Plumas Bancorp (PLBC) investor relations material

Executive summary

• Record Q3 2026 net income was $11.386 million, up 121.3% YoY; diluted EPS was $1.61 versus $0.73.

• Q3 results benefited from higher net interest income, a sharply lower credit-loss provision, and a $1.2 million tax benefit from green-energy tax credits.

• Nine-month net income rose 66.8% to $31.1 million; 2026 results include a full period of Cornerstone operations versus three months in 2025.

• At Sept. 30, 2026, total assets were $2.27 billion, deposits were $1.87 billion, and net loans were $1.48 billion.

Financial highlights

• Q3 net interest income rose 5.4% to $26.541 million; provision for credit losses fell to $150,000 from $5.4 million.

• Q3 noninterest income increased 23.9% to $2.8 million, partly reflecting no repeat of the prior-year $628,000 securities-sale loss; noninterest expense was nearly flat at $15.1 million.

• Nine-month net interest income increased 25.5% to $77.7 million, while provision for credit losses declined to $420,000 from $6.5 million.

• Nine-month noninterest income rose 9.1% to $8.5 million; noninterest expense increased 19.5% to $44.9 million, including higher staffing and acquisition-related costs.

• A $14.5 million green-energy tax credit purchase reduced Q3 income-tax provision by $1.2 million; effective tax rate was 18.9% versus 25.6%.

Outlook and guidance

• Management cited relationship-based deposits, enhanced loan yields, and continued commercial real estate repricing as profitability supports.

• Planned runoff of the lower-yielding indirect auto portfolio continued; loan balances were relatively consistent during Q3.

• Available funding sources included $576 million of borrowing capacity and were viewed as adequate for near-term operations; $234 million of loan commitments included $30 million of construction commitments expected to fund within 12 months.