Plumas Bancorp reported first quarter 2026 net income of $9.8 million or $1.40 per share, compared with $7.2 million or $1.21 per share in Q1 2025. Net interest income rose by $6.6 million to $25.1 million and the company recorded a $330 thousand credit-loss recovery, partially offset by a $217 thousand decrease in non-interest income and a $3.8 million rise in non-interest expenses, including a $726 thousand fraud loss.

Effective July 1, 2025, the acquisition of Cornerstone Community Bank added $658 million of assets, $478 million in gross loans and $580 million in deposits. Compared with March 31, 2025, gross loans climbed 49% to $1.5 billion, deposits rose 29% to $1.8 billion, shareholders’ equity grew 41% to $265 million and book value per share increased 20% to $38.05.

In February the board authorized a $25 million share repurchase program through Q4 2026 and 41,000 shares were bought in Q1. The company also promoted Kevin Kaiser to Chief Credit Officer and expanded its senior team to support strategic priorities, while maintaining focus on capital strength and shareholder value creation.