Pinnacle Bankshares Corporation Announces Record High 3rd Quarter/Year to Date 2026 Core Earnings
Key Highlights
- ➤Q3 net income rose 20% to $3.581 million, reaching a record high
- ➤YTD core net income increased 28% to $10.131 million, excluding Bearing Sale
- ➤YTD net interest income rose 10% to $32.828 million; margin expanded to 4.20%
- ➤Loans grew 4% to $772.647 million, while deposits increased 2.7% to $997.053 million
- ➤Stock price ended at $63.07, up 39% from December 31, 2025
Expert Statements
Aubrey H. Hall, III, President and Chief Executive Officer of Pinnacle Bankshares Corporation and First National Bank
“We continue to be pleased with Pinnacle’s performance in 2026”
Aubrey H. Hall, III, President and Chief Executive Officer of Pinnacle Bankshares Corporation and First National Bank
“Core net income has increased 28% year over year driven by further expansion of our net interest margin, higher core noninterest income, and controlled noninterest expense. Loan volume has improved, credit quality remains strong, and we have ample liquidity to fund asset growth moving forward.”
ALTAVISTA, Va., Oct. 26, 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 $3,581,000, or $1.66 per basic and diluted share, for the third quarter of 2026, while net income for the nine months ended September 30, 2026, was $13,095,000, or $6.02 per basic and diluted share. In comparison, net income was $2,992,000, or $1.34 per basic and diluted share, and $7,943,000, or $3.58 per basic and diluted share, respectively, for the same periods of 2025. Consolidated results for the quarter and the nine-month periods are unaudited. Net income for the nine months of 2026 was positively impacted by the sale of the Bank’s ownership interest in Bearing Insurance, LLC (Bearing Sale) during the second quarter of 2026, which generated a pretax gain of $3,752,000 ($2,964,000 after tax). Consolidated results for the quarter and the year are unaudited.
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