Welcome to our dedicated page for Pinnacle Bank news (Ticker: PBNK), a resource for investors and traders seeking the latest updates and insights on Pinnacle Bank stock.
Pinnacle Bank (PBNK) reports developments for a Gilroy, California community bank focused on relationship-based business banking for local businesses, nonprofits, entrepreneurs and business owners from the Salinas Valley to Silicon Valley. Recurring updates cover unaudited quarterly and annual earnings, asset levels, gross loans, deposits, book value per share and regulatory capital ratios.
Company news also addresses credit quality within loan portfolios, including allowance levels, provisions for credit losses, nonaccrual or nonperforming assets, and exposure areas such as asset-based lending and hospitality-related commercial real estate. Governance updates include board leadership changes.
Pinnacle Bank (OTCQB:PBNK) announced that Mark Roach has joined as Executive Vice President, Senior Lending Officer, effective June 4, 2026. Roach brings over 30 years of commercial lending and credit risk management experience.
He will support existing lending clients, evaluate new lending opportunities, and be based in the Campbell office, reporting to Chief Credit Officer Cliff Dennett.
Pinnacle Bank (OTCQB:PBNK), headquartered in Gilroy, California, announced on June 2, 2026 that Debra Silveira has joined as Executive Vice President, Director of Human Resources.
Silveira brings over 26 years of banking experience, a background in business marketing and humanities, and a focus on employee advocacy, professional development, and inclusive, people-centric culture.
Pinnacle Bank (OTCQB: PBNK) reported unaudited Q1 2026 net income of $1.319 million, down from $1.914 million a year earlier. Total assets were $945.8 million, up 6% year-over-year, and total deposits grew 6% to $823.5 million.
Allowance for loan losses rose to $12.971 million (2.29% of net loans). The bank remained well capitalized with a total capital ratio of 17.71% and book value per share of $18.08 as of March 31, 2026.
Pinnacle Bank (OTCQB: PBNK) reported unaudited net income of $5.45M for year ended December 31, 2025, down from $8.85M in 2024. Fourth-quarter 2025 net income was $0.287M versus $3.42M a year earlier, after a $4.223M provision for credit issues.
Total assets rose to $890.4M, gross loans were $583.4M, total deposits were $765.8M, allowance for loan losses increased to $13.152M (2.27% of net loans), and total capital ratio remained well capitalized at 17.24%.
Pinnacle Bank (OTCQB:PBNK) reported unaudited Q3 2025 net income of $1,076,000, up from $244,000 in Q3 2024. Total assets were $905.7 million (+2% YoY) and total deposits were $785.0 million (+1% YoY). Gross loans declined to $568.4 million (-8% YoY) while the allowance for credit losses rose to $8.922 million (1.58% of net loans).
The quarter included a $2.0 million provision for credit losses tied to reduced collateral values on nonaccrual loans (commercial real estate hotel loans $8.1M; asset-based commercial loans $5.6M). Book value per share was $17.81 and the Bank reported a total capital ratio of 17.76%, above well-capitalized thresholds.
Pinnacle Bank (OTCQB: PBNK) reported Q2 2025 financial results with net income of $2.17 million, up 14% from $1.91 million in Q1 2025. Total assets reached $878.1 million, showing a 3% year-over-year growth.
The bank's financial position remains strong with a total capital ratio of 17.52%, well above regulatory requirements. Total deposits increased by 2% year-over-year to $759.3 million. However, gross loans decreased 5% to $568.7 million compared to the previous year. The bank reported nonperforming assets of $11.5 million, up from zero in the previous year.
Book value per share increased to $17.57, and the bank maintains its Five-Star "Superior" rating from Bauer Financial.
Pinnacle Bank (OTCQB: PBNK) reported Q1 2025 financial results with unaudited net income of $1.914 million, down from $2.453 million in Q1 2024. Total assets reached $892.5 million, showing a 7% year-over-year increase. The bank experienced flat loan growth at $576.6 million, while total deposits grew 7% to $775.0 million.
Notable metrics include increased nonperforming assets of $9.6 million (from zero in Q1 2024), and an allowance for credit losses of 1.23% of net loans. The bank maintains strong capital ratios, with a total capital ratio of 17.20%. Book value per share increased to $17.16, and earnings per share were $0.32, compared to $0.42 in Q1 2024.
The bank attributes lower Q1 interest income to the Federal Reserve's 1% rate reduction during 2024, which impacted operating results.
Pinnacle Bank (PBNK) reported unaudited net income of $8.846 million for 2024, down from $11.771 million in 2023. Fourth quarter 2024 net income was $3.421 million, up from $3.251 million in Q4 2023. Total assets grew 4% to $846.8 million, while gross loans increased 6% to $600.6 million. The allowance for loan losses rose to $7.352 million (1.23% of net loans) from $5.952 million (1.06%). Nonperforming loans reached $12.0 million, up from zero in 2023.
Total deposits increased 2% to $732.2 million. The bank maintained strong capital position with a total capital ratio of 16.34% and book value per share of $16.87. Pinnacle Bank received top ratings from Bauer Financial and DepositAccounts.com, serving Santa Clara, San Benito and Monterey counties.
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.
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.