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 Bancshares Inc. reports recurring bank holding company updates for PCLB, centered on the operating results and capital position of its wholly owned subsidiary, Pinnacle Bank. Company news commonly covers quarterly and annual earnings, basic and diluted earnings per share, cash dividend declarations, deposit trends, liquidity measures, and regulatory capital ratios.
Pinnacle Bank operates seven offices in central and northwest Alabama. Recent updates also discuss the effect of interest-rate changes on securities available for sale, accumulated other comprehensive loss, loan-to-deposit levels, outside funding availability, and the bank's classification as a well-capitalized institution.
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.
Pinnacle Bancshares, Inc. (OTC-PINK: PCLB) announced a quarterly cash dividend of $0.22 per share, payable on December 17, 2021. Stockholders of record by December 6, 2021 will benefit from this dividend, which equates to an annualized rate of $0.88 per share. This decision reflects the company's commitment to providing returns to its shareholders.
Pinnacle Bancshares (PCLB) reported a substantial increase in net income to $1.83 million for Q3 2021, up from $712,000 in Q3 2020. For the first nine months, net income reached $3.72 million compared to $2.29 million in the same period last year. The bank recorded significant PPP loan fee income and a rise in bank-owned life insurance income. Basic earnings per share rose to $1.88 from $0.72 year-over-year. However, the company remains cautious about potential impacts from COVID-19, noting economic uncertainties that could affect future performance.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) has announced a quarterly cash dividend of $0.22 per share, to be paid on September 17, 2021. Stockholders of record as of September 7, 2021 will be eligible for this dividend. This payout reflects an annualized rate of $0.88 per share, indicating the company's commitment to returning value to its shareholders.
Pinnacle Bancshares (PCLB) reported a strong second quarter for 2021, with net income rising to $984,000, up from $732,000 a year prior. For the first half of 2021, net income reached $1,891,000, compared to $1,573,000 in 2020. The company recognized $50,000 in PPP fees for the quarter and $191,000 year-to-date. Net interest income also increased significantly, reaching $2,463,000 for the quarter. Basic earnings per share improved to $1.01 versus $0.74 last year. Nonperforming assets slightly rose to $144,000. However, COVID-19 presents ongoing uncertainty for the company.