STOCK TITAN

PINNACLE BANKSHARES CORP - PPBN STOCK NEWS

Welcome to our dedicated page for PINNACLE BANKSHARES news (Ticker: PPBN), a resource for investors and traders seeking the latest updates and insights on PINNACLE BANKSHARES 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.

Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX: PPBN) declared a cash dividend of $0.18 per share on November 8, 2022, payable on December 2, 2022, to shareholders of record by November 18, 2022. This dividend marks a 20% increase from the previous quarter and is part of a 41st consecutive quarterly declaration. Total dividends for 2022 are $0.61 per share, a 9% increase from $0.56 in 2021. The increase is attributed to strong earnings performance in 2022, while the company emphasizes a balance between returns and capital retention given economic volatility.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) reported record net income for Q3 2022, at $2,398,000 or $1.10 per share, a 37% increase year-over-year. For the first nine months, net income reached $5,681,000 or $2.61 per share, a 46% rise compared to 2021. Key drivers included a 15% increase in net interest income to $21,624,000, primarily due to higher loan volumes and yields. However, noninterest income fell by 3% to $5,385,000, attributed to lower mortgage loan sales amid rising interest rates. The company's total assets decreased 2% to $999,147,000.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
-
Rhea-AI Summary

On October 26, 2022, Pinnacle Bankshares Corporation (OTCQX:PPBN) announced the renewal of its contract with EVERFI, enhancing financial literacy access in local high schools and now extending resources to adults. This partnership aims to equip students and adults in Lynchburg and Danville-Pittsylvania County with essential financial skills through interactive courses covering topics such as saving, banking, credit scores, and consumer protection. This initiative reflects the Bank's commitment to community investment and education.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
none
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) announced the appointment of Robert Hurt to its Board of Directors, effective August 9, 2022. Hurt, currently Dean of the Helms School of Government at Liberty University and former U.S. Congressman, brings extensive legal and governing experience. His background includes serving on the House Financial Services Committee and representing Virginia's Fifth District. CEO Aubrey H. Hall, III, praised Hurt's community banking advocacy and market knowledge, highlighting his potential role in advancing First National Bank's vision as Virginia's premier community banking organization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
management
-
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX: PPBN) announced a quarterly cash dividend increase to $0.15 per share on August 9, 2022, up from $0.14 last quarter. This marks the fortieth consecutive quarter of dividend declarations. Shareholders of record as of August 19, 2022 will receive payment on September 2, 2022. The increase reflects robust earnings performance in the first half of 2022, with the Board emphasizing a balance between shareholder returns and retaining earnings for bank capitalization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) announced record net income for Q2 and H1 2022, with net income of $1,892,000 ($0.87/share) for Q2 and $3,283,000 ($1.51/share) for H1, marking a 52% increase year-over-year. This growth was fueled by increased net interest income of $13,446,000, up 11% from last year, despite a decrease in noninterest income due to lower mortgage loan sales. The company's return on average assets rose to 0.65% and return on average equity to 11.32%. Total assets stood at $996,328,000, down 2% from year-end 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.26%
Tags
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX: PPBN) announced a cash dividend of $0.14 per share on May 10, 2022, payable on June 3, 2022, to shareholders of record by May 20, 2022. This dividend maintains the amount paid last quarter and marks the 39th consecutive quarter of dividends declared. CEO Aubrey H. Hall, III expressed satisfaction in sustaining this quarterly payment, reflecting the company’s commitment to its shareholders. Pinnacle serves Central and Southern Virginia with 18 branches and has a strong community banking presence.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
dividends
-
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) announced a net income of $1,391,000 ($0.64 per share) for Q1 2022, a 27% increase compared to $1,099,000 ($0.51 per share) in Q1 2021. This growth was driven by higher net interest income, lower deposit costs, and increased noninterest income from interchange fees. Return on average assets rose to 0.55%, while return on average equity improved to 9.04%. Total assets reached $1.015 billion, reflecting an 11% year-over-year increase. The annual meeting is scheduled for May 10, 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
-
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) reported a net income of $1,391,000, or $0.64 per share for Q1 2022, a 27% increase from $1,099,000 or $0.51 per share in Q1 2021. The growth was attributed to higher net interest income, decreased costs, and increased noninterest income from interchange fees. Notably, ROA rose to 0.55% and ROE increased to 9.04%. Total assets were $1,015,124,000, with non-performing loans decreasing to 0.23%. However, total stockholders' equity fell to $57,506,000 due to unrealized losses on securities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
Rhea-AI Summary

Pinnacle Bankshares Corporation (OTCQX:PPBN) reported net income of $473,000, or $0.22 per share, for Q4 2021, down 68% year-over-year, and $4,375,000, or $2.02 per share, for the entire 2021, up 43% from 2020.

Key growth drivers include a 37% increase in net interest income and successful merger integration with Virginia Bank. However, Q4 results were negatively impacted by a prior year's bargain purchase gain. Total assets grew 18% to $1.015 billion, while non-performing loans increased to 0.26%. The Board also declared a cash dividend of $0.14 per share.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags

FAQ

What is the current stock price of PINNACLE BANKSHARES (PPBN)?

The current stock price of PINNACLE BANKSHARES (PPBN) is $31.19 as of December 20, 2024.

What is the market cap of PINNACLE BANKSHARES (PPBN)?

The market cap of PINNACLE BANKSHARES (PPBN) is approximately 68.9M.

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 BANKSHARES CORP

OTC:PPBN

PPBN Rankings

PPBN Stock Data

68.89M
2.04M
3.61%
Banks - Regional
Financial Services
Link
United States of America
Altavista