Cornerstone Community Bank (CRSB) Q1 2025 earnings summary

Executive summary

• Net income for Q1 2025 was $1,273,000, down from $1,394,000 in Q1 2024.

• Diluted EPS was $0.82, compared to $0.91 for the same period last year.

• Announced pending acquisition by Plumas Bancorp, expected to strengthen the institution.

Financial highlights

• Net interest income rose to $5,019,000 from $4,884,000 year-over-year.

• Non-interest income increased to $369,000 from $356,000 year-over-year.

• Non-interest expense was $3,533,000, up from $3,202,000, with $193,000 due to merger costs.

• Total loans at March 31, 2025 were $491.5 million, up from $488.2 million a year ago.

• Total deposits declined to $571.9 million from $590.0 million year-over-year.

Outlook and guidance

• Management expects continued, consistent earnings and improved net interest margin.

• The merger with Plumas Bancorp is anticipated to benefit customers, shareholders, and employees.