Plumas Bancorp's Q3 EPS beats estimates on higher loan yields
PLBC•Plumas Bancorp reported Q3 diluted EPS of $1.61, above the $1.46 analyst consensus, as net income and EPS more than doubled year over year. Net interest margin was 5.05%.
1. Quarterly results
Plumas Bancorp's third-quarter diluted EPS was $1.61, beating the $1.46 consensus estimate from three analysts. Net income and EPS more than doubled year over year, and net interest margin was 5.05%.
2. Earnings drivers and outlook
The company said higher loan yields, continued repricing of commercial real estate loans, lower credit loss provisions and purchases of green energy tax credits supported profitability. Management expects continued loan repricing to help maintain net interest margin and believes available funding sources will provide adequate liquidity in the near future.
