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Pinnacle Ban Ord - PPBN STOCK NEWS

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 (PPBN) provides essential banking services through First National Bank, serving Virginia communities with personal and commercial financial solutions. This news hub offers investors and stakeholders direct access to official announcements and strategic developments.

Track PPBN's financial performance, service expansions, and regulatory updates through verified press releases and filings. Our curated collection includes earnings reports, leadership changes, product launches, and market position updates relevant to regional banking trends.

Key focus areas include mortgage lending developments, agricultural loan programs, digital banking enhancements, and community investment initiatives. Bookmark this page for real-time updates on PPBN's financial health and operational milestones within Virginia's competitive banking sector.

Rhea-AI Summary
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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4.68%
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Pinnacle Ban Ord

OTC:PPBN

PPBN Rankings

PPBN Stock Data

68.67M
2.04M
3.61%
Banks - Regional
Financial Services
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United States
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