Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$1.40 (up from US$1.22 in 1Q 2025). Revenue: US$28.5m (up 32% from 1Q 2025). Net income: US$9.76m (up 36% from 1Q 2025). Profit margin: 34% (in line with 1Q 2025). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • May 06
Insider exercised options to buy US$129k worth of stock. On the 30th of April, Aaron Boigon exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$54k. This transaction amounted to 45% of their direct individual holding at the time of the trade. Since September 2025, Aaron's direct individual holding has increased from 5.60k shares to 8.10k. Company insiders have collectively bought US$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 03
Insider exercised options to buy US$128k worth of stock. On the 30th of April, Aaron Boigon exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$54k. This transaction amounted to 45% of their direct individual holding at the time of the trade. Since September 2025, Aaron's direct individual holding has increased from 5.60k shares to 8.10k. Company insiders have collectively bought US$1.0m more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Apr 19
First quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 1st May 2026 Payment date: 15th May 2026 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 9.9% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 17
Plumas Bancorp announces Quarterly dividend, payable on May 15, 2026 Plumas Bancorp announced Quarterly dividend of USD 0.3300 per share payable on May 15, 2026, ex-date on May 01, 2026 and record date on May 01, 2026. Announcement • Apr 10
Plumas Bancorp, Annual General Meeting, May 20, 2026 Plumas Bancorp, Annual General Meeting, May 20, 2026. Location: nevada museum of art, 160 w. liberty street, nevada, reno United States Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$4.60. Revenue: US$91.4m (up 13% from FY 2024). Net income: US$29.6m (up 3.5% from FY 2024). Profit margin: 32% (down from 35% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.91% (up from 4.79% in FY 2024). Cost-to-income ratio: 52.8% (up from 51.3% in FY 2024). Non-performing loans: 1.00% (up from 0.40% in FY 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Recent Insider Transactions Derivative • Mar 06
Independent Director & Secretary exercised options to buy US$161k worth of stock. On the 4th of March, Michonne Ascuaga exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$69k. This transaction amounted to 58% of their direct individual holding at the time of the trade. Since March 2025, Michonne has owned 5.51k shares directly. Company insiders have collectively bought US$890k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Feb 26
Independent Director exercised options to buy US$188k worth of stock. On the 24th of February, Heidi O'Gara exercised options to buy 4k shares at a strike price of around US$22.51, costing a total of US$81k. This transaction amounted to 69% of their direct individual holding at the time of the trade. Since March 2025, Heidi has owned 5.24k shares directly. Company insiders have collectively bought US$864k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 03
Plumas Bancorp (NasdaqCM:PLBC) announces an Equity Buyback for $25 million worth of its shares. Plumas Bancorp (NasdaqCM:PLBC) announces a share repurchase program. Under the program, the company will repurchase up to $25 million of its outstanding common stock. The Company intends to fund the repurchases using available cash and retained earnings. The program is valid through the fourth quarter of 2026. Recent Insider Transactions Derivative • Jan 27
President exercised options to buy US$126k worth of stock. On the 27th of January, Andrew Ryback exercised options to buy 3k shares at a strike price of around US$31.00, costing a total of US$79k. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. Since March 2025, Andrew's direct individual holding has increased from 89.07k shares to 95.63k. Company insiders have collectively bought US$820k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Jan 26
Fourth quarter dividend increased to US$0.33 Dividend of US$0.33 is 10% higher than last year. Ex-date: 4th February 2026 Payment date: 18th February 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (26% payout ratio) and is expected to be well covered in 3 years' time (24% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 23
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$4.60. Revenue: US$91.4m (up 13% from FY 2024). Net income: US$29.6m (up 3.5% from FY 2024). Profit margin: 32% (down from 35% in FY 2024). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.91% (up from 4.79% in FY 2024). Cost-to-income ratio: 52.8% (up from 51.3% in FY 2024). Non-performing loans: 1.00% (up from 0.40% in FY 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Announcement • Jan 22
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on February 18, 2026 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.33 per share, payable February 18, 2026, to stockholders of record as of February 4, 2026. Recent Insider Transactions Derivative • Jan 07
Independent Vice Chairman of the Board exercised options to buy US$143k worth of stock. On the 5th of January, Robert McClintock exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$69k. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. Since March 2025, Robert's direct individual holding has increased from 105.38k shares to 107.88k. Company insiders have collectively bought US$612k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Dec 19
