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, Inc. (OTCBB: PCLB) reported a net income of $4,504,000 for the year ending December 31, 2022, resulting in basic/diluted earnings per share of $4.79, a slight decrease from $4.83 in the previous year. Excluding unusual items, adjusted net income for 2022 was $4,327,000, compared to $3,879,000 in 2021. For Q4 2022, net income reached $1,016,000, up from $972,000 in Q4 2021. Despite net charge-offs of $102,000 and a significant accumulated other comprehensive loss of $30 million due to rising interest rates, the company maintained a well-capitalized status with no nonperforming assets.
Pinnacle Bancshares, Inc. (OTC PINK: PCLB) has declared a quarterly cash dividend of $0.27 per share, which will be distributed on March 17, 2023, to stockholders on record as of March 6, 2023. This dividend represents an annualized rate of $1.08 per share, indicating the company's commitment to returning value to its shareholders. This decision reflects the Board of Directors' confidence in the company's financial stability and ongoing profitability.
Pinnacle Bancshares, Inc. (OTC: PCLB) has declared a quarterly cash dividend of $0.25 per share. The dividend is payable on December 22, 2022, to shareholders on record as of December 12, 2022. This quarterly dividend represents an annualized payout of $1.00 per share, reflecting the company's commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported a decline in net income for Q3 2022, with earnings of $1.17 million compared to $1.83 million in Q3 2021. For the first nine months of 2022, net income totaled $3.49 million, down from $3.72 million in 2021. Key figures include a decrease in bank-owned life insurance income and no gains on securities sales in 2022, while diluted earnings per share fell to $1.28. Despite a rise in nonperforming assets, capital ratios remain above requirements. Inflation and rising interest rates led to a significant decrease in total equity attributed to unrealized losses on securities.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) announced a quarterly cash dividend of $0.25 per share, reflecting an annualized rate of $1.00 per share. The dividend is payable on September 16, 2022 to stockholders of record as of September 6, 2022. This decision underscores the company’s commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported strong second quarter results for 2022, revealing a net income of $1,210,000, up from $984,000 in 2021. For the first half of 2022, net income reached $2,320,000 compared to $1,891,000 last year. Key financial metrics include a net interest income of $2,832,000 for Q2 and $5,567,000 for H1. Basic earnings per share increased to $1.25 for Q2 and $2.39 for H1. However, nonperforming assets rose to $60,000, indicating some potential risk. The allowance for loan losses slightly increased to 2.08% as of June 30, 2022.
Pinnacle Bancshares, Inc. (OTC PINK: PCLB) has declared a quarterly cash dividend of $0.25 per share, demonstrating its commitment to returning value to shareholders. The dividend, which is payable on June 17, 2022, will be distributed to stockholders of record as of June 7, 2022. This quarterly dividend represents an annualized rate of $1.00 per share, highlighting the company's stability and profitability.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported a net income of $1,111,000 for Q1 2022, up from $907,000 in Q1 2021. Net interest income rose to $2,735,000 from $2,379,000 year-over-year. Earnings per share increased to $1.14 from $0.93. Return on average assets improved to 1.29%, and the net interest margin expanded to 4.06%. Nonperforming assets decreased to $11,000, maintaining a ratio of 0.01% of total loans. Dividends increased from $.22 to $.25 per share. Uncertainties from COVID-19 and potential future inflation remain concerning for the company's operations.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) has announced a quarterly cash dividend of $0.25 per share, scheduled for payment on March 18, 2022, to stockholders recorded on March 7, 2022. This dividend represents an annualized rate of $1.00 per share, demonstrating the company's commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported a net income of $4,692,000 for the year ending December 31, 2021, up from $3,181,000 in 2020. Net interest income for the year increased to $10,276,000, aided by approximately $661,000 in PPP fees. For Q4 2021, net income rose to $972,000 versus $896,000 in Q4 2020. Basic and diluted earnings per share improved to $4.83 for 2021, compared to $3.21 in 2020. The company's net interest margin decreased to 3.48% in Q4 2021, down from 4.31% a year earlier. Nonperforming assets significantly decreased to $30,000.
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