Plumas Bancorp (PLBC) investor relations material

Executive summary

• Net income for Q1 2026 was $9.8 million, up 36% year-over-year, driven by higher net interest income and the Cornerstone Community Bancorp acquisition, which expanded the branch network and contributed to growth in loans and deposits.

• Total assets reached $2.2 billion as of March 31, 2026, with 19 branches and a diversified business model focused on retail and commercial banking.

• Diluted EPS for Q1 2026 was $1.38, up from $1.20 year-over-year; basic EPS was $1.40, up from $1.21.

• Return on average assets was 1.78% and return on average equity was 14.9% for Q1 2026.

• Results reflect strong core deposit growth and a focus on low-cost funds.

Financial highlights

• Net interest income rose to $25.1 million in Q1 2026, up $6.6 million (36%) year-over-year, with a net interest margin of 5.03%.

• Total deposits grew 32% year-over-year to $1.81 billion at year-end 2025; net loans increased 48.8% to $1.5 billion.

• Non-interest income was $3.0 million in Q1 2026, down $217,000 due to a prior-year legal settlement; excluding this, non-interest income rose $902,000.

• Non-interest expense increased by $3.8 million (33%) to $15.3 million, mainly due to the Cornerstone acquisition and a $726,000 loss from fraudulent wire transfers.

• Book value per share increased to $38.05, up 20% year-over-year; shareholders' equity rose 41% to $265.4 million.

Outlook and guidance

• Management highlights continued focus on personalized banking, digital services, prudent capital management, and expansion in Northern California.

• Board authorized a $25 million share repurchase program through Q4 2026, with 41,000 shares repurchased in Q1 2026.

• Management expects adequate liquidity and capital to support future growth, with no material changes to risk factors from the prior year.