Independent Vice Chairman of the Board exercised options to buy US$115k worth of stock. On the 17th of December, Robert McClintock exercised options to buy 3k shares at a strike price of around US$24.40, costing a total of US$61k. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. Since March 2025, Robert has owned 105.38k shares directly. Company insiders have collectively bought US$543k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Oct 20
Third quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 3rd November 2025 Payment date: 17th November 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (23% forecast payout ratio). The dividend has increased by an average of 22% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 16
Plumas Bancorp Declares Quarterly Cash Dividend, Payable November 17, 2025 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.30 per share, payable November 17, 2025, to stockholders of record as of November 3, 2025. Reported Earnings • Oct 15
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.74 (down from US$1.33 in 3Q 2024). Revenue: US$22.0m (up 2.5% from 3Q 2024). Net income: US$5.15m (down 34% from 3Q 2024). Profit margin: 23% (down from 36% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 34%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Aug 22
Insider notifies of intention to sell stock Aaron Boigon intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of August. If the sale is conducted around the recent share price of US$41.41, it would amount to US$62k. Aaron currently holds less than 1% of total shares outstanding. Company insiders have collectively bought US$328k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Aug 03
Independent Director recently bought US$53k worth of stock On the 31st of July, Sushil Patel bought around 1k shares on-market at roughly US$41.16 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$127k more in shares than they bought in the last 12 months. Recent Insider Transactions Derivative • Jul 27
President exercised options to buy US$126k worth of stock. On the 24th of July, Andrew Ryback exercised options to buy 3k shares at a strike price of around US$31.00, costing a total of US$93k. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. Since March 2025, Andrew has owned 89.07k shares directly. Company insiders have collectively bought US$201k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Jul 21
Second quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 1st August 2025 Payment date: 15th August 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 22% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 10% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 17
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$1.07 (down from US$1.15 in 2Q 2024). Revenue: US$19.7m (flat on 2Q 2024). Net income: US$6.32m (down 6.9% from 2Q 2024). Profit margin: 32% (down from 35% in 2Q 2024). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Announcement • Jul 17
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on August 1, 2025 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.30 per share, payable August 15, 2025, to stockholders of record as of August 1, 2025. New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Declared Dividend • Apr 20
First quarter dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 1st May 2025 Payment date: 15th May 2025 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 22% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 7.1% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 17
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on May 15, 2025 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.30 per share, payable May 15, 2025, to stockholders of record as of May 1, 2025. Announcement • Apr 16
Plumas Bancorp Reports Net Charge-Offs for the First Quarter Ended March 31, 2025 Plumas Bancorp reported net charge-offs for the first quarter ended March 31, 2025. Net charge-offs totaled $127,000 and $610,000 during the three months ended March 31, 2025 and 2024. Announcement • Apr 12
Plumas Bancorp, Annual General Meeting, May 21, 2025 Plumas Bancorp, Annual General Meeting, May 21, 2025. Location: nevada meseum of art, 160 w, liberty st, reno, nv 89501, United States Reported Earnings • Mar 20
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.86 (down from US$5.08 in FY 2023). Revenue: US$81.3m (up 4.5% from FY 2023). Net income: US$28.6m (down 3.9% from FY 2023). Profit margin: 35% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.79% (up from 4.71% in FY 2023). Cost-to-income ratio: 51.3% (up from 46.6% in FY 2023). Non-performing loans: 0.40% (down from 0.50% in FY 2023). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Recent Insider Transactions Derivative • Feb 25
President exercised options to buy US$113k worth of stock. On the 21st of February, Andrew Ryback exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$54k. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. Since March 2024, Andrew has owned 85.20k shares directly. Company insiders have collectively sold US$50k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Feb 02
Consensus revenue estimates increase by 16%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$85.4m to US$98.8m. EPS estimate fell from US$4.71 to US$4.14. Net income forecast to shrink 6.4% next year vs 12% growth forecast for Banks industry in the US . Consensus price target up from US$54.00 to US$56.50. Share price was steady at US$45.60 over the past week. Announcement • Jan 30
