Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the fourth quarter of 2025 of $10.9 million or $1.58 per share, an increase of $3.2 million from $7.7 million or $1.31 per share during the fourth quarter of 2024. Diluted earnings per share increased to $1.56 per share during the three months ended Dec. 31, 2025 up from $1.29 per share during the quarter ended Dec. 31, 2024. Increases of $6.9 million in net interest income and $503 thousand in non interest income were offset by increases of $3.6 million in non-interest expense, $517 thousand in the provision for credit losses and $94 thousand in the provision for income taxes. The annualized return on average assets was 1.93 percent for the three months ended Dec. 31, 2025 and 1.87 percent for the three months ended Dec. 31, 2024. The annualized return on average equity increased to 17.2 percent during the current quarter from 17.1 percent during the three months ended Dec. 31, 2024.
For the year ended Dec. 31, 2025, the Company reported net income of $29.6 million or $4.60 per share, an increase of $1.0 million from $28.6 million, or $4.85 per share earned during the 12 months ended Dec. 31, 2024. Earnings per diluted share decreased to $4.54 during the year ended Dec. 31, 2025, down $0.26 from $4.80 during 2024. Increases of $14.1 million in net interest income and $1.7 million in non-interest income and a decline of $407 thousand in the provision for income taxes were mostly offset by increases in non-interest expense of $9.6 million and $5.6 million in the provision for credit losses. The annualized return on average assets was 1.52 percent for the 12 months ended Dec. 31, 2025, down from 1.74 percent for the 12 months ended Dec. 31, 2024. The annualized return on average equity decreased from 17.2 percent during 2024 to 13.6 percent during 2025.
