Pinnacle Bankshares Q2 Net Income Soars 140% to $6.5M on Insurance Unit Sale
PPBN has more than doubled off its 52-week low of $28.67.
Summary
Pinnacle Bankshares reported record Q2 2026 net income of $6.45M ($2.97 EPS), a 140% jump from $2.69M a year ago, driven by a $2.96M after-tax gain from selling its stake in Bearing Insurance. Excluding that one-time item, core net income still rose 30% to a record $3.49M, reflecting a 10% increase in net interest income and an 11-basis-point expansion in net interest margin to 4.16%. The balance sheet strengthened with total assets up 7% to $1.14B and deposits growing 7% to $1.04B, while the stock price ended the quarter at $55.10, up 21% year-to-date. This follows a 7% dividend hike announced in May, underscoring management's confidence in sustained profitability. The core earnings beat and margin expansion signal improving fundamentals beyond the one-time gain, with the stock trading near its 52-week high of $59.89.
At the time of this announcement, PPBN was trading at $59.89 on OTC in the Finance sector, with a market capitalization of approximately $130M. The 52-week trading range was $28.67 to $59.89. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.