10-K · March 19, 2026
Plumas Bancorp emphasizes a community-focused, high-tech/high-touch banking strategy and completed the July 1, 2025 acquisition of Cornerstone Community Bancorp (estimated fair value of assets acquired $659.4 million).…
Earnings analysis · 10-Q
PLBC earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Plumas Bancorp reported strong Q1 2026 results, with EPS of $1.38, beating estimates and up from $1.20 YOY. Revenue grew to $28.1 million, a 17% increase from the previous year, driven by an increase in net interest…
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Plumas Bancorp reported strong Q1 2026 results, with EPS of $1.38, beating estimates and up from $1.20 YOY. Revenue grew to $28.1 million, a 17% increase from the previous year, driven by an increase in net interest income fueled by the Cornerstone acquisition. Non-interest expenses rose significantly, impacting margins, but net income rose to $9.8 million, reflecting solid operational performance despite rising costs and credit provisions declining.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.38
What stood out
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EPS Beats Estimates
Earnings per share were reported at $1.38, exceeding estimates of $1.29 by 7%.
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Revenue Increase
Total revenue for Q1 2026 grew to $28.1 million, up 17% from $24 million in Q1 2025.
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Strong Net Interest Income Growth
Net interest income increased to $25.1 million in Q1 2026, a rise of $6.6 million compared to $18.5 million in the same quarter last year.
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Improved Non-Interest Income
Total non-interest income decreased modestly to $3.0 million, impacted by a previous year's settlement not repeated this quarter.
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Robust Net Income Growth
Net income rose to $9.8 million in Q1 2026, up from $7.2 million in Q1 2025.
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Increased Loan Growth Push
The average loan balance rose significantly by $495 million YOY, enhancing interest income.
What to watch
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Rise in Non-Interest Expenses
Non-interest expenses surged by $3.8 million to $15.3 million compared to $11.5 million in Q1 2025.
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Acquisition Integration Costs
Recent acquisition of Cornerstone may continue to strain integration costs impacting future profitability.
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Geographic Risk Concentration
Continued dependency on California and Nevada markets introduces risks related to local economic downturns.
Management's outlook
Management emphasizes growth from the Cornerstone acquisition but deferred explicit revenue and earnings guidance to upcoming calls.
Earlier filings 4
10-Q · August 6, 2025
Plumas Bancorp reported weaker quarterly profitability with net income of $6.3 million for Q2 2025, down from $6.8 million in Q2 2024, driven by a $222 thousand decline in net interest income and a $616 thousand…
10-Q · May 7, 2025
Plumas Bancorp reported solid first-quarter results with net income of $7.2 million and GAAP diluted EPS of $1.20 for the three months ended March 31, 2025. Revenue drivers included net interest income of $18.539…
10-Q · November 6, 2024
Plumas Bancorp reported Q3 (three months ended September 30, 2024) total revenue of $21.107 million (net interest income $18.870 million + non-interest income $2.237 million) and net income of $7.8 million, modestly…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.