PLUMAS BANCORP — Form 8-K
Filed October 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Plumas Bancorp (NASDAQ: PLBC) reported Q3 2026 net income of $11.4M ($1.64 EPS), up 121% from $5.1M ($0.74 EPS) in Q3 2025. Nine-month 2026 earnings reached $31.1M ($4.46 EPS) vs. $18.6M ($2.98 EPS) in 2025, driven by net interest income growth of $15.8M YTD, credit loss provisions dropping 93.5% to $420K, and a $14.5M green energy tax credit purchase reducing tax expense. Gross loans held flat at $1.5B while deposits grew 2.6% to $1.9B; nonperforming loans rose to 1.41% of portfolio from 1.0% year-ago.
Why this rating
Strong earnings growth and margin expansion are meaningful; however, deteriorating asset quality (NPLs +41 bps) and tax credit dependency are concerning. Event is 12.6% of market cap but largely reflects Cornerstone acquisition integration completed July 2025.
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