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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, Inc. (OTCBB: PCLB) reported a net income of $4,504,000 for the year ending December 31, 2022, resulting in basic/diluted earnings per share of $4.79, a slight decrease from $4.83 in the previous year. Excluding unusual items, adjusted net income for 2022 was $4,327,000, compared to $3,879,000 in 2021. For Q4 2022, net income reached $1,016,000, up from $972,000 in Q4 2021. Despite net charge-offs of $102,000 and a significant accumulated other comprehensive loss of $30 million due to rising interest rates, the company maintained a well-capitalized status with no nonperforming assets.
Pinnacle Bancshares, Inc. (OTC PINK: PCLB) has declared a quarterly cash dividend of $0.27 per share, which will be distributed on March 17, 2023, to stockholders on record as of March 6, 2023. This dividend represents an annualized rate of $1.08 per share, indicating the company's commitment to returning value to its shareholders. This decision reflects the Board of Directors' confidence in the company's financial stability and ongoing profitability.
Pinnacle Bancshares, Inc. (OTC: PCLB) has declared a quarterly cash dividend of $0.25 per share. The dividend is payable on December 22, 2022, to shareholders on record as of December 12, 2022. This quarterly dividend represents an annualized payout of $1.00 per share, reflecting the company's commitment to returning value to its shareholders.
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