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Pinnacle Bancshares, Inc. - PCLB STOCK NEWS

Welcome to our dedicated news page for Pinnacle Bancshares (Ticker: PCLB), a resource for investors and traders seeking the latest updates and insights on Pinnacle Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pinnacle Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pinnacle Bancshares's position in the market.

Rhea-AI Summary
Pinnacle Bancshares, Inc. (PCLB) announces a new stock repurchase plan, representing approximately 5% of total shares outstanding. The company had total assets of $339 million and total stockholders’ equity of $11.3 million as of February 28, 2024. The plan allows repurchases in various manners to enhance stockholder value.
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Rhea-AI Summary
Pinnacle Bancshares, Inc. (PCLB) declares a quarterly cash dividend of $0.27 per share, equivalent to an annualized rate of $1.08 per share, payable on March 22, 2024, to stockholders of record on March 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
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dividends
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Rhea-AI Summary
Pinnacle Bancshares, Inc. (PCLB) announced their financial results for the fourth quarter and year ended December 31, 2023. The basic/diluted earnings per share for the three months ended December 31, 2023, was $1.08, compared to $1.12 per share for the same period in 2022. Net income for the three months ended December 31, 2023, was $981,000, compared to $1,016,000 for the same period in 2022. For the year ended December 31, 2023, the basic/diluted earnings per share was $4.93, compared to $4.79 per share for the year ended December 31, 2022. Pinnacle reported net income of $4,480,000 for the year ended December 31, 2023, compared to $4,504,000 for the year ended December 31, 2022. The return on average assets for the three and nine months ended December 31, 2023, was 1.18% and 1.34%, respectively, compared to 1.29% and 1.35% for the same periods in 2022. The company’s net interest margin decreased for both the three months and year ended December 31, 2023, compared to the same periods in 2022. The company anticipates that interest expense relating to its funding will continue to increase during 2024 due to various factors such as increased deposit exception pricing and deposit migration to higher yielding deposit products.
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End-of-Day
2.61%
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Rhea-AI Summary
Pinnacle Bancshares, Inc. (PCLB) approves quarterly cash dividend of $0.27 per share, payable on December 22, 2023, to stockholders of record on December 12, 2023. The annualized rate is $1.08 per share.
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Rhea-AI Summary
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported net income of $1,174,000 for Q3 2023, resulting in earnings per share of $1.29. For the nine months ended September 30, 2023, net income was $3,499,000, with earnings per share of $3.85. Return on average assets for Q3 2023 was 1.40% and for the nine months was 1.39%. Net interest margin decreased to 3.25% for Q3 2023 compared to 3.37% in Q3 2022. Pinnacle's allowance for loan losses decreased to 2.02% at September 30, 2023. The company adopted the current expected credit loss (CECL) model effective January 1, 2023. Dividends of $0.27 and $0.81 per share were paid to shareholders in Q3 2023. Total deposits decreased by $8.9 million, or 2.8%, compared to December 31, 2022.
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-0.37%
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Rhea-AI Summary
Pinnacle Bancshares approves quarterly cash dividend of $0.27 per share.
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1.05%
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dividends
Rhea-AI Summary
Pinnacle Bancshares reports second quarter results with net income of $1,145,000 and basic/diluted earnings per share of $1.26. Return on average assets for the quarter was 1.36% and net interest margin was 3.35%. The company's allowance for loan losses decreased to 2.13% and nonperforming assets were $482,000. Pinnacle Bank remains well capitalized with capital ratios significantly higher than requirements. Deposits decreased by $11.7 million and the company expects deposit pricing to become more competitive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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earnings
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Rhea-AI Summary
Pinnacle Bancshares approves quarterly cash dividend of $0.27 per share, payable on June 16, 2023.
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Pinnacle Bancshares, Inc. announces Q1 2023 results with net income of $1.18 million and basic/diluted earnings per share of $1.30. Return on average assets increased to 1.43% compared to the same period in 2022. Net interest margin decreased to 3.56% from 4.06% in Q1 2022. Allowance for loan losses as a percent of total loans decreased slightly to 2.13%.
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End-of-Day
-1.23%
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earnings
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Pinnacle Bancshares, Inc.

OTC:PCLB

PCLB Rankings

PCLB Stock Data

22.28M
354.05k
0.01%
Commercial Banking
Finance and Insurance
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