Plumas Bancorp | 10-Q: FY2025 Q3 Revenue: USD 32.05 M

Revenue: As of FY2025 Q3, the actual value is USD 32.05 M.

EPS: As of FY2025 Q3, the actual value is USD 0.73, beating the estimate of USD 0.5467.

EBIT: As of FY2025 Q3, the actual value is USD -18.26 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025, was $71,020,000, compared to $63,049,000 for the same period in 2024.

Operational Metrics

• Net Income: The company recorded a net income of $18,646,000 for the nine months ended September 30, 2025, down from $20,870,000 for the same period in 2024.
• Provision for Credit Losses: Increased from $1,346,000 in the nine months ended September 30, 2024, to $6,483,000 in the same period in 2025.
• Non-Interest Income: Increased by $1,243,000 from $6,579,000 in 2024 to $7,822,000 in 2025.
• Non-Interest Expenses: Increased from $31,617,000 in 2024 to $37,612,000 in 2025.

Cash Flow

• Net Cash Provided by Operating Activities: $15,172,000 for the nine months ended September 30, 2025, compared to $22,225,000 for the same period in 2024.
• Net Cash Provided by Investing Activities: $69,792,000 for the nine months ended September 30, 2025, compared to $18,205,000 for the same period in 2024.
• Net Cash Used in Financing Activities: -$79,703,000 for the nine months ended September 30, 2025, compared to -$8,126,000 for the same period in 2024.

Unique Metrics

• Goodwill: As a result of the acquisition of Cornerstone Community Bancorp, the company recorded $18,713,000 in goodwill.

Future Outlook and Strategy

• Core Business Focus: The company aims to expand its geographic presence in Northern California, diversify its lending business, and strengthen its talent base following the acquisition of Cornerstone Community Bancorp.
• Non-Core Business: The company completed the acquisition of Cornerstone Community Bancorp, which added four branches in California and increased total assets to approximately $2.3 billion.