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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 decline in net income for Q3 2022, with earnings of $1.17 million compared to $1.83 million in Q3 2021. For the first nine months of 2022, net income totaled $3.49 million, down from $3.72 million in 2021. Key figures include a decrease in bank-owned life insurance income and no gains on securities sales in 2022, while diluted earnings per share fell to $1.28. Despite a rise in nonperforming assets, capital ratios remain above requirements. Inflation and rising interest rates led to a significant decrease in total equity attributed to unrealized losses on securities.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) announced a quarterly cash dividend of $0.25 per share, reflecting an annualized rate of $1.00 per share. The dividend is payable on September 16, 2022 to stockholders of record as of September 6, 2022. This decision underscores the company’s commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported strong second quarter results for 2022, revealing a net income of $1,210,000, up from $984,000 in 2021. For the first half of 2022, net income reached $2,320,000 compared to $1,891,000 last year. Key financial metrics include a net interest income of $2,832,000 for Q2 and $5,567,000 for H1. Basic earnings per share increased to $1.25 for Q2 and $2.39 for H1. However, nonperforming assets rose to $60,000, indicating some potential risk. The allowance for loan losses slightly increased to 2.08% as of June 30, 2022.
Pinnacle Bancshares, Inc. (OTC PINK: PCLB) has declared a quarterly cash dividend of $0.25 per share, demonstrating its commitment to returning value to shareholders. The dividend, which is payable on June 17, 2022, will be distributed to stockholders of record as of June 7, 2022. This quarterly dividend represents an annualized rate of $1.00 per share, highlighting the company's stability and profitability.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported a net income of $1,111,000 for Q1 2022, up from $907,000 in Q1 2021. Net interest income rose to $2,735,000 from $2,379,000 year-over-year. Earnings per share increased to $1.14 from $0.93. Return on average assets improved to 1.29%, and the net interest margin expanded to 4.06%. Nonperforming assets decreased to $11,000, maintaining a ratio of 0.01% of total loans. Dividends increased from $.22 to $.25 per share. Uncertainties from COVID-19 and potential future inflation remain concerning for the company's operations.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) has announced a quarterly cash dividend of $0.25 per share, scheduled for payment on March 18, 2022, to stockholders recorded on March 7, 2022. This dividend represents an annualized rate of $1.00 per share, demonstrating the company's commitment to returning value to its shareholders.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) reported a net income of $4,692,000 for the year ending December 31, 2021, up from $3,181,000 in 2020. Net interest income for the year increased to $10,276,000, aided by approximately $661,000 in PPP fees. For Q4 2021, net income rose to $972,000 versus $896,000 in Q4 2020. Basic and diluted earnings per share improved to $4.83 for 2021, compared to $3.21 in 2020. The company's net interest margin decreased to 3.48% in Q4 2021, down from 4.31% a year earlier. Nonperforming assets significantly decreased to $30,000.
Pinnacle Bancshares, Inc. (OTC-PINK: PCLB) announced a quarterly cash dividend of
Pinnacle Bancshares (PCLB) reported a substantial increase in net income to $1.83 million for Q3 2021, up from $712,000 in Q3 2020. For the first nine months, net income reached $3.72 million compared to $2.29 million in the same period last year. The bank recorded significant PPP loan fee income and a rise in bank-owned life insurance income. Basic earnings per share rose to $1.88 from $0.72 year-over-year. However, the company remains cautious about potential impacts from COVID-19, noting economic uncertainties that could affect future performance.
Pinnacle Bancshares, Inc. (OTCBB: PCLB) has announced a quarterly cash dividend of $0.22 per share, to be paid on September 17, 2021. Stockholders of record as of September 7, 2021 will be eligible for this dividend. This payout reflects an annualized rate of $0.88 per share, indicating the company's commitment to returning value to its shareholders.
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