Plumas ( (PLBC) ) has released its Q1 earnings. Here is a breakdown of the information Plumas presented to its investors.
Plumas Bancorp, headquartered in Reno, Nevada, is the parent company of Plumas Bank, a full-service community bank operating primarily in Northern California and Western Nevada. The bank offers a wide range of financial services and has been recognized as a Preferred Lender by the United States Small Business Administration.
In its first-quarter earnings report for 2025, Plumas Bancorp announced a net income of $7.2 million, marking a 14.8% increase from the previous year. The earnings per share rose to $1.21 from $1.06, reflecting strong financial performance. The company also highlighted its strategic merger agreement with Cornerstone Community Bancorp, expected to significantly expand its asset base and market reach.
Key financial metrics showed an increase in net interest income to $18.5 million, driven by loan growth and reduced borrowings. Non-interest income also rose due to a legal settlement related to the Dixie Fire. However, non-interest expenses increased, partly due to merger-related costs. The bank’s balance sheet remained robust, with a notable increase in total deposits and a decrease in borrowings.
Looking ahead, Plumas Bancorp is optimistic about its merger with Cornerstone Community Bancorp, which is expected to enhance its service offerings and geographic footprint. The company remains committed to growth and community impact, supported by favorable market conditions and strategic partnerships.