Plumas Bancorp (NasdaqCM:PLBC) signed a definitive merger agreement to acquire Cornerstone Community Bancorp (OTCPK:CRSB) for $64.6 million. Plumas Bancorp (NasdaqCM:PLBC) signed a definitive merger agreement to acquire Cornerstone Community Bancorp (OTCPK:CRSB) for $64.6 million on January 28, 2025. Under the terms of the Agreement, each issued and outstanding share of common stock of Cornerstone will be converted into the right to receive 0.6608 shares of common stock of Plumas and $9.75 in cash (subject to adjustment under certain circumstances). Based on the closing price of $47.76 for Plumas shares on January 28, 2025, the Transaction would result in an aggregate consideration of $64.6 million (inclusive of the value to Cornerstone stock option holders) and value of $41.31 per Cornerstone share. Giving effect to the merger, Cornerstone shareholders will hold, in the aggregate, approximately 14% of Plumas’ outstanding common stock based on December 31, 2024 data. A termination fee of $2,528,000 will be payable by Cornerstone in the event of a termination of the Merger Agreement under certain circumstances. One current member of the Cornerstone board of directors will join the Plumas board of directors upon the merger. The boards of directors of Plumas and Cornerstone have approved the proposed merger, which is expected to occur in the second half of 2025 and remains subject to customary closing conditions, including obtaining approval by Cornerstone’s shareholders and bank regulatory authorities, The Registration Statement shall have become effective under the Securities Act and no stop order suspending the effectiveness of the Registration Statement shall have been issued and no proceedings for that purpose shall have been initiated by the SEC and not withdrawn, The shares of Plumas Common Stock to be issued to the Cornerstone shareholders as the Stock Consideration shall have been approved for listing on Nasdaq, The average of Cornerstone Bank’s aggregate outstanding balance of deposits shall be not less than $405,000,000 and the holders of no more than five percent (5%) of the aggregate outstanding shares of Cornerstone Common Stock shall have properly notified Cornerstone under Chapter 13 of the CGCL that they intend to exercise their dissenters’ rights. Plumas expects the acquisition to be approximately 9% accretive to earnings per share in 2025 and 23% accretive in 2026.
Plumas was advised in the Transaction by Raymond James & Associates, Inc. as financial advisor and David J. Gershon of Sheppard, Mullin, Richter & Hampton LLP as legal counsel. Cornerstone was advised by Performance Trust Capital Partners as financial advisor and fairness opinion provider and Gary Findley of Gary Steven Findley & Associates as legal counsel. Price Target Changed • Jan 30
Price target increased by 7.6% to US$56.50 Up from US$52.50, the current price target is an average from 2 analysts. New target price is 20% above last closing price of US$47.25. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$4.29 for next year compared to US$4.85 last year. Declared Dividend • Jan 19
Fourth quarter dividend increased to US$0.30 Dividend of US$0.30 is 11% higher than last year. Ex-date: 3rd February 2025 Payment date: 17th February 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (25% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 2.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$4.85 (down from US$5.08 in FY 2023). Revenue: US$81.3m (up 4.5% from FY 2023). Net income: US$28.6m (down 3.9% from FY 2023). Profit margin: 35% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Nov 27
Price target increased by 22% to US$52.50 Up from US$43.00, the current price target is an average from 2 analysts. New target price is 6.1% above last closing price of US$49.46. Stock is up 45% over the past year. The company is forecast to post earnings per share of US$4.70 for next year compared to US$5.08 last year. Recent Insider Transactions • Oct 23
Insider recently sold US$106k worth of stock On the 22nd of October, B. North sold around 2k shares on-market at roughly US$42.55 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$86k more than they bought in the last 12 months. Declared Dividend • Oct 21
Third quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 2.5%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (22% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 23% per year over the past 8 years and payments have been stable during that time. EPS is expected to decline by 9.8% over the next 2 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • Oct 17
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on November 15, 2024 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable November 15, 2024, to stockholders of record as of November 1, 2024. Reported Earnings • Oct 16
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$1.33 (down from US$1.36 in 3Q 2023). Revenue: US$21.5m (up 6.2% from 3Q 2023). Net income: US$7.83m (down 1.8% from 3Q 2023). Profit margin: 36% (down from 39% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 21
Second quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 1st August 2024 Payment date: 15th August 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 8 years and payments have been stable during that time. EPS is expected to decline by 7.5% over the next year. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 18
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$1.15 (up from US$1.14 in 2Q 2023). Revenue: US$19.7m (up 9.2% from 2Q 2023). Net income: US$6.79m (up 1.9% from 2Q 2023). Profit margin: 35% (down from 37% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on August 15, 2024 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable August 15, 2024, to stockholders of record as of August 1, 2024. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$40.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 34% over the past three years. Reported Earnings • May 09
