Welcome to our dedicated page for Pinnacle Ban Ord news (Ticker: PPBN), a resource for investors and traders seeking the latest updates and insights on Pinnacle Ban Ord stock.
Pinnacle Bankshares Corporation operates as a bank holding company for First National Bank, offering a variety of commercial and retail banking products and services. The company provides checking accounts, savings and time deposits, IRAs, CDs, and money market accounts. Loan products include mortgages, home equity loans, consumer loans, agricultural loans, and more. Additionally, Pinnacle Bankshares offers credit cards, insurance, investment products, and various banking services in multiple locations.
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Pinnacle Bankshares reported a net income of $2,084,000 for the first quarter of 2024, showing a decrease of 21% compared to the same period in 2023. The company's return on assets was 0.84%, with net interest income increasing by 1% and net interest margin slightly decreasing to 3.56%. Asset quality remained strong with low nonperforming loans and no Other Real Estate Owned. The provision for credit losses decreased to $18,000, and total assets decreased by 1.63%. Capital ratios remained stable, with the stock price ending at $28.46 per share, reflecting a 19% increase. Despite the decrease in profitability, Pinnacle remains well-positioned with ample liquidity and strong asset quality.
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Pinnacle Bankshares Corporation (PPBN) reports record high net income for 2023, showcasing strong financial performance with increased net interest income, improved asset quality, and strengthened capital ratios.
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Pinnacle Bankshares Corporation (PPBN) declares a cash dividend of $0.25 per share for the forty-sixth consecutive quarter, reflecting a 39% increase in dividends paid in 2023 compared to the prior year. The Company attributes the dividend increase to improved profitability and capital position.
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Pinnacle Bankshares Corporation (PPBN) Announces 25% Increase in Quarterly Cash Dividend to $0.25 per Share
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Pinnacle Bankshares Corporation reports record high net income of $2.79 million for Q3 2023, a 17% increase from the same period in 2022. Return on assets is 1.02%, up from 0.75% in 2022. Net interest income increased 1% for Q3 2023 and 15% year-to-date. Asset quality remains strong with low nonperforming assets. Total assets increased 3% and deposits increased 2% from December 2022. The loan portfolio grew by $6.1 million in the last two months of Q3 2023. Capital ratios increased. Noninterest income increased 34% in Q3 2023. Liquidity ratio is 38%.
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Pinnacle Bankshares Corporation (OTCQX:PPBN) Reports Strong Growth in Net Income for the Second Quarter of 2023
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FAQ
What is the current stock price of Pinnacle Ban Ord (PPBN)?
The current stock price of Pinnacle Ban Ord (PPBN) is $31.79 as of April 2, 2025.
What is the market cap of Pinnacle Ban Ord (PPBN)?
The market cap of Pinnacle Ban Ord (PPBN) is approximately 68.7M.
What does Pinnacle Bankshares Corporation do?
Pinnacle Bankshares Corporation operates as a bank holding company for First National Bank, providing a wide range of commercial and retail banking products and services.
What kind of banking products does Pinnacle Bankshares offer?
Pinnacle Bankshares offers checking accounts, savings and time deposits, IRAs, CDs, money market accounts, mortgages, consumer loans, credit cards, insurance, investment products, and various banking services.
Where does Pinnacle Bankshares operate?
Pinnacle Bankshares operates in Campbell County, Bedford County, Altavista, Amherst, Rustburg, Lynchburg, and Charlottesville in Virginia.
What are the key services provided by Pinnacle Bankshares?
Pinnacle Bankshares provides a range of services including overdraft protection, merchant bankcard processing, cash management, safe deposit boxes, notary services, and online and telephone banking.
What are some of the loan products offered by Pinnacle Bankshares?
Pinnacle Bankshares offers residential and commercial mortgages, home equity loans, agricultural loans, investment loans, small business loans, and commercial lines of credit.
How can customers contact Pinnacle Bankshares?
Customers can contact Pinnacle Bankshares Corporation by reaching out to Bryan M. Lemley at 434-477-5882 or via email at bryanlemley@1stnatbk.com.
Does Pinnacle Bankshares provide insurance products?
Yes, Pinnacle Bankshares offers insurance products including property and casualty, life, and health insurance to its customers.
What online services does Pinnacle Bankshares offer?
Pinnacle Bankshares provides online banking services for the convenience of its customers, allowing them to manage their accounts, make transfers, and access their financial information securely.
Are there investment products available through Pinnacle Bankshares?
Yes, Pinnacle Bankshares offers investment and annuity products to help customers plan for their financial future and achieve their investment goals.
What are the geographical locations served by Pinnacle Bankshares?
Pinnacle Bankshares serves customers in Campbell County, Bedford County, Altavista, Amherst, Rustburg, Lynchburg, and Charlottesville in Virginia.
Pinnacle Ban Ord