Plumas Bancorp reports Q3 EPS $1.34 vs $1.23 last year

Return on average assets was 2.00% during the current quarter, up from 1.72% during the third quarter of 2022. Return on average equity increased to 24.4% for the three months ended September 30, 2023, up from 23.7% during the third quarter of 2022. “We are pleased that Plumas Bancorp has been included in Raymond James’ equity research with a very strong initial report,” Andrew J. Ryback, director, president and chief executive officer of Plumas Bancorp and Plumas Bank, announced. “Additionally, Plumas Bancorp was included on the Russell 2000 and was the recipient of a variety of regional and national awards such as the Raymond James Community Bankers Cup and D.A. Davidson’s Bison Select list. While many banks are experiencing significant increases in funding costs resulting in declining margins, Plumas bank’s margins have continued to increase over the last several quarters and we continue to achieve record earnings. We attribute much of this to our exceptionally strong core deposit base resulting in funding costs significantly lower than most peer institutions.”