Plumas Bancorp stock: Record Q3 earnings lift net income 121%

Published on 11/12/2026 at 04:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Plumas Bancorp stock remains in focus after record third-quarter earnings. Lower credit-loss provisions and stronger loan yields supported profitability.

Record quarter, stronger margin, higher risk

Plumas Bancorp reported record third-quarter 2026 earnings, supported by higher net interest income and sharply lower credit-loss provisions.
The bank's net interest margin widened, while nonperforming assets increased year over year.
Green-energy tax credits reduced the third-quarter income-tax provision and supported profitability.

PLBC, US7292731020, Illustration mit AI erstellt.

Plumas Bancorp reported record earnings for the third quarter ended September 30, 2026, according to a company release published on October 21. Net income rose 121.3 percent year over year to 11.4 million US dollars, while diluted earnings per share increased to 1.61 US dollars from 0.73 US dollars.

Credit costs drive earnings improvement

Net interest income increased 5.4 percent to 26.5 million US dollars. The provision for credit losses fell to 150,000 US dollars from 5.4 million US dollars a year earlier, lifting net interest income after credit losses to 26.4 million US dollars.

Non-interest income rose to 2.8 million US dollars, while non-interest expense was broadly flat at 15.1 million US dollars. The net interest margin widened to 5.05 percent from 4.83 percent in the prior-year quarter. Management said loan repricing and the bank's relationship-based deposit franchise supported profitability.

Tax credits and asset quality

Plumas Bank purchased 14.5 million US dollars in green-energy tax credits during the quarter. The transaction reduced the income-tax provision by 1.2 million US dollars and helped lower the effective tax rate to 18.9 percent from 25.6 percent.

The earnings comparison also carries a credit-quality consideration. Nonperforming assets rose to 21.3 million US dollars, or 0.94 percent of total assets, from 15.2 million US dollars, or 0.68 percent, a year earlier. Nonperforming loans accounted for 1.41 percent of total loans at September 30, compared with 1.00 percent in the prior-year period.

Regional banking model

Plumas Bancorp is the holding company for Plumas Bank, a full-service community bank serving individuals and small and mid-sized businesses across Northeastern California and Northwestern Nevada. Its services include deposits, commercial and real-estate lending, agricultural and SBA financing, consumer loans, and digital banking. The company is headquartered in Reno, Nevada, while Plumas Bank is headquartered in Quincy, California.

In the regional-banking universe, named peers include Pioneer Bancorp, Colony Bankcorp, and Citizens Financial Services. Plumas Bancorp is a smaller, geographically focused institution, with its competitive position centered on relationship banking and lending in its western U.S. markets rather than a broad national footprint.