PINNACLE BANCSHARES INC - PCLB STOCK NEWS

Pinnacle Bancshares (OTCBB: PCLB) reported Q3 2024 financial results with net income of $1,057,000 ($1.16 per share), down from $1,174,000 ($1.29 per share) in Q3 2023. For the nine months ended September 30, 2024, net income was $3,027,000 ($3.33 per share) compared to $3,499,000 ($3.85 per share) in 2023. The bank maintained strong capital ratios, with common equity Tier 1 and Tier 1 risk-based capital ratios at 18.78%, total capital ratio at 19.90%, and Tier 1 leverage ratio at 11.52%. Total deposits increased by $3.3 million (1%) compared to December 2023, with no nonperforming assets reported.

Pinnacle Bancshares (OTCBB: PCLB) has announced a quarterly cash dividend of $0.27 per share, as approved by its Board of Directors. The dividend is payable on September 20, 2024, to stockholders of record as of September 9, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share, demonstrating the company's commitment to returning value to its shareholders. The announcement reflects Pinnacle Bancshares' financial stability and confidence in its ongoing performance.

Pinnacle Bancshares (OTCBB: PCLB) reported its Q2 2024 results. Net income for Q2 2024 was $1,007,000, down from $1,145,000 in Q2 2023. Earnings per share decreased to $1.11 from $1.26 year-over-year. For the first half of 2024, net income was $1,970,000, compared to $2,325,000 in H1 2023. The company's net interest margin declined to 3.22% for Q2 2024 from 3.35% in Q2 2023. Pinnacle Bank remains well-capitalized with strong capital ratios. The company expects increased interest expenses due to competitive deposit pricing. Total deposits decreased slightly by $1 million compared to December 31, 2023. An accumulated other comprehensive loss of $26.9 million was recorded on securities available for sale due to rising interest rates.

Pinnacle Bancshares has declared a quarterly cash dividend of $0.27 per share, payable on June 14, 2024, to stockholders of record as of June 4, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share. The announcement was made by the company's Board of Directors and is part of their ongoing commitment to shareholder returns.

Pinnacle Bancshares, Inc. (PCLB) reported its first-quarter results for 2024, showing a decrease in basic/diluted earnings per share compared to the previous year. Net income also declined, with a lower return on average assets. The company's net interest margin decreased as well, with expectations of rising interest expenses in 2024 due to various factors.

Pinnacle Bancshares, Inc. (PCLB) announces a new stock repurchase plan, representing approximately 5% of total shares outstanding. The company had total assets of $339 million and total stockholders’ equity of $11.3 million as of February 28, 2024. The plan allows repurchases in various manners to enhance stockholder value.

Pinnacle Bancshares, Inc. (PCLB) declares a quarterly cash dividend of $0.27 per share, equivalent to an annualized rate of $1.08 per share, payable on March 22, 2024, to stockholders of record on March 11, 2024.

Pinnacle Bancshares, Inc. (PCLB) announced their financial results for the fourth quarter and year ended December 31, 2023. The basic/diluted earnings per share for the three months ended December 31, 2023, was $1.08, compared to $1.12 per share for the same period in 2022. Net income for the three months ended December 31, 2023, was $981,000, compared to $1,016,000 for the same period in 2022. For the year ended December 31, 2023, the basic/diluted earnings per share was $4.93, compared to $4.79 per share for the year ended December 31, 2022. Pinnacle reported net income of $4,480,000 for the year ended December 31, 2023, compared to $4,504,000 for the year ended December 31, 2022. The return on average assets for the three and nine months ended December 31, 2023, was 1.18% and 1.34%, respectively, compared to 1.29% and 1.35% for the same periods in 2022. The company’s net interest margin decreased for both the three months and year ended December 31, 2023, compared to the same periods in 2022. The company anticipates that interest expense relating to its funding will continue to increase during 2024 due to various factors such as increased deposit exception pricing and deposit migration to higher yielding deposit products.

Pinnacle Bancshares, Inc. (PCLB) approves quarterly cash dividend of $0.27 per share, payable on December 22, 2023, to stockholders of record on December 12, 2023. The annualized rate is $1.08 per share.