Plumas Bancorp (PLBC) investor relations material

Executive summary

• 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, emphasizing strong core deposits and low-cost funds.

• Achieved record net income of $9.8 million for Q1 2026, up 36% year-over-year, reflecting the acquisition of Cornerstone Community Bancorp, which significantly increased loans, deposits, and assets.

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

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

Financial highlights

• Net income for Q1 2026 was $9.8 million, up 36% year-over-year; full-year 2025 net income was $29.6 million, a 3.5% increase from 2024.

• Net interest income increased by $14 million in 2025 and by $6.6 million (36%) to $25.1 million in Q1 2026, with a net interest margin of 5.03% for Q1 2026.

• Total deposits grew 32% year-over-year to $1.81 billion at year-end 2025; gross loans increased by $491 million (49%) to $1.5 billion.

• Book value per share at year-end 2025 was $37.52, up 24.5%; increased to $38.05 in Q1 2026.

• Non-interest expense rose by $3.8 million (33%) to $15.3 million in Q1 2026, mainly due to the Cornerstone acquisition and a $726 thousand loss from fraudulent wire transfers.

Outlook and guidance

• Management highlights continued focus on personalized banking, digital services, prudent capital management, and sustainable shareholder value.

• Share repurchase program authorized up to $25 million through Q4 2026, with 41,000 shares repurchased in Q1 2026.