Plumas Bancorp
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
The business model has worked for 45 years, capital is very solid at a 15.8% common equity tier 1 ratio, there are no hidden securities losses and no existential dependency — there is no evidence whatsoever of the kind of solvency risk a red rating would require. But one material operating question is open, and it is a big one: whether credit quality is passing through a dip or marking a turn. Allowance coverage has fallen to roughly 90%, criticised loans rose from 3.6% to 5.1% of the book within six months, and the provision charged in the first half of 2026 was just $270 thousand while the reserve model was changed in the same quarter. That realised charge-offs remain tiny and the early indicator has improved argues the other way — but it does not yet answer the question. Until it is answered, the more cautious rating applies. That the stock looks undemanding at roughly 1.8 times tangible book value plays no part in this assessment — that is a question of price, not of quality. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Plumas Bancorp is a well-capitalised community bank with unusually cheap funding and a margin that has risen over five years. Its 2026 record headlines, however, rest substantially on the expiring unwind of a purchase discount from the Cornerstone acquisition, and in parallel nonperforming loans have more than quintupled since the end of 2024 — triggered by an in-house agricultural relationship, not by the deal. Capital, liquidity and the minimal actual charge-offs stand on the other side. Not investment advice.
Deposit base and margin
With 45.8% non-interest-bearing demand deposits (30 June 2026), Plumas has funding many larger banks can only dream of. That is the source of the 5.13% net interest margin in the second quarter of 2026 — an exceptional figure for this size class, and one that has risen steadily from 3.63% in 2021.
Capital and liquidity
A common equity tier 1 ratio of 15.8% and total risk-based capital of 17.0% at bank level as of 30 June 2026 — more than double the "well capitalized" thresholds. Add roughly $549 million of undrawn credit lines, $135.5 million of cash and not a single held-to-maturity security in which losses could hide.
Credit quality
Nonaccrual loans rose from $4.1 million (31 December 2024) to $21.9 million (30 June 2026), and total nonperforming loans to 1.55% of the book. Allowance coverage fell from 321% through 132% to roughly 90%; criticised and classified loans rose from 3.6% to 5.1% within six months. The cause is an in-house agricultural relationship of $9.8 million, not the acquisition.
Quality of earnings
The first half of 2026 was the best in company history at $19.7 million. Strip out the $1.3 million of purchase-discount accretion the quarterly filing reports for the second quarter of 2026, however, and the quarterly margin falls from 5.13% to roughly 4.87% — against 4.83% in the prior-year quarter. The effect is finite and accelerating: $1.233 million was forecast for all of 2026, yet $1.8 million had accrued after six months.
Commercial real estate concentration
Commercial real estate accounts for 67.9% of the loan book and equalled 389% of total risk-based capital at 31 December 2025 per the annual report — well above the 300% supervisory threshold. Mitigating: 43% of it is owner-occupied, office property is only 13% of the commercial real estate book, and the 100% construction threshold is comfortably met at 15%.
Shareholder returns
The quarterly dividend rose 10% to $0.33 in 2026, and the annual dividend has more than doubled since 2021 ($0.56). A payout ratio of roughly 23% in the first half of 2026 leaves ample room. A repurchase programme of up to $25 million has been running since 2 February 2026, though only $2.8 million had been drawn by 30 June 2026.
Worth Noting
This analysis began with an editorial screen of small US community banks for unusually high net interest margins: Plumas stood out at 5.13% in the second quarter of 2026, and the look into credit quality produced the actual finding (data as of 27 August 2026).
All balance sheet and income figures carry an as-of date of 30 June 2026 (Form 10-Q) or 31 December 2025 (Form 10-K); price, market capitalisation and valuation ratios are dated 27 August 2026 and change daily with the market. Capital ratios apply to Plumas Bank, not to the holding company: as a small bank holding company, Plumas Bancorp is exempt from consolidated capital rules.
No analyst call transcripts were available for Plumas Bancorp; the chapter on management commitments draws on the earnings releases for all 15 quarters from late 2022 through mid-2026 and on the merger press release of 29 January 2025.
Not to be confused with other institutions carrying "Community Bank" or "Bancorp" in their name — this analysis covers only Plumas Bancorp, Nasdaq ticker PLBC, CIK 0001168455, headquartered in Reno, Nevada.
