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 (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.
Pinnacle Bancshares, Inc. (PCLB) has declared a quarterly cash dividend of $0.22 per share, amounting to an annualized rate of $0.88. This dividend is scheduled for payment on June 18, 2021 to stockholders who are on record as of June 8, 2021. This move demonstrates the company’s commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTC Pink: PCLB) reported a net income of $907,000 for Q1 2021, an increase from $841,000 in Q1 2020. Net interest income rose to $2,379,000, up from $2,022,000 a year earlier. Earnings per share improved to $0.93 compared to $0.82 in the same period last year. However, the return on average assets decreased to 1.26% from 1.39%. The allowance for loan losses as a percentage of total loans declined to 1.92%. Shareholders received dividends of $0.22 per share, up from $0.19.
Pinnacle Bancshares, Inc. (OTC PINK: PCLB) has announced a quarterly cash dividend of $0.22 per share. The dividend will be paid on March 19, 2021, to shareholders of record as of March 8, 2021. This quarterly dividend reflects an annualized rate of $0.88 per share, signaling the company's commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTC Pink: PCLB) reported a strong performance for Q4 and the year ending December 31, 2020. Net income rose to $896,000 in Q4 2020 from $686,000 in Q4 2019, and for the year, net income reached $3,181,000, an increase from $2,889,000 in 2019. Net interest income before provisions for loan losses was $2,797,000 in Q4 2020, up from $2,039,000 in Q4 2019. The provision for loan losses significantly decreased to $200,000, with a stable nonperforming loan ratio at 0.12%. The bank remains well-capitalized, maintaining strong capital ratios amid uncertain economic conditions.