Plumas Bancorp - PLBC STOCK NEWS

Plumas Bancorp (PLBC) reported record first quarter earnings of $5.7 million or $0.98 per share, a 29% increase from $4.4 million in Q1 2021. Total assets surged by 34% to $1.6 billion, with gross loans rising 15% to $839 million. Deposits climbed 37% to $1.5 billion. Net interest income increased by 15% to $12.0 million, while non-interest income rose 57% to $3.6 million. However, return on average assets dipped to 1.42% and return on average equity slightly decreased to 17.6%.

Plumas Bancorp (Nasdaq:PLBC) announced a quarterly cash dividend of $0.16 per share, payable on February 15, 2022, to shareholders of record as of January 31, 2022. The company continues its commitment to returning value to shareholders while managing its operations across 14 branches in California and Nevada. Plumas Bank, the company's principal subsidiary, offers a wide array of financial services and has achieved Preferred Lender status with the SBA.

Plumas Bancorp (PLBC) announced strong financial results for 2021, achieving record total assets of $1.6 billion, up by $502 million (45%) year-over-year. Net income rose to $21 million ($3.82 per share), a $6.5 million increase from 2020. The fourth quarter saw earnings of $5.5 million ($0.95 per share), a gain over the previous year. The company's acquisition of Bank of Feather River contributed to growth, with significant increases in loans and deposits, totaling $839 million and $1.4 billion, respectively. Despite challenges from the pandemic and wildfires, Plumas Bank demonstrated resilience and community support.

Plumas Bancorp (Nasdaq:PLBC) announced a quarterly cash dividend of $0.14 per share, payable on November 15, 2021. Stockholders must be on record by November 1, 2021 to receive this dividend. Headquartered in Reno, Nevada, Plumas Bancorp operates through its principal subsidiary, Plumas Bank, which serves various counties in California and Nevada. The bank offers a range of financial services and has been recognized as a Preferred Lender by the U.S. Small Business Administration.

Plumas Bancorp (Nasdaq:PLBC) reported record earnings and total assets for the three and nine months ending September 30, 2021. Total assets rose to $1.6 billion, a 41% increase from the prior year. Earnings for Q3 2021 were $6.6 million ($1.13 per share), up from $3.7 million ($0.71 per share) in Q3 2020. For the first nine months of 2021, net income reached $15.5 million ($2.87 per share), representing a substantial increase over the previous year. The acquisition of Bank of Feather River contributed significantly to these results, alongside a reduction in loan loss provisions and increased PPP fees.

Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.14 per share, set to be paid on August 16, 2021. Stockholders must be on record by August 2, 2021 to qualify for this dividend. Headquartered in Reno, Nevada, Plumas Bancorp operates Plumas Bank, a community bank with fourteen branches across California and Nevada. The bank offers a variety of financial services and holds a nationwide Preferred Lender status with the SBA.

Plumas Bancorp (PLBC) reported record earnings of $4.5 million or $0.86 per share for Q2 2021, a significant increase from $3.2 million or $0.62 per share in Q2 2020. For the first half of 2021, net income reached $8.9 million or $1.72 per share, up from $6.5 million or $1.26 per share year-over-year. Total assets increased by 22% to $1.3 billion, with total deposits rising by 25% to $1.1 billion. The acquisition of Bank of Feather River enhances the bank's growth prospects.

Plumas Bancorp (Nasdaq: PLBC) has appointed Julie Morehead to its Board of Directors, effective July 1, 2021. Morehead, a Yuba City resident with over 40 years of banking experience, previously served as President and CEO of the Bank of Feather River, recently acquired by Plumas Bank. Her extensive background in risk management and community involvement is expected to enhance the board's strategic direction. CEO Andrew J. Ryback expressed confidence in her ability to contribute to the bank's growth and community service commitment.

Plumas Bancorp has successfully completed its acquisition of Feather River Bancorp, effective July 1, 2021. The merger involved a total deal consideration of approximately $23.4 million, comprising $4,735,184 in cash and 598,129 shares of Plumas common stock. Shareholders of Feather River received either $19.14 in cash or 0.6138 shares of Plumas common stock for each share held. This acquisition enhances Plumas's total assets to approximately $1.4 billion and expands its loan and deposit base significantly, promising improved banking services in the Yuba City area.