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.
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.
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.
Pinnacle Bankshares Corporation (PPBN) announced a cash dividend of $0.14 per share, equal to the previous quarter's dividend, declared on February 8, 2022. This dividend, marking the 38th consecutive quarter of payment, is payable on March 4, 2022, to shareholders of record as of February 22, 2022. CEO Aubrey H. Hall, III emphasized the importance of balancing dividend returns with appropriate earnings retention amidst recent asset growth.
Pinnacle Bankshares Corporation (OTCQX: PPBN) declared a cash dividend of $0.14 per share on November 9, 2021, payable on December 3, 2021, to shareholders of record as of November 19, 2021. This marks the thirty-seventh consecutive quarter of dividend declarations. Pinnacle's President, Aubrey H. Hall, III, emphasized the importance of balancing returns with sufficient earnings retention amid ongoing asset growth. The Company operates eighteen branches in Central Virginia and has been providing dividends consistently, indicating stable financial health.
Pinnacle Bankshares Corporation (OTCQX:PPBN) reported a net income of $1,747,000 for Q3 2021, up 280% from Q3 2020. For the first nine months, net income rose 148% to $3,902,000, attributed to increased net interest income and noninterest income following the merger with Virginia Bank. ROA improved to 0.57% and ROE to 8.79%. Total assets reached $953,184,000, a growth of 11% since December 2020. Despite increased expenses due to the merger, management expects no further merger-related costs in Q4 2021.
Pinnacle Bankshares Corporation (OTCQX: PPBN) declared a cash dividend of $0.14 per share on August 10, 2021, payable on September 3, 2021, to shareholders of record by August 20, 2021. This marks the thirty-sixth consecutive quarter of dividend declarations. The company maintains this dividend amid the ongoing pandemic and its merger with Virginia Bankshares, Inc. CEO Aubrey H. Hall III noted the focus on enhancing profitability post-merger to potentially increase shareholder returns.
Pinnacle Bankshares Corporation (OTCQX:PPBN) reported a net income of $1,056,000 for Q2 2021, marking a 58% increase from Q2 2020. For the first half of 2021, net income reached $2,155,000, a 93% increase year-over-year, driven by higher net interest and noninterest income, largely due to the merger with Virginia Bank. Despite increased noninterest expenses related to the merger, the Bank reported improved profitability metrics, with ROA at 0.48% and ROE at 7.34%. Assets grew to $933 million, and deposits increased by 10% during the same period.
Pinnacle Bankshares Corporation (OTCQX: PPBN) declared a cash dividend of $0.14 per share on May 11, 2021, to be paid on June 4, 2021, for shareholders of record as of May 21, 2021. This dividend matches the previous quarter's payout and marks the thirty-fifth consecutive quarter of dividends. Pinnacle emphasizes a balance between returning value to shareholders and retaining earnings for growth. At the recent Annual Meeting, new board directors were also elected, ensuring continuity in leadership.
Pinnacle Bankshares Corporation (OTCQX:PPBN) reported a net income of $1,099,000, or $0.51 per share, for Q1 2021, marking a substantial increase of $651,000 compared to $448,000 in Q1 2020. This growth is attributed to higher net interest income which rose by 45% to $5,987,000, and an increase in noninterest income of 45% to $1,938,000 driven by loan fees and increased customer activity following the merger with Virginia Bank. However, noninterest expenses also surged by 35% to $6,523,000 due to merger-related costs.
Pinnacle Bankshares Corporation (OTCQX:PPBN) reported a net income of $1,805,000, or $0.92 per share, for Q4 2020, up 164% from $684,000 in Q4 2019. For the year, net income reached $3,380,000, a 23% decrease from 2019, impacted by merger-related expenses of $2,889,000. The company saw a 31% increase in Q4 net interest income to $5,706,000, driven by higher loan volumes post-merger. Total assets rose 72% to $860,832,000. The merger with Virginia Bank was completed on October 30, 2020, paving the way for future growth opportunities.
