Plumas Bancorp Reports Record Third Quarter 2026 Earnings
Key Highlights
- ➤Q3 net income $11.4 million, or $1.64 per share, versus $5.1 million, or $0.74
- ➤Q3 provision for credit losses fell to $150 thousand from $5.4 million
- ➤Deposits increased $47 million, or 2.6%, to $1.9 billion year over year
- ➤Nonperforming assets rose to $21.3 million, or 0.94% of assets
- ➤Share repurchases totaled approximately 80 thousand shares costing $4.2 million
Expert Statements
Andrew J. Ryback, Director, president, and chief executive officer of Plumas Bancorp
“Our lower-cost relationship-based deposit franchise and enhanced loan yield supported profitability during the third quarter, with continued loan repricing helping to maintain strong net interest margin.”
Andrew J. Ryback, Director, president, and chief executive officer of Plumas Bancorp
“Profitability was further supported by the execution of another green energy tax credit investment that reduced income tax expense by offsetting current and prior-year taxes.”
Andrew J. Ryback, Director, president, and chief executive officer of Plumas Bancorp
“Loan balances remained relatively consistent during the quarter, due in part to the continued planned runoff of our lower-yielding indirect auto portfolio.”
Andrew J. Ryback, Director, president, and chief executive officer of Plumas Bancorp
“Asset quality slightly improved during the quarter, and we continue to work toward favorable resolutions with the same relationships.”
Andrew J. Ryback, Director, president, and chief executive officer of Plumas Bancorp
“Our strong capital position and experienced team provide us with the flexibility to navigate changing economic conditions, return capital through share repurchases, support our clients and communities, and continue building long-term value for our shareholders.”
RENO, Nev., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC) referred to herein as the ‘Company’, the parent company of Plumas Bank, today announced record earnings during the third quarter of 2026 of $11.4 million, or $1.64 per share, an increase of $6.2 million from $5.1 million or $0.74 per share, during the third quarter of 2025. Diluted earnings per share increased to $1.61 per share during the three months ended September 30, 2026, up from $0.73 per share during the quarter ended September 30, 2025.
Return on average assets was 1.98% during the current quarter, up from 0.90% during the third quarter of 2025. Return on average equity increased to 16.7% during the current quarter, up from 8.5% during the third quarter of 2025.
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