Stock Watch
This analysis is as of August 28, 2026. Stock Watch will tell you what's changed at PLBC since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Price history
Chart
Interactive price chart (TradingView).
52-week range: 40.40 $ to 63.60 $ · Last price: 62.40 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Banks - Regional
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Plumas Bancorp PLBC | 0.4 | 13.3 | 0.0 | 100.0 | – | 48.6 | 47.7 |
| Mizuho Financial Group Inc. MFG | 135.7 | 17.4 | 0.0 | 100.0 | 46.7 | 10.4 | 70.5 |
| HDFC Bank Limited HDB | 116.5 | 15.8 | 0.0 | 100.0 | 33.3 | 24.3 | -33.2 |
| ICICI Bank Limited IBN | 101.0 | 17.5 | 0.0 | 100.0 | 38.5 | 6.0 | -12.0 |
| U.S. Bancorp USB | 92.6 | 12.8 | 0.0 | 100.0 | 37.8 | 0.4 | 26.3 |
| PNC Financial Services Group Inc PNC | 92.4 | 13.6 | 0.0 | 100.0 | 36.7 | -7.0 | 17.6 |
| Itau Unibanco Banco Holding SA ITUB | 91.5 | 10.0 | 0.0 | 100.0 | 39.1 | 18.0 | 29.3 |
| Deutsche Bank AG DB | 73.5 | 10.3 | 0.0 | 100.0 | 33.4 | -8.3 | 11.7 |
| Nu Holdings Ltd NU | 67.3 | 21.7 | 0.0 | 100.0 | 48.2 | 43.0 | -13.1 |
| Median of companies shown | 92.4 | 13.6 | 0.0 | 100.0 | 38.2 | 10.4 | 17.6 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 33 | 12 | 7 | 1.47 | 9 | 48 | 658 |
| 2017 | 37 | 16 | 8 | 1.58 | 11 | 56 | 745 |
| 2018 | 43 | 19 | 14 | 2.68 | 16 | 67 | 824 |
| 2019 | 47 | 21 | 16 | 2.97 | 15 | 85 | 865 |
| 2020 | 48 | 20 | 14 | 2.77 | 25 | 100 | 1,112 |
| 2021 | 57 | 28 | 21 | 3.76 | -8 | 134 | 1,614 |
| 2022 | 71 | 36 | 26 | 4.47 | 57 | 119 | 1,621 |
| 2023 | 85 | 40 | 30 | 5.02 | 38 | 147 | 1,610 |
| 2024 | 73 | 39 | 29 | 4.80 | 31 | 178 | 1,623 |
| 2025 | 108 | 40 | 30 | 4.54 | 22 | 261 | 2,239 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.30 | 2.40 | 23 | 7.60 | 33.10 | 8 | 8 |
| 2025: Q1 | 1.20 | 14.30 | 24 | 974.80 | 30.30 | 8 | 7 |
| 2025: Q2 | 1.05 | -7.90 | 23 | -1.10 | 27.50 | 2 | 2 |
| 2025: Q3 | 0.74 | -34.30 | 32 | 33.10 | 16.10 | 6 | 5 |
| 2025: Q4 | 1.57 | 20.80 | 33 | 42.40 | 32.90 | 6 | 6 |
| 2026: Q1 | 1.40 | 16.70 | 32 | 36.40 | 30.20 | 9 | 9 |
| 2026: Q2 | 1.41 | 34.30 | – | – | – | 12 | 12 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 14 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Aktien.Guide
Breakout & Setup
Dividends
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- Mark Minervini: Trend Criteria — 1 Month
- Near 52-Week High
- Power Trend
- Stan Weinstein: Checklist
- Stan Weinstein: Stage 2
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 5.77 | 5.72 – 5.81 | 115 | 7.4% | 3 |
| 12/31/2027 | 5.87 | 5.75 – 6.02 | 119 | 1.7% | 3 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 2.6% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $31.7M |
|---|---|
| Market cap | $437.0M |
| Free cash flow in year ten | $41.0M |
| Terminal value as a share of market value | 49.5% |
For comparison: over the past five years free cash flow shrank by 2.5% per year.
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
In allen sechs ausgