Pinnacle Bancshares Announces Results for Second Quarter Ended June 30, 2024 [Yahoo! Finance]
PINNACLE BANK (CA) (PBNK)
NASDAQ:AMEX Investor Relations:
pinnaclebankonline.com/investors/index.php
Company Research
Source: Yahoo! Finance
For the three months ended June 30, 2024, Pinnacle's basic/diluted earnings per share was $1.11 as compared to $1.26 per share for the three months ended June 30, 2023. Net income for the three months ended June 30, 2024 was $1,007,000 as compared to $1,145,000 for the three months ended June 30, 2023 and $981,000 for the three months ended December 31, 2023. For the six months ended June 30, 2024, Pinnacle's basic/diluted earnings per share was $2.17 as compared to $2.56 per share for the six months ended June 30, 2023. Net income for the six months ended June 30, 2024 was $1,970,000 as compared to $2,325,000 for the six months ended June 30, 2023. For the three and six months ended June 30, 2024, return on average assets was 1.18%, and 1.15%, respectively, compared to 1.36% and 1.38%, respectively, in the comparable 2023 period. The Company's net interest margin was 3.22% and 3.15% for the three and six months ended June 30, 2024, respectively, as compared to 3.35% and 3.43%
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