Welcome to our dedicated page for Plumas news (Ticker: PLBC), a resource for investors and traders seeking the latest updates and insights on Plumas stock.
Plumas Bancorp (NASDAQ: PLBC) maintains its position as a leading community bank serving Northern California and Nevada through localized financial solutions. This news hub provides investors and stakeholders with essential updates about this regional banking institution.
Access verified information about PLBC's financial performance, including quarterly earnings and strategic initiatives. The curated collection features official press releases covering loan portfolio expansions, digital banking enhancements, and community development programs.
Key updates include regulatory filings, leadership announcements, and service area expansions. Users will find detailed reporting on agricultural lending programs and commercial real estate financing developments specific to PLBC's operational regions.
Bookmark this page for streamlined access to Plumas Bancorp's financial communications. Check regularly for updates on dividend declarations, capital management strategies, and innovations in small business banking services.
Plumas Bancorp (Nasdaq:PLBC) announced a quarterly cash dividend of $0.25 per share, payable on May 15, 2023, to stockholders of record as of May 1, 2023. This decision reflects the company’s ongoing commitment to returning value to its shareholders. Headquartered in Reno, Nevada, Plumas Bancorp serves as the parent company of Plumas Bank, which provides a wide range of financial services across its 14 branches in California and Nevada. Established in 1980, Plumas Bank has achieved nationwide Preferred Lender status with the SBA, indicating strong operational capabilities and market recognition.
Plumas Bancorp (Nasdaq: PLBC) reported record earnings for the first quarter of 2023, with a net income of $7.6 million or $1.30 per share, a significant increase from $5.7 million or $0.98 per share in Q1 2022. Diluted earnings per share rose to $1.28 from $0.97. Net interest income increased 43% to $17.1 million, and gross loans rose 9% to $916 million. Total deposits decreased by $61 million to $1.4 billion. Despite a decline in deposits, the bank's capital position remains strong with a return on average assets of 1.93% and return on average equity at 25.0%. The company is planning to open a new branch in Chico, California, enhancing its regional presence.
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