Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2024 [Yahoo! Finance]
PINNACLE BANK (CA) (PBNK)
NASDAQ:AMEX Investor Relations:
pinnaclebankonline.com/investors/index.php
Company Research
Source: Yahoo! Finance
announced the Company's results of operations for the first quarter ended March 31, 2024: For the three months ended March 31, 2024, Pinnacle's basic/diluted earnings per share was $1.06 as compared to $1.30 per share for the three months ended March 31, 2023 and $1.08 per share for the three months ended December 31, 2023. Net income for the three months ended March 31, 2024 was $964,000 as compared to $1,180,000 for the three months ended March 31, 2023 and $981,000 for the three months ended December 31, 2023. For the three months ended March 31, 2024, return on average assets was 1.14%, compared to 1.43% for the three months ended March 31, 2023 and 1.18% for the three months ended December 31, 2023. The Company's net interest margin was 3.11% for the three months March 31, 2024, compared to 3.56% for the three months ended March 31, 2023. The Company anticipates that interest expense relating to its funding will continue to increase during 2024 as a result of several factor
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