The beat is largely driven by non-recurring items (tax credits, low provision) and the Cornerstone acquisition tailwind. Watch next quarter for normalization of provision expense and tax rate, and monitor the rising NPL ratio (1.41%) for credit quality trajectory.
Price Chart
Executive Summary
Plumas Bancorp reported Q3 2026 EPS of $1.61 (diluted), a 10.5% beat vs consensus of $1.46, with net income of $11.4M more than doubling from $5.1M a year ago. The beat was driven by a sharp reduction in provision for credit losses ($150K vs $5.4M) and a $14.5M green energy tax credit purchase that lowered the effective tax rate to 18.9% from 25.6%. Net interest margin expanded 22bp to 5.05%, but nonperforming loans rose to 1.41% of total loans from 1.00% a year ago, a credit quality concern.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.61 beat consensus of $1.46 by 10.5%
- Net income $11.4M vs $5.1M in Q3 2025, up 121%
- Provision for credit losses fell to $150K from $5.4M
- Net interest margin expanded 22bp to 5.05%
- Green energy tax credit purchase of $14.5M reduced effective tax rate to 18.9%
- Nonperforming loans increased to 1.41% of total loans from 1.00%
- Return on average assets improved to 1.98% from 0.90%
- Return on average equity improved to 16.7% from 8.5%
Financial Impact
EPS beat of $0.15 (10.5%) on consensus $1.46; net income doubled to $11.4M; provision expense collapsed from $5.4M to $150K
Risk Factors
- Nonperforming loans rose to 1.41% of total loans from 1.00%, signaling potential credit deterioration
- Green energy tax credits are non-recurring — effective tax rate will normalize upward
- Provision for credit losses at $150K is unsustainably low vs $5.4M a year ago; future quarters may see higher provisioning
- Unrealized loss on investment securities increased to $44M from $23M, pressuring book value
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385558 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.43 (−0.09%) |
Oct 22, 2026 5d ago | Press Release | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.43 (−0.09%) |
Oct 22, 2026 5d ago | 8-K | $63.49 $63.20 | ▼ −0.46% | ▲ +0.07% | $63.43 (−0.09%) |
Oct 21, 2026 6d ago | 8-K | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.43 (+0.60%) |
Oct 21, 2026 6d ago | 8-K | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.43 (+0.60%) |
Oct 21, 2026 6d ago | Press Release | $63.05 $63.49 | ▲ +0.70% | ▲ +1.88% | $63.43 (+0.60%) |
Jul 16, 2026 14w ago | 8-K | $61.96 $61.35 | ▼ −0.98% | ▲ +0.01% | $63.43 (+2.37%) |
Jul 15, 2026 14w ago | 8-K | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.43 (+5.30%) |
Jul 15, 2026 14w ago | 8-K | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.43 (+5.30%) |
Jul 15, 2026 14w ago | Press Release | $60.24 $61.96 | ▲ +2.86% | ▲ +3.40% | $63.43 (+5.30%) |
US Market Status
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