# Plumas Bancorp's Q3 2026 Earnings Hit Record $11.4 Million on Lower Provisions

> Plumas Bancorp earned a record $11.4 million in Q3 2026, or $1.64 per share, as credit-loss provisions fell to $150 thousand and net interest income rose to $26.5 million.

- Published: 2026-10-21T19:22:58+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-21/plumas-bancorp-record-q3-earnings
- Source: [Stock Titan](https://www.stocktitan.net/news/PLBC/plumas-bancorp-reports-record-third-quarter-2026-ctcs7f68gkgp.html)

## Key takeaways

- Plumas Bancorp reported record third-quarter 2026 earnings of $11.4 million, or $1.64 per share, up from $5.1 million a year earlier.
- Net interest income rose to $26.5 million and the provision for credit losses fell to $150 thousand from $5.4 million.
- Nonperforming loans increased to $21.1 million at September 30, 2026, from $15.0 million a year earlier.

Plumas Bancorp reported record third-quarter 2026 earnings of $11.4 million, or $1.64 per share, up $6.2 million from $5.1 million, or $0.74 per share, a year earlier, the company said. The parent of [Plumas Bank](https://akta.pro/company-profiles/00071x2/plumas-bank) announced the results on October 21, 2026, according to [Stock Titan](https://www.stocktitan.net/news/PLBC/plumas-bancorp-reports-record-third-quarter-2026-ctcs7f68gkgp.html).

## Plumas Bancorp's Record Quarter in Detail

Diluted earnings per share rose to $1.61 for the three months ended September 30, 2026, from $0.73 a year earlier. Return on average assets was 1.98%, up from 0.90%, and return on average equity rose to 16.7% from 8.5%.

Net interest income increased $1.3 million to $26.5 million from $25.2 million. The provision for credit losses fell to $150 thousand from $5.4 million. Non-interest income rose $538 thousand to $2.8 million, while non-interest expense was flat at $15.1 million.

The provision for income taxes increased $877 thousand to $2.6 million, and the effective tax rate declined to 18.9% from 25.6%, related to the purchase of $14.5 million in green energy tax credits.

Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp, said, "Our lower-cost relationship-based deposit franchise and enhanced loan yield supported profitability during the third quarter, with continued loan repricing helping to maintain strong net interest margin."

Nonperforming loans were $21.1 million at September 30, 2026, and $15.0 million a year earlier, rising to 1.41% of total loans from 1.0%. Nonperforming assets were $21.3 million, or 0.94% of total assets, up from $15.2 million and 0.68%.

## Plumas Bank's Cornerstone Integration and Leadership

Plumas Bank is a Quincy, California-based community bank operating 19 branches across Northeastern California and Northern Nevada, serving small and midsize businesses, agricultural operators, commercial real estate borrowers, medical practices, and consumers, according to akta.pro [company records](https://akta.pro/company-data).

The same records show Plumas Bancorp acquired Cornerstone Community Bancorp effective July 1, 2025, in a transaction valued at approximately $61.3 million, with each Cornerstone share converted into Plumas stock and cash. Jack Prescott was promoted to executive vice president and chief banking officer in February 2026, consolidating commercial and retail banking leadership after the Cornerstone integration.

## Earlier Plumas Bancorp Developments

Plumas Bancorp released its 2026 Corporate Citizenship Report, titled "Building a Legacy," detailing community banking, workforce development, and governance initiatives, Stock Titan reported in September 2026.

Plumas Bank announced the promotion of Ryan Riggan to credit administrator, where he serves as senior vice president overseeing credit policy, underwriting standards, and regulatory compliance, Carson Now reported in July 2026.

Plumas Bancorp's board declared a regular quarterly cash dividend of $0.33 per share, payable August 17, 2026, to stockholders of record as of August 3, 2026, Stock Titan reported in July 2026.

## Plumas Bancorp's Next Steps

Plumas Bancorp's $14.3 million note payable to a correspondent bank matures on January 25, 2035, and carries a fixed rate of 3.85% for the first five years before switching to a floating rate linked to the WSJ Prime Rate beginning January 25, 2027.

## Companies in this story

- [Plumas Bank company profile](https://akta.pro/company-profiles/00071x2/plumas-bank) · website: http://plumasbank.com

---
News for Agent · https://newsforagent.com/llms.txt