Plumas Bancorp Q2 2026: Record Earnings and Margin Expansion, but Nonperformers Rise

summarizeSummary

Plumas Bancorp posted record Q2 2026 earnings of $9.96 million ($1.41 diluted EPS), a 58% increase year-over-year, fueled by the Cornerstone acquisition and a 30-basis-point net interest margin expansion to 5.13%. Nonperforming assets rose to $23.6 million, or 1.04% of total assets, from $15.3 million at year-end, primarily in agricultural loans. The company also disclosed new executive retirement agreements and continued its share repurchase program.

check_boxKey Events · Earnings and Guidance · PLBC

• Record Q2 Earnings

  Net income reached $9.96 million ($1.41 diluted EPS), up 58% from $6.32 million a year ago, driven by the Cornerstone acquisition and higher net interest income.

• Net Interest Margin Expansion

  The net interest margin widened to 5.13% from 4.83% a year ago, reflecting higher loan yields and accretion of purchase discounts on acquired loans.

• Nonperforming Assets Increase

  Nonperforming assets rose to $23.6 million (1.04% of total assets) from $15.3 million at year-end, primarily due to one large agricultural relationship and several smaller credits.

• Share Repurchase Program

  Under a $25 million authorization, the company repurchased $2.8 million of common stock in H1 2026, with $22.2 million remaining.

auto_awesomeAnalysis · PLBC · Finance

A 58% surge in net income to a record $9.96 million highlights the quarter, powered by the Cornerstone acquisition and a wider net interest margin. Offsetting that strength, nonperforming assets climbed to 1.04% of total assets from 0.68% at year-end, concentrated in agricultural loans. The bank also disclosed new supplemental retirement agreements for two executives and continued its share buyback program. The strong earnings and margin expansion are tempered by the uptick in credit stress, making this a mixed but important quarterly update.