PLBC earnings analysis
What we found in PLBC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beats Estimates
- Earnings per share were reported at $1.38, exceeding estimates of $1.29 by 7%.
- Revenue Increase
- Total revenue for Q1 2026 grew to $28.1 million, up 17% from $24 million in Q1 2025.
- 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.
- 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.
- Robust Net Income Growth
- Net income rose to $9.8 million in Q1 2026, up from $7.2 million in Q1 2025.
- Increased Loan Growth Push
- The average loan balance rose significantly by $495 million YOY, enhancing interest income.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- Acquisition Integration Costs
- Recent acquisition of Cornerstone may continue to strain integration costs impacting future profitability.
- Geographic Risk Concentration
- Continued dependency on California and Nevada markets introduces risks related to local economic downturns.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.38
What they said about what is next.
Management emphasizes growth from the Cornerstone acquisition but deferred explicit revenue and earnings guidance to upcoming calls.
The filing reads better than the one before it.
What came before.
- 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).…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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