Plumas Bancorp (PLBC) investor relations material

Executive summary

• Retail and commercial banking model focused on personalized relationships and digital services, with significant expansion through the acquisition of Cornerstone Community Bancorp, adding branches, talent, and $658 million in assets.

• Net income for Q3 2025 was $5.1 million ($0.74 per share), down 34.3% year-over-year, with diluted EPS falling to $0.73 from $1.31.

• For the nine months ended September 30, 2025, net income was $18.6 million ($2.98 per share), compared to $20.9 million ($3.54 per share) in the prior year period.

• Excluding merger-related items, Q3 2025 non-GAAP net income was $9.5 million ($1.35 per share), and nine-month non-GAAP net income was $23.8 million ($3.74 per share).

• Recognized as a top-performing community bank by multiple industry organizations from 2015–2025.

Financial highlights

• Net interest income for Q3 2025 increased by $6.3 million year-over-year to $25.2 million; for the nine months, it rose by $7.2 million to $61.9 million.

• 2024 net income was $28.6 million, a 3.9% decrease from 2023; net interest margin improved to 4.79%.

• Total assets at year-end 2024 were $1.62 billion, up 0.8% from 2023; deposits grew 2.8% to $1.37 billion.

• Book value per share increased by $5.24 (17%) to $35.38.

• Provision for credit losses rose by $5.8 million in Q3 and $5.1 million for the nine months, reflecting loan growth and acquisition impacts.

Outlook and guidance

• EPS accretion from the Cornerstone acquisition was negatively impacted by fair value mark amortization.

• Management expects cost of funds to decrease slightly following the acquisition and recent Fed rate reduction.

• Integration of Cornerstone is ongoing, with expectations for long-term value creation and improved net interest margin.

• Retention of acquired employees exceeded expectations, supporting succession planning.