Welcome to our dedicated page for Pinnacle Banc news (Ticker: PCLB), a resource for investors and traders seeking the latest updates and insights on Pinnacle Banc stock.
Pinnacle Banc (PCLB) provides essential community-focused banking services through deposit products, lending solutions, and personalized financial strategies. This news hub offers investors and stakeholders timely access point for official corporate communications and market-moving developments.
Track all regulatory filings, earnings reports, and strategic initiatives in one centralized location. Our curated collection includes press releases about loan portfolio updates, leadership changes, community partnerships, and operational milestones that demonstrate PCLB's commitment to regional banking excellence.
Key updates cover credit quality improvements, digital banking enhancements, and risk management practices that underpin the institution's stability. Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis.
Pinnacle Bancshares (OTCBB: PCLB) has announced a quarterly cash dividend of $0.27 per share, as approved by its Board of Directors. The dividend is payable on September 20, 2024, to stockholders of record as of September 9, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share, demonstrating the company's commitment to returning value to its shareholders. The announcement reflects Pinnacle Bancshares' financial stability and confidence in its ongoing performance.
Pinnacle Bancshares (OTCBB: PCLB) reported its Q2 2024 results. Net income for Q2 2024 was $1,007,000, down from $1,145,000 in Q2 2023. Earnings per share decreased to $1.11 from $1.26 year-over-year. For the first half of 2024, net income was $1,970,000, compared to $2,325,000 in H1 2023. The company's net interest margin declined to 3.22% for Q2 2024 from 3.35% in Q2 2023. Pinnacle Bank remains well-capitalized with strong capital ratios. The company expects increased interest expenses due to competitive deposit pricing. Total deposits decreased slightly by $1 million compared to December 31, 2023. An accumulated other comprehensive loss of $26.9 million was recorded on securities available for sale due to rising interest rates.
Pinnacle Bancshares has declared a quarterly cash dividend of $0.27 per share, payable on June 14, 2024, to stockholders of record as of June 4, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share. The announcement was made by the company's Board of Directors and is part of their ongoing commitment to shareholder returns.
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