Pinnacle Bancshares Announces Results for Year Ended and Fourth Quarter December 31, 2023
PINNACLE BANCSHARES INC (PCLB)
NASDAQ:AMEX Investor Relations:
pinnaclebankonline.com/investors/index.php
Company Research
Source: Business Wire
JASPER, Ala.--(BUSINESS WIRE)--Robert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. (OTCBB: PCLB), today announced Pinnacle’s results of operations for the fourth quarter and year ended December 31, 2023:For the three months ended December 31, 2023, Pinnacle’s basic/diluted earnings per share was $1.08 as compared to $1.12 per share for the three months ended December 31, 2022. Net income for the three months ended December 31, 2023 was $981,000 as compared to $1,016,000 for the three months ended December 31, 2022.For the year ended December 31, 2023, Pinnacle’s basic/diluted earnings per share was $4.93 as compared to $4.79 per share for the year ended December 31, 2022. Pinnacle reported net income of $4,480,000 for the year ended December 31, 2023 as compared to $4,504,000, for the year ended December 31, 2022.For the three and nine months ended December 31, 2023, return on average assets was 1.18%, and 1.34%, respectively, compared to 1.29%
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