Pinnacle Bank Announces Earnings for Third Quarter of 2026
Business Wire•29/10/2026•19:11 ET
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Key Highlights
- ➤Third-quarter net income $235,000, down 78% year over year
- ➤Total assets $993.60 million, up 10% year over year
- ➤Total deposits $864.9 million, up 10% year over year
- ➤$2.8 million charge-off drove third-quarter loan-loss provision
- ➤Nonaccrual loans $7.3 million, down $6.4 million year over year
Expert Statements
Jeffrey Payne, President and Chief Executive Officer of Pinnacle Bank
“With our strong liquidity and capital, Pinnacle Bank is ready to support the credit needs of our communities through our relationship-based approach.”
Jeffrey Payne, President and Chief Executive Officer of Pinnacle Bank
“We remain committed to supporting the entrepreneurs and business owners across the Salinas Valley and Silicon Valley with responsive banking solutions that help them manage cash flow, invest, and grow.”
Jeffrey Payne, President and Chief Executive Officer of Pinnacle Bank
“We remain grateful for the strength of our client relationships and the efforts of our professional bankers, directors, advisors, and loyal clients.”
Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the third quarter ended September 30, 2026 of $235,000 compared to net income of $1,076,000 in the third quarter of 2025.
As of September 30, 2026, total assets were $993.60 million, a 10% increase from $905.7 million as of September 30, 2025.
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