Plumas Bancorp Down 0.85% To $36.09 After Earnings

Plumas Bancorp (PLBC) reported better than expected earnings this morning for Q2 2023.

The company reported an EPS of $1.12. The firm reported an EPS of $0.96 in the year-ago quarter. The increase in Plumas Bancorp's annual growth rate represents how the business is performing well amid recent economic conditions.

Revenues were upbeat at $19.4 million. That revenue figure is an increase of 20.44% from the year ago quarter.

The stock is down 0.85% to $36.09 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Plumas Bancorp has performed a little above average during the past few months. Before the report, Plumas Bancorp received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm set a 52-week high on February 10, 2023 at $45.31 and set a 52-week low on October 7, 2022 at $27.45.

Plumas Bancorp is a bank holding company that provides various banking products and services in Northeastern California and Northwestern Nevada. It provides various deposit products such as checking, interest-bearing checking, business sweep, public funds sweep, savings, time deposit, and retirement account. The bank's loan portfolio consists of commercial real estate loans; commercial and industrial loans; consumer loans; agricultural loans; residential real estate loans, and construction and land development loans. The bank primarily generates revenue from loans and investment securities in its portfolio and, to a lesser extent, service fees.