Plumas Bancorp Q2 Net Income Dips, EPS Falls to $0.27

Ticker: PLBC · Form: 10-Q · Filed: Aug 6, 2025 · CIK: 1168455

Sentiment: bearish

Topics: Regional Banking, Earnings Decline, EPS Drop, Financial Performance, 10-Q Analysis, Banking Sector, Profitability

Related Tickers: PLBC

TL;DR

**PLBC's Q2 earnings are a red flag; expect continued pressure on regional bank profitability.**

AI Summary

Plumas Bancorp reported a net income of $5.93 million for the six months ended June 30, 2025, a decrease from $5.90 million for the same period in 2024. Diluted earnings per share for the six months ended June 30, 2025, were $0.54, down from $0.60 in the prior year. For the quarter ended June 30, 2025, diluted EPS was $0.27, a decline from $0.30 in the second quarter of 2024. The company's common stock and additional paid-in capital remained stable at $22.5 million as of June 30, 2025, consistent with December 31, 2024. Retained earnings increased to $14.21 million as of June 30, 2025, from $13.20 million at December 31, 2024, indicating profit retention despite the net income dip. Accumulated other comprehensive income showed a slight increase to $4 million as of June 30, 2025, from $3 million at December 31, 2024. The company's financial position remains relatively stable, with minor shifts in profitability metrics. No significant business changes or new risks were explicitly detailed beyond the financial performance.

Why It Matters

Plumas Bancorp's slight decline in net income and EPS could signal tightening margins in the regional banking sector, impacting investor confidence in smaller financial institutions. For employees, stable capital and retained earnings suggest job security, but a sustained decline in profitability could lead to future cost-cutting measures. Customers might see a more conservative lending environment if the bank prioritizes asset quality over growth. In a competitive landscape, this performance could make PLBC less attractive compared to peers showing stronger growth, potentially affecting its market share and valuation.

Risk Assessment

Risk Level: medium — The risk level is medium due to the decline in diluted EPS from $0.60 to $0.54 for the six months ended June 30, 2025, and from $0.30 to $0.27 for the quarter. While retained earnings increased, the consistent drop in per-share profitability indicates potential headwinds in revenue generation or increasing costs, which could impact future financial stability.

Analyst Insight

Investors should monitor PLBC's next earnings report closely for signs of stabilization or further decline in EPS. Consider re-evaluating your position if the trend of decreasing profitability continues, as it may signal broader challenges for regional banks.

Financial Highlights

net Income: $5.93M
eps: $0.27

Key Numbers

$5.93M — Net Income (6 months) (Decreased from $5.90M in prior year)
$0.54 — Diluted EPS (6 months) (Decreased from $0.60 in prior year)
$0.27 — Diluted EPS (Q2) (Decreased from $0.30 in prior year quarter)
$22.5M — Common Stock & APIC (Stable from December 31, 2024)
$14.21M — Retained Earnings (Increased from $13.20M at December 31, 2024)
$4M — Accumulated Other Comprehensive Income (Increased from $3M at December 31, 2024)

Key Players & Entities

PLUMAS BANCORP (company) — filer of the 10-Q
$5.93 million (dollar_amount) — net income for six months ended June 30, 2025
$5.90 million (dollar_amount) — net income for six months ended June 30, 2024
$0.54 (dollar_amount) — diluted EPS for six months ended June 30, 2025
$0.60 (dollar_amount) — diluted EPS for six months ended June 30, 2024
$0.27 (dollar_amount) — diluted EPS for quarter ended June 30, 2025
$0.30 (dollar_amount) — diluted EPS for quarter ended June 30, 2024
$22.5 million (dollar_amount) — common stock and additional paid-in capital as of June 30, 2025
$14.21 million (dollar_amount) — retained earnings as of June 30, 2025
$13.20 million (dollar_amount) — retained earnings as of December 31, 2024

FAQ

What was Plumas Bancorp's net income for the first six months of 2025?

Plumas Bancorp reported a net income of $5.93 million for the six months ended June 30, 2025, a slight decrease from $5.90 million for the same period in 2024.

How did Plumas Bancorp's diluted EPS change in Q2 2025?

For the quarter ended June 30, 2025, Plumas Bancorp's diluted earnings per share (EPS) was $0.27, which is a decrease from $0.30 reported in the second quarter of 2024.

What is the trend in Plumas Bancorp's retained earnings?

Plumas Bancorp's retained earnings increased to $14.21 million as of June 30, 2025, from $13.20 million at December 31, 2024, indicating profit retention.

Has Plumas Bancorp's common stock and additional paid-in capital changed?

No, Plumas Bancorp's common stock and additional paid-in capital remained stable at $22.5 million as of June 30, 2025, consistent with December 31, 2024.

What does the decline in Plumas Bancorp's EPS mean for investors?

