Plumas Bancorp (PLBC) Q2 2026 earnings summary

Executive summary

• Total assets reached $2.3 billion as of June 30, 2026, with 19 branches and a diversified business model focused on retail and commercial banking.

• Achieved record Q2 2026 net income of $9.96 million ($1.41/share), up 57.6% year-over-year; six-month net income rose 46% to $19.7 million ($2.83/share).

• Results reflect the acquisition of Cornerstone Community Bank, which added $658 million in assets, $478 million in loans, and $580 million in deposits.

• Emphasis on strong core deposits, low cost of funds, and capital management, with recent expansion through acquisitions and new branches.

• Strong growth in loans, deposits, and equity, with continued focus on asset quality and prudent underwriting.

Financial highlights

• Net income for Q2 2026 was $9.96 million, up 57.6% year-over-year; net interest income rose 43% to $26 million.

• Net interest margin improved to 5.13% in Q2 2026 from 4.83% a year earlier.

• For 2025, net income was $29.6 million, up 3.5% year-over-year; net loans grew 48.8% to $1.5 billion.

• Non-interest income in 2025 included a $1.1 million settlement and was impacted by lower SBA loan sales.

• Non-interest expense for Q2 2026 increased 32% to $14.5 million; provision for credit losses decreased 30% in Q2.

Outlook and guidance

• Management highlights ongoing focus on personalized banking, digital services, and prudent capital management.

• Flexibility to support organic growth, return capital to shareholders, and invest in long-term initiatives.

• Forward-looking statements caution about economic, regulatory, and market uncertainties.

• Asset quality remains a focus amid ongoing economic monitoring.