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$1.06 (down from US$1.30 in 1Q 2023). Revenue: US$18.8m (down 4.0% from 1Q 2023). Net income: US$6.25m (down 18% from 1Q 2023). Profit margin: 33% (down from 39% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 26
Upcoming dividend of US$0.27 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 15 May 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.7%). In line with average of industry peers (3.0%). Major Estimate Revision • Apr 24
Consensus revenue estimates fall by 26% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$81.0m to US$60.3m. EPS estimate fell from US$4.80 to US$4.35 per share. Net income forecast to shrink 7.3% next year vs 0.04% growth forecast for Banks industry in the US . Consensus price target of US$40.00 unchanged from last update. Share price was steady at US$35.14 over the past week. Declared Dividend • Apr 22
First quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 30th April 2024 Payment date: 15th May 2024 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 23% per year over the past 8 years and payments have been stable during that time. EPS is expected to decline by 6.5% over the next year. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 19
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on May 15, 2024 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.27 per share, payable May 15, 2024, to stockholders of record as of May 1, 2024. New Risk • Apr 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 17
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$1.06 (down from US$1.30 in 1Q 2023). Revenue: US$18.8m (down 4.0% from 1Q 2023). Net income: US$6.25m (down 18% from 1Q 2023). Profit margin: 33% (down from 39% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 05
Plumas Bancorp, Annual General Meeting, May 15, 2024 Plumas Bancorp, Annual General Meeting, May 15, 2024, at 09:30 Pacific Standard Time. Location: Nevada Museum of Art at 160 W. Liberty Street, Reno, Nevada Reno Nevada United States Agenda: To consider Election of nine directors; to consider Ratification of appointment of independent registered public accounting firm; and to consider other business matters. Recent Insider Transactions Derivative • Feb 23
President exercised options to buy US$92k worth of stock. On the 22nd of February, Andrew Ryback exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$58k. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. Since March 2023, Andrew has owned 81.54k shares directly. Company insiders have collectively sold US$24k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 10
Insider notifies of intention to sell stock Aaron Boigon intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of February. If the sale is conducted around the recent share price of US$36.31, it would amount to US$58k. As of today, Aaron currently holds no shares directly (This sale likely refers to shares that have not yet been received). Company insiders have collectively sold US$31k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 08
Plumas Bancorp and Plumas Bank Announce Appointment of Sushil Patel to the Board of Directors The directors of Plumas Bancorp and Plumas Bank announced the appointment of Sushil Patel to the Board of Directors. Patel is from South Lake Tahoe, Calif., and has been actively involved in developing real estate projects in both Nevada and California for more than 20 years. A successful business leader in the hospitality and lodging industry, Patel is owner of Laxmi Hotels and managing partner at Mountain West Builders. He owns and operates five hotel properties in Lake Tahoe and Reno, Nev. and co-leads one of the largest multifamily contractors in Northern Nevada. Patel lives in Reno and serves on the Renown Health Foundation board. He earned his bachelor’s degree in business administration and public relations from California State University, Sacramento. Upcoming Dividend • Jan 24
Upcoming dividend of US$0.27 per share at 2.6% yield Eligible shareholders must have bought the stock before 31 January 2024. Payment date: 15 February 2024. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.2%). Declared Dividend • Jan 21
Fourth quarter dividend of US$0.27 announced Shareholders will receive a dividend of US$0.27. Ex-date: 31st January 2024 Payment date: 15th February 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (20% payout ratio) and is expected to be well covered in 3 years' time (23% forecast payout ratio). The dividend has increased by an average of 26% per year over the past 7 years and payments have been stable during that time. EPS is expected to decline by 2.6% over the next 2 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 17
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: US$5.08 (up from US$4.53 in FY 2022). Revenue: US$77.7m (up 14% from FY 2022). Net income: US$29.8m (up 13% from FY 2022). Profit margin: 38% (in line with FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$39.22, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 70% over the past three years. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.25 per share at 2.9% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (5.2%). Lower than average of industry peers (4.0%). Announcement • Oct 20
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on November 15, 2023 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.25 per share, payable November 15, 2023, to stockholders of record as of November 1, 2023. Reported Earnings • Oct 19
