Pinnacle Bankshares Corporation Announces Increased Dividend
Rhea-AI Summary
Pinnacle Bankshares Corporation (OTCQX: PPBN) announced a quarterly cash dividend of $0.28 per share declared November 11, 2025, payable December 5, 2025, to shareholders of record as of November 21, 2025. The dividend is up $0.01 (4%) from last quarter and marks the 53rd consecutive quarter of dividends and the third increase in 2025.
The company cited continued solid performance, reporting net income of $7.94 million through nine months of 2025, a 25% increase versus the same period last year. First National Bank operates 19 branches across Central and Southern Virginia and opened a Halifax County branch in January 2025.
Positive
- Dividend raised to $0.28 per share (4% increase)
- 53 consecutive quarters with a declared dividend
- Net income $7.94M through nine months, +25% YoY
Negative
- None.
News Market Reaction
On the day this news was published, PPBN gained 1.19%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ALTAVISTA, Va., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of
The
“We are pleased to further increase Pinnacle’s cash dividend to
Company Information
Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. The Bank opened a full-service branch in the South Boston area of Halifax County in January of this year, where it also continues to operate a commercial loan production office. First National Bank is in its 117th year of operation.
This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management's expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.
CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com
FAQ
When is the Pinnacle (PPBN) dividend payable and what is the record date?
How much did Pinnacle (PPBN) increase its dividend on November 11, 2025?
What recent earnings metric did Pinnacle (PPBN) cite to support the dividend increase?
How many consecutive quarters has Pinnacle (PPBN) declared a dividend?
How many branches does First National Bank, Pinnacle's bank, operate in 2025?
Where can Pinnacle (PPBN) shareholders direct questions about the dividend?