The decline in Plumas Bancorp's EPS from $0.60 to $0.54 for the six months and $0.30 to $0.27 for the quarter suggests potential challenges in profitability, which investors should monitor closely for sustained trends.

Are there any significant business changes reported in Plumas Bancorp's 10-Q?

The 10-Q filing for Plumas Bancorp did not explicitly detail any significant business changes beyond the reported financial performance metrics.

What is Plumas Bancorp's accumulated other comprehensive income?

Plumas Bancorp's accumulated other comprehensive income showed a slight increase to $4 million as of June 30, 2025, from $3 million at December 31, 2024.

How does Plumas Bancorp's performance compare to the previous year?

For the six months ended June 30, 2025, Plumas Bancorp's net income was $5.93 million compared to $5.90 million in 2024, and diluted EPS was $0.54 compared to $0.60 in 2024, indicating a slight decline in profitability.

What is the overall financial health of Plumas Bancorp based on this 10-Q?

Based on the 10-Q, Plumas Bancorp's financial position appears relatively stable with increasing retained earnings, but a slight decline in net income and EPS suggests some pressure on profitability.

What risks are highlighted in Plumas Bancorp's latest 10-Q?

The primary risk highlighted by the financial data in the 10-Q is the consistent decline in diluted EPS, from $0.60 to $0.54 for the six-month period and $0.30 to $0.27 for the quarter, indicating potential challenges in maintaining or growing profitability.

Industry Context

Plumas Bancorp operates within the short-term business credit institutions sector. The banking industry is generally sensitive to interest rate changes and economic cycles. Competition typically comes from larger national banks, regional banks, and smaller community banks, all vying for deposits and loan origination opportunities.

Regulatory Implications

As a financial institution, Plumas Bancorp is subject to extensive regulation by federal and state authorities, including the FDIC and state banking departments. Compliance with capital requirements, lending standards, and consumer protection laws is critical and can impact operational flexibility and profitability.

What Investors Should Do

Monitor Net Interest Margin trends
Analyze loan portfolio quality
Evaluate the drivers of AOCI increase

Key Dates

2025-06-30: End of Second Quarter 2025 — Reporting period for the 10-Q, showing net income of $5.93 million and diluted EPS of $0.27 for the quarter.
2025-06-30: Balance Sheet Date — Common stock and additional paid-in capital stood at $22.5 million, retained earnings at $14.21 million, and accumulated other comprehensive income at $4 million.
2024-06-30: End of Second Quarter 2024 — Comparative period for Q2 2025, with net income of $5.90 million and diluted EPS of $0.30.
2024-12-31: Year-End 2024 — Previous reporting period for retained earnings ($13.20 million) and accumulated other comprehensive income ($3 million).
2025-01-01: Start of Fiscal Year 2025 — Beginning of the six-month period ending June 30, 2025, for which net income was $5.93 million and diluted EPS was $0.54.
2024-01-01: Start of Fiscal Year 2024 — Beginning of the six-month period ending June 30, 2024, for which net income was $5.90 million and diluted EPS was $0.60.

Glossary

Additional Paid-In Capital: The amount of money a company receives from selling stock above its par value. (Part of the $22.5 million reported as 'Common Stock & APIC', indicating stable equity structure.)
Retained Earnings: The cumulative amount of net income that a company has kept over time, rather than distributing as dividends. (Increased to $14.21 million from $13.20 million, showing profit retention despite a slight dip in net income.)
Accumulated Other Comprehensive Income: Unrealized gains or losses that are not included in net income but affect shareholder equity. (Increased to $4 million from $3 million, suggesting a positive movement in items like unrealized investment gains.)
Diluted Earnings Per Share (EPS): A measure of profitability that accounts for all potential dilution from stock options, warrants, and convertible securities. (Decreased to $0.54 for the six months and $0.27 for the quarter, indicating a slight reduction in per-share profitability.)
Net Income: The profit of a company after all expenses and taxes have been deducted. (Reported as $5.93 million for the six months, a marginal increase from $5.90 million in the prior year, but EPS declined.)

Year-Over-Year Comparison

For the six months ended June 30, 2025, Plumas Bancorp reported net income of $5.93 million, a slight increase from $5.90 million in the prior year. However, diluted EPS declined to $0.54 from $0.60, indicating a potential increase in shares outstanding or other dilutive factors. The balance sheet shows stable common stock and APIC at $22.5 million, with increases in retained earnings to $14.21 million and accumulated other comprehensive income to $4 million, suggesting profit retention and positive unrealized gains.

Filing Details

This Form 10-Q (Form 10-Q) was filed with the SEC on August 6, 2025 regarding PLUMAS BANCORP (PLBC).

View full filing on EDGAR

View Full Filing

View this 10-Q filing on SEC EDGAR