Plumas Bancorp Posts Record Q2 Net Income of $9.96M, EPS $1.41 on Cornerstone Boost
PLBC sits 48% above its 52-week low of $39.7.
Summary
Plumas Bancorp delivered record Q2 2026 net income of $9.96 million, or $1.41 diluted EPS, a 58% jump from $6.32 million a year ago. The surge was fueled by the Cornerstone Community Bank acquisition, which added $658 million in assets and drove a 49% increase in gross loans to $1.5 billion. Net interest income climbed $7.8 million to $26.0 million, while the provision for credit losses fell to $600,000 from $860,000. Deposits grew 38% to $1.9 billion, with nearly half non-interest-bearing, and tangible common equity reached $238 million. The results handily beat the prior-year quarter and show the acquisition is delivering strong earnings accretion. With shares trading near a 52-week high, the market may have priced in some of this strength, but the magnitude of the beat and improving credit metrics could still move the stock.
At the time of this announcement, PLBC was trading at $58.82 on NASDAQ in the Finance sector, with a market capitalization of approximately $406.4M. The 52-week trading range was $39.70 to $60.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.