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PLBC-News
PLBC-Events
Plumas Bancorp CFO Richard Belstock to Retire in 2027
Plumas Bancorp announced that Richard Belstock will retire from his position as executive VP and CFO of Plumas Bancorp and Plumas Bank effective January 1, 2027. The board of directors has appointed Kelsey Cassinelli, currently senior VP and principal accounting officer, to succeed Belstock as executive VP, CFO and principal financial officer effective the same date. Following his retirement as CFO, Belstock will continue with Plumas Bank as special assistant to the president. In this role, he will support the president and the bank's executive management team during the leadership transition and on other matters as requested. Belstock has served as executive VP and CFO of Plumas Bancorp and Plumas Bank since 2011. Cassinelli currently serves as senior VP and principal accounting officer of Plumas Bancorp and Plumas Bank.
Plumas Bancorp Reports Q3 Tangible Book Value of $32.95
Reports Q3 tangible book value per share $32.95. Reports Q3 CET1 capital ratio 16.4%. Reports Q3 net charge-offs .05%. Andrew Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, "Our lower-cost relationship-based deposit franchise and enhanced loan yield supported profitability during the third quarter, with continued loan repricing helping to maintain strong net interest margin. Profitability was further supported by the execution of another green energy tax credit investment that reduced income tax expense by offsetting current and prior-year taxes."
Plumas Bancorp Reports Q2 Tangible Book Value of $34.17
Reports Q2 tangible book value per share $34.17. Reports Q2 CET1 capital ratio 15.8%. Reports Q2 net charge-offs .06%. Andrew Ryback, director, president, and chief executive officer of Plumas Bancorp, commented, "We are pleased to report another strong quarter of financial performance as we continued to build on the momentum generated throughout the past year. Our results reflect the strength of our relationship-based banking model and disciplined execution of our strategic priorities. Deposit growth, strong net interest income, and continued operating performance demonstrate the benefits of our expanded franchise and our ability to serve clients across a broader geographic footprint. We also continued to benefit from the high-quality customer relationships and talented employees who joined our organization through the Cornerstone acquisition."
Company Reports Q1 Revenue of $28.14M
Reports Q1 revenue $28.14M, consensus $27.26M. Reports Q1 tangible book value per share $33.07. "Looking ahead, our priorities remain unchanged: delivering high-quality service to our clients, supporting the communities we serve, operational discipline, and creating sustainable, long-term value for our shareholders," said CEO Andrew Ryback.
Plumas Bancorp Authorizes $25M Stock Repurchase Program
Plumas Bancorp, the parent company of Plumas Bank, announced that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $25M of its outstanding common stock through the fourth quarter of 2026. "This repurchase program reflects our strong capital position, commitment to disciplined capital management and our confidence in the long-term outlook for the Company," said Andrew Ryback, President and Chief Executive Officer of Plumas Bancorp. "We remain focused on supporting our clients, maintaining regulatory capital requirements, and delivering long term shareholder value."
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