Plumas Bancorp (NASDAQ: PLBC) OKs $25M stock repurchase plan

Rhea-AI Filing Summary

Plumas Bancorp announced that its Board of Directors has authorized a share repurchase program for up to $25 million of its common stock. The program runs through the fourth quarter of 2026 and allows purchases in the open market, block trades, privately negotiated deals, or other methods permitted by securities laws.

The company plans to fund these repurchases using available cash and retained earnings. The program does not require Plumas Bancorp to buy any specific number of shares and can be modified, suspended, or ended at any time without prior notice.

Insights

Bank capital management analyst

Plumas Bancorp adds flexibility to return capital via a $25M buyback.

Authorizing up to $25 million of common stock repurchases through the fourth quarter of 2026 gives Plumas Bancorp discretion to return capital when management believes conditions are attractive. Repurchases may be executed via open market trades, block transactions, privately negotiated deals, or other lawful methods.

The company plans to fund the program from available cash and retained earnings, so actual usage will depend on capital levels, market conditions, and other corporate needs. The Board’s ability to modify, suspend, or terminate the program at any time means future activity will be shaped by evolving financial and strategic priorities.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 2, 2026

PLUMAS BANCORP

(Exact name of registrant as specified in its charter)

California		000-49883		75-2987096
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

5525 Kietzke Lane, Suite 100, Reno, Nevada		89511
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (775) 786-0907

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	PLBC	NASDAQ Capital Market

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Item 8.01 Other Events

Plumas Bancorp today announced that its Board of Directors has authorized a share repurchase program authorizing the Company to repurchase up to $25 million of the Company’s common stock through the fourth quarter of 2026.

The Company may affect repurchases from time to time through open market purchases, privately negotiated transactions, block trades, or other means in accordance with applicable securities laws. The actual timing, number, and value of shares repurchased will depend on a variety of factors, including market conditions, capital availability, and other corporate considerations.

The Company intends to fund the repurchases from available cash and retained earnings.

The repurchase program does not obligate the Company to acquire any specific number of shares and may be modified, suspended, or terminated at any time without prior notice.

The Company issued a press release announcing the stock repurchase program on February 2, 2026, a copy of which is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Exhibits

99.1 Plumas Bancorp Press Released dated February 2, 2026

104 Cover Page Interactive Data File

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Plumas Bancorp (Registrant)
February 2, 2026	By:	/s/ Richard L. Belstock
		Name: Richard L. Belstock
		Title: Chief Financial Officer

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FAQ

What did Plumas Bancorp (PLBC) announce in its latest 8-K filing?

Plumas Bancorp announced Board authorization of a share repurchase program for up to $25 million of its common stock. The program runs through the fourth quarter of 2026 and can be funded from available cash and retained earnings, offering flexible methods for buying back shares.

How large is Plumas Bancorp’s (PLBC) authorized stock repurchase program?

Plumas Bancorp’s Board authorized a stock repurchase program of up to $25 million in common stock. This limit represents the maximum aggregate value of shares that may be repurchased under the program through the fourth quarter of 2026, subject to market and corporate conditions.

How long will Plumas Bancorp’s (PLBC) $25 million buyback program last?

Plumas Bancorp’s share repurchase program is authorized through the fourth quarter of 2026. During this period, the company may repurchase up to $25 million of common stock, but it can modify, suspend, or terminate the program at any time without prior notice.

How will Plumas Bancorp (PLBC) fund its share repurchases?

Plumas Bancorp intends to fund its share repurchases from available cash and retained earnings. This means the company will use internally generated financial resources to execute buybacks, rather than specifying any external financing in the disclosure provided.

What methods can Plumas Bancorp (PLBC) use to repurchase its stock?

Plumas Bancorp may repurchase shares through open market purchases, privately negotiated transactions, block trades, or other means allowed by securities laws. This flexibility lets the company choose transaction types that best fit prevailing market conditions and its capital strategy.

Is Plumas Bancorp (PLBC) required to repurchase a specific number of shares?

Plumas Bancorp is not obligated to buy any specific number of shares under the program. The actual timing, number, and value of repurchased shares will depend on market conditions, capital availability, and other corporate considerations over the life of the authorization.