Plumas Bancorp Posts Record Q2 2026 Earnings as Net Income Jumps 58% to $9.9M
PLBC sits 48% above its 52-week low of $39.7.
Summary
Plumas Bancorp posted record Q2 2026 net income of $9.9 million ($1.43/share), a 58% increase from a year ago, driven by the Cornerstone acquisition. Net interest margin expanded to 5.13%, and book value per share rose 20% to $39.08.
Key Events · Earnings and Guidance · PLBC
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Record Q2 Earnings
Net income reached $9.9 million, or $1.43 per share, up 58% from $6.3 million ($1.07/share) in Q2 2025. Return on average equity hit 15.0%.
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Net Interest Margin Expansion
Net interest income rose $7.8 million to $26.0 million, with net interest margin widening 30 basis points to 5.13%, reflecting higher loan yields and disciplined deposit costs.
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Acquisition-Driven Balance Sheet Growth
Total loans grew 49% to $1.5 billion and deposits increased 38% to $1.9 billion, primarily from the Cornerstone acquisition. Book value per share climbed 20% to $39.08.
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Credit Quality Monitoring
Nonperforming assets increased to $23.6 million, or 1.04% of total assets, up from 0.84% a year ago. The provision for credit losses was $600,000, down from $860,000 in Q2 2025.
Analysis · PLBC · Finance
Plumas Bancorp delivered its strongest quarter ever, with net income surging 58% year-over-year to $9.9 million, or $1.43 per share. The results reflect the full integration of the Cornerstone acquisition, which closed a year ago, driving a 49% jump in loans and a 38% increase in deposits. Net interest margin expanded to 5.13% as loan yields improved and funding costs remained well-managed. While credit quality bears watching — nonperforming assets rose to 1.04% of total assets — the overall picture is one of a community bank successfully scaling its franchise and generating robust returns on equity (15%). The stock trades near its 52-week high, suggesting the market had anticipated strong results, but the magnitude of the beat and the margin expansion provide fresh evidence of the acquisition's earnings power.
At the time of this filing, PLBC was trading at $58.71 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.