Plumas Bancorp (PLBC) investor relations material

Executive summary

• Total assets reached $2.24 billion as of December 31, 2025, up 37.9% year-over-year, reflecting significant growth and recent acquisitions.

• Net income for 2025 was $29.6 million, a 3.5% increase from 2024, with diluted EPS at $4.54.

• The acquisition of Cornerstone Community Bank in July 2025 expanded the branch network and contributed to balance sheet growth.

• 2025 marked a pivotal year with the integration of Cornerstone Community Bancorp, strategic balance sheet optimization, and a focus on margin durability and cost-of-funds improvement.

• The company celebrated its 45th anniversary and expanded its presence in Northern California.

Financial highlights

• Net interest income rose by $14.1 million (19.1%) to $87.8 million in 2025, with a net interest margin of 4.91%.

• Fourth quarter 2025 net income was $11.0 million, up 41.6% year-over-year.

• Non-interest income in 2025 included a $1.1 million Dixie Fire settlement and a sale leaseback gain, mostly offset by a $5.4 million loss on investment securities.

• Book value per share increased 24.5% to $37.52.

• Gross loans grew by $497 million (49%) to $1.5 billion; deposits increased by $439 million (32%) to $1.8 billion.

Outlook and guidance

• Management highlights ongoing focus on core deposit growth, capital management, and maintaining strong credit quality.

• Continued investment in technology and expansion into new markets are expected to support future growth.

• Management remains focused on margin durability, cost-of-funds improvement, and disciplined loan portfolio growth for 2026.

• Continued emphasis on improving nonperforming metrics and prudent credit risk management, especially regarding a large agricultural relationship.