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Pinnacle Bancshares Inc (PCLB) is a reputable financial institution with a significant presence in the industry. The company offers a wide range of banking and financial services to both individuals and businesses. Their core business revolves around providing comprehensive banking solutions including savings accounts, checking accounts, loans, and investment services. Recently, Pinnacle Bancshares Inc has made headlines with its strategic partnerships and successful financial performance. They have introduced innovative products aimed at enhancing customer experience and meeting the diverse needs of their clientele. The company's financial condition remains robust, showcasing a strong balance sheet with consistent earnings growth. Pinnacle Bancshares Inc continues to focus on expanding its market reach and improving its service offerings through various ongoing projects and technological advancements.
With a commitment to excellence and customer satisfaction, Pinnacle Bancshares Inc has garnered a loyal customer base and continues to attract new clients. They are dedicated to maintaining high standards of operation while adhering to regulatory requirements and ethical business practices.
Stay tuned for the latest news and updates about Pinnacle Bancshares Inc as they continue to make impactful strides in the financial sector.
Pinnacle Bancshares (OTCBB: PCLB) has announced a quarterly cash dividend of $0.27 per share, as approved by its Board of Directors. The dividend will be paid on March 21, 2025 to stockholders of record as of March 10, 2025. This quarterly distribution translates to an annualized dividend rate of $1.08 per share.
Pinnacle Bancshares (OTCBB: PCLB) has released its financial results for Q4 and full-year 2024. The company reported Q4 earnings per share of $1.15 (vs $1.08 in Q4 2023) and net income of $1,038,000 (vs $981,000 in Q4 2023). For the full year 2024, earnings per share decreased to $4.48 from $4.93 in 2023, with net income declining to $4,066,000 from $4,480,000.
The bank maintained strong capital ratios, with common equity Tier 1 and Tier 1 risk-based capital ratios at 18.97%, total capital ratio at 20.05%, and Tier 1 leverage ratio at 11.09%. Total deposits increased by $6.8 million (2.2%) compared to 2023. The company's net interest margin slightly decreased to 3.17% in Q4 2024 from 3.18% in Q4 2023.
The bank reported no nonperforming assets and maintained an allowance for loan losses of 1.78% of total loans. However, the company noted significant unrealized losses of $28.7 million on securities due to rising interest rates.
Pinnacle Bancshares (OTCBB: PCLB) has announced a quarterly cash dividend of $0.27 per share, which will be paid on December 20, 2024, to stockholders of record as of December 10, 2024. This quarterly dividend translates to an annualized rate of $1.08 per share.
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.
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