approximately 350 banking offices across several states and the District of Columbia [5][6] - The company operates in major metropolitan areas including Pittsburgh, Baltimore, Cleveland, Washington D.C., and several cities in North Carolina and South Carolina [5] - FNB offers a comprehensive range of services including commercial banking, consumer banking, and wealth management solutions [6]

Core Insights - F.N.B. Corporation's subsidiary, First National Bank, has been recognized as a Top Workplace USA for the fifth consecutive year, highlighting its strong leadership and people-centric culture [1][2][3] Group 1: Awards and Recognition - F.N.B. Corporation has received numerous accolades based on employee feedback, including recognition as a Top Workplace for Financial Services and Culture Excellence [2] - The company has earned over 70 workplace and cultural excellence awards under its current leadership, including being named one of Newsweek's America's Most Admired Workplaces for 2025 [3] Group 2: Leadership and Corporate Culture - Vincent J. Delie, Jr., the Chairman, President, and CEO, emphasized the importance of creating an environment where team members thrive to attract and develop engaged employees [3] - The leadership team has received external praise, with Delie being named the 2024 CEO of the Year by The CEO Magazine [3] Group 3: Company Overview - F.N.B. Corporation is headquartered in Pittsburgh, Pennsylvania, and operates in seven states and the District of Columbia, with total assets nearing $49 billion [4] - The company provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network [5]