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Stock impact report

Plumas Bancorp Reports First Quarter 2020 Results

Plumas Bancorp (PLBC) 
US:NASDAQ Investor Relations: plumasbank.com
Company Research Source: GlobeNewswire
QUINCY, Calif., April 15, 2020 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank, today announced first quarter 2020 earnings of $3.3 million or $0.64 per share, a decrease of $502 thousand from $3.8 million or $0.74 per share during the first quarter of 2019.  Diluted earnings per share decreased to $0.63 during the three months ended March 31, 2020 from $0.73 per share during the quarter ended March 31, 2019. Return on average assets was 1.53% during the current quarter, down from 1.87% during the first quarter of 2019.  Return on average equity decreased to 15.2% for the three months ended March 31, 2020, down from 22.2% during the first quarter of 2019.  Financial HighlightsMarch 31, 2020 compared to March 31, 2019 Total assets increased by $48 million, or 6%, to $880 million.Gross loans increased by $50 million, or 9%, to $624 million.Total deposits increased by $32 million, or 4%, to $763 million.Total equity increased by $17.5 million, or Show less Read more
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