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$1.36 (up from US$1.24 in 3Q 2022). Revenue: US$20.3m (up 13% from 3Q 2022). Net income: US$7.97m (up 10% from 3Q 2022). Profit margin: 39% (in line with 3Q 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Recent Insider Transactions Derivative • Aug 18
Insider exercised options to buy US$115k worth of stock. On the 16th of August, Jeffrey Moore exercised options to buy 3k shares at a strike price of around US$24.40, costing a total of US$78k. This transaction amounted to 320% of their direct individual holding at the time of the trade. As of today, Jeffrey currently holds no shares directly. Company insiders have collectively bought US$20k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Jul 24
Upcoming dividend of US$0.25 per share at 2.8% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.4%). Announcement • Jul 22
Plumas Bancorp Reports Unaudited Net Charge Off for the Three Months Ended June 30, 2023 Plumas Bancorp reported unaudited net charge off for the three months ended June 30, 2023. For the quarter, net charge-offs for the quarter was $411,000 against $133,000 reported a year ago. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: US$1.14 (vs US$0.97 in 2Q 2022) Second quarter 2023 results: EPS: US$1.14 (up from US$0.97 in 2Q 2022). Revenue: US$18.0m (up 15% from 2Q 2022). Net income: US$6.66m (up 17% from 2Q 2022). Profit margin: 37% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Recent Insider Transactions Derivative • Mar 22
President exercised options to buy US$87k worth of stock. On the 17th of March, Andrew Ryback exercised options to buy 3k shares at a strike price of around US$21.45, costing a total of US$54k. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. Since March 2022, Andrew's direct individual holding has increased from 73.80k shares to 78.63k. Company insiders have collectively sold US$150k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Mar 20
Full year 2022 earnings released: EPS: US$4.53 (vs US$3.82 in FY 2021) Full year 2022 results: EPS: US$4.53 (up from US$3.82 in FY 2021). Revenue: US$68.3m (up 25% from FY 2021). Net income: US$26.4m (up 26% from FY 2021). Profit margin: 39% (in line with FY 2021). Net interest margin (NIM): 3.82% (up from 3.63% in FY 2021). Cost-to-income ratio: 46.9% (up from 46.8% in FY 2021). Non-performing loans: 0.13% (down from 0.58% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$35.10, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 9x in the Banks industry in the US. Total returns to shareholders of 92% over the past three years. Recent Insider Transactions • Mar 01
Insider recently sold US$314k worth of stock On the 27th of February, B. North sold around 7k shares on-market at roughly US$42.00 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$495k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Feb 24
Insider exercised options to buy US$155k worth of stock. On the 22nd of February, B. North exercised 7.20k options at around US$21.45, then sold 3.57k of them at US$43.28 each and kept the remainder. Since March 2022, North's direct individual holding has decreased from 15.18k shares to 7.48k. Company insiders have collectively bought US$110k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Jan 24
Upcoming dividend of US$0.25 per share at 2.5% yield Eligible shareholders must have bought the stock before 31 January 2023. Payment date: 15 February 2023. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.1%). Announcement • Jan 20
Plumas Bancorp Declares Quarterly Cash Dividend, Payable on February 15, 2023 Plumas Bancorp announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.25 per share, payable February 15, 2023, to stockholders of record as of February 1, 2023. Reported Earnings • Jan 20
Full year 2022 earnings released: EPS: US$4.53 (vs US$3.82 in FY 2021) Full year 2022 results: EPS: US$4.53 (up from US$3.82 in FY 2021). Revenue: US$68.3m (up 25% from FY 2021). Net income: US$26.4m (up 26% from FY 2021). Profit margin: 39% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Announcement • Jan 04
Plumas Bancorp Announces Retirement of Gerald W. Fletcher as Board Director, with Effect from December 31, 2022 Plumas Bancorp announced the recent retirement of board director, Gerald W. Fletcher, after 34 years of service. Mr. Fletcher’s retirement, effective December 31, 2022, was required by the age-based retirement policy in the company’s Corporate Governance Guidelines. Fletcher was on the Board of Directors for Susanville-based Sierra Security Bank. He joined the Plumas Bank Board in 1988 when Sierra Security Bank merged with Plumas Bank. Fletcher lived most of his life in Susanville, California and recently moved to Chico, California. He owned and operated Fletcher Christmas Trees for over 50 years. He was a long-standing member of Lassen County Cattleman’s Association and the Lassen County Farm Bureau. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Julie Morehead was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (3.2%). Announcement • Oct 21
Plumas Bancorp Declares Quarterly Cash Dividend, Payable November 15, 2022 Plumas Bancorp the parent company of Plumas Bank (the " Bank"), announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.16 per share, payable November 15, 2022, to stockholders of record as of November 1, 2022. Reported Earnings • Oct 20
Third quarter 2022 earnings released: EPS: US$1.24 (vs US$1.13 in 3Q 2021) Third quarter 2022 results: EPS: US$1.24 (up from US$1.13 in 3Q 2021). Revenue: US$18.0m (up 17% from 3Q 2021). Net income: US$7.23m (up 9.9% from 3Q 2021). Profit margin: 40% (down from 43% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year.