Plumas Bancorp (PLBC) News & EventsPLBCNews & EventsPlumas Bancorp

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."