Welcome to our dedicated page for Plumas news (Ticker: PLBC), a resource for investors and traders seeking the latest updates and insights on Plumas stock.
Plumas Bancorp (NASDAQ: PLBC) maintains its position as a leading community bank serving Northern California and Nevada through localized financial solutions. This news hub provides investors and stakeholders with essential updates about this regional banking institution.
Access verified information about PLBC's financial performance, including quarterly earnings and strategic initiatives. The curated collection features official press releases covering loan portfolio expansions, digital banking enhancements, and community development programs.
Key updates include regulatory filings, leadership announcements, and service area expansions. Users will find detailed reporting on agricultural lending programs and commercial real estate financing developments specific to PLBC's operational regions.
Bookmark this page for streamlined access to Plumas Bancorp's financial communications. Check regularly for updates on dividend declarations, capital management strategies, and innovations in small business banking services.
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.
Plumas Bancorp (NASDAQ:PLBC) has been awarded the Raymond James Bankers Cup for the fourth consecutive year, ranking as the 3rd best community bank in the nation for 2020. This accolade highlights the Company’s profitability, operational efficiencies, and balance sheet metrics among banks with assets between $500 million and $10 billion. With a total of 241 banks evaluated, only 25 received this recognition. CEO Andrew J. Ryback emphasized the importance of client-focused service and community engagement in achieving this honor.
Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.14 per share, set for payment on May 17, 2021, to shareholders recorded by May 1, 2021. This decision reflects the company’s ongoing commitment to shareholder returns. Plumas Bank, headquartered in Quincy, California, operates 13 branches across Northern California and Nevada, and offers varied financial services, holding a Preferred Lender status from the SBA. The announcement signifies financial stability amid growth prospects.
Plumas Bancorp (Nasdaq: PLBC) reported record earnings for Q1 2021, achieving $4.4 million or $0.86 per share, a 34% increase from Q1 2020. Total assets rose by 37% to $1.2 billion, with deposits up 40% to $1.1 billion. The bank processed 774 Payroll Protection Program loans totaling $67 million. Despite a slight rise in nonperforming loans, the return on average equity improved to 17.7%. The company is set to acquire Feather River Bancorp, enhancing its market presence and expanding services.
