Pinnacle Bankshares Corporation Announces 3rd Quarter/Year to Date 2024 Earnings
PINNACLE BANKSHARES CORP (PPBN)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=1032865
Company Research
Source: GlobeNewswire
ALTAVISTA, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was $2,085,000, or $0.94 per basic and diluted share, for the third quarter of 2024, while net income for the nine months ended September 30, 2024 was $6,377,000, or $2.88 per basic and diluted share. In comparison, net income was $2,794,000, or $1.27 per basic and diluted share, and $7,483,000, or $3.41 per basic and diluted share, respectively, for the same periods of 2023. Consolidated results for the quarter and the nine-month periods are unaudited. Third Quarter & 2024 Year-to-Date HighlightsIncome Statement comparisons are to the third quarter and first nine months of 2023Balance Sheet, Capital Ratios, and Stock Price comparisons are to December 31, 2023 Income Statement Third Quarter Net Income decreased 3% and Year-to-Date Net Income decreased 7%, excluding Bank Own
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