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PINNACLE BANK (CA) - PBNK STOCK NEWS

Welcome to our dedicated page for PINNACLE BANK (CA) news (Ticker: PBNK), a resource for investors and traders seeking the latest updates and insights on PINNACLE BANK (CA) stock.

Pinnacle Bank (CA) (symbol: PBNK) is a well-established financial institution, headquartered in California, that offers a comprehensive range of banking services. The bank serves small to medium-sized businesses and individual customers with a variety of financial products including loans, deposit services, and treasury management. Recent achievements include expanding their digital banking platform to improve user accessibility and convenience.

Pinnacle Bank prides itself on building lasting relationships with its clients by providing personalized banking solutions. Currently, the bank is focusing on enhancing its range of online services to cater to the growing demand for digital banking. Financially, Pinnacle Bank maintains a strong balance sheet with consistent revenue growth, which has been reported in their most recent financial statements.

Partnerships with fintech companies have allowed Pinnacle Bank to integrate cutting-edge technology into their operations, providing a seamless experience for their customers. The bank also remains committed to community involvement, supporting various local initiatives and charitable organizations.

For investors and stakeholders, Pinnacle Bank continues to be a stable and reliable institution with a focus on sustainable growth and innovation in financial services.

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Pinnacle Bank (OTCQB: PBNK) has restated its Q3 2024 financials, reporting unaudited net income of $244,000, down from $2,728,000 in Q3 2023. The decline was primarily due to a $2.4 million commercial loan charge-off. Total assets reached $891.4 million, up 6% year-over-year, while gross loans increased 14% to $614.6 million. Total deposits grew 5% to $780.9 million. The allowance for credit losses increased to 1.20% of net loans, with nonaccrual loans at $8.4 million compared to none in the previous year. The Bank maintains a total capital ratio of 15.35% with a book value per share of $16.32.

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Pinnacle Bank (PBNK) reported unaudited net income of $1,909,000 for Q3 2024, down from $2,728,000 in Q3 2023. Total assets reached $893.1 million, up 6% year-over-year. Gross loans hit a record $617.0 million, increasing 15% from the previous year. Total deposits grew 5% to $780.9 million. The bank reported nonaccrual loans of $10.9 million, compared to none in Q3 2023. The bank maintains a strong capital position with a total capital ratio of 15.52% and a book value per share of $16.60.

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Pinnacle Bank (OTCQB: PBNK) reported unaudited net income of $2,728,000 for Q2 2024, down from $2,870,000 in Q2 2023. The bank's total assets increased 6% to $849.5 million, while gross loans grew 11% to a record $597.6 million. Total deposits rose 5% to $740.9 million. The bank maintains a strong capital position with a total capital ratio of 15.10% and a book value per share of $16.14. Pinnacle Bank received high ratings from Bauer Financial, DepositAccounts.com, and The Findley Reports, reflecting its strong financial performance and stability in the face of economic challenges.

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Pinnacle Bank (OTCQB: PBNK), announced the election of Edward J. Rossi as Vice Chairman of its Board of Directors, filling the vacancy left by the late Allen R. Greco. Rossi, CEO of Cal Door & Drawer and a founding member of the bank, has been a board member since 2006. He will serve on multiple committees, including Marketing, Directors Loan, Compensation, and as Chairman of the ALCO committee. Pinnacle Bank focuses on commercial banking services in Santa Clara, San Benito, and Monterey counties, with branches in Morgan Hill, Gilroy, Salinas, and Campbell.

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Pinnacle Bank, headquartered in Gilroy, California, reported unaudited net income of $2,453,000 for the first quarter of 2024, compared to $2,723,000 in 2023. Total assets increased by 9% to $833.1 million, with gross loans reaching $576.8 million, a 9% increase from the previous year. Despite challenges like higher interest rates and inflation, the bank saw growth in loans and deposits, reflecting successful relationship banking strategies.
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Pinnacle Bank (PBNK) announced record unaudited net income of $11,771,000 for the year ended December 31, 2023, marking a 39% increase from 2022. Total assets increased by 8% to $817.4 million, while gross loans saw an 11% increase to $564.4 million. The bank's capital position remains strong, with a total capital ratio of 14.64%. Pinnacle Bank received high ratings for strong financial performance from independent rating firms.
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Pinnacle Bank announces unaudited net income of $2,926,000 for Q3 2023, a 17% increase from the same period last year. Total assets increase by 8% to $843.5 million. Gross loans increase by 11% to $538.4 million. Total deposits reach a record high of $746.6 million, a 7% increase.
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Pinnacle Bank announced unaudited net income of $2,926,000 for Q3 2023, a 17% increase from the same period last year. Total assets increased by 8% to $843.5 million, while gross loans increased by 11% to $538.4 million. Total deposits reached a record $746.6 million, a 7% increase.
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Pinnacle Bank announces unaudited net income of $2,870,000 for Q2 2023, a 79% increase from the same period last year. Total assets reach $800.0 million, a 2% increase. Gross loans hit a new record of $539.9 million, a 15% increase. Total deposits increase by 4% to $705.6 million. Bank remains well capitalized.
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FAQ

What is the current stock price of PINNACLE BANK (CA) (PBNK)?

The current stock price of PINNACLE BANK (CA) (PBNK) is $18.65 as of December 24, 2024.

What is the market cap of PINNACLE BANK (CA) (PBNK)?

The market cap of PINNACLE BANK (CA) (PBNK) is approximately 111.3M.

What services does Pinnacle Bank (CA) offer?

Pinnacle Bank provides a wide range of financial services including loans, deposit services, and treasury management for both businesses and individuals.

Where is Pinnacle Bank (CA) headquartered?

Pinnacle Bank is headquartered in California.

What recent achievements has Pinnacle Bank (CA) made?

The bank has recently expanded its digital banking platform to enhance user accessibility and convenience.

What are Pinnacle Bank (CA)’s current projects?

The bank is focusing on enhancing its online services to meet the growing demand for digital banking solutions.

How is Pinnacle Bank (CA) performing financially?

Pinnacle Bank maintains a strong balance sheet with consistent revenue growth, as reported in their most recent financial statements.

Who are Pinnacle Bank (CA)’s primary customers?

The bank serves small to medium-sized businesses and individual customers.

What technology has Pinnacle Bank (CA) integrated?

Pinnacle Bank has partnered with fintech companies to incorporate cutting-edge technology into their banking operations.

Is Pinnacle Bank (CA) involved in community support?

Yes, Pinnacle Bank supports various local initiatives and charitable organizations.

What makes Pinnacle Bank (CA) unique?

Pinnacle Bank is known for its personalized banking solutions and strong customer relationships.

Is Pinnacle Bank (CA) focused on sustainability?

Yes, Pinnacle Bank continues to focus on sustainable growth and innovation in financial services.

PINNACLE BANK (CA)

OTC:PBNK

PBNK Rankings

PBNK Stock Data

111.28M
5.64M
5.52%
Banks - Regional
Financial Services
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United States of America
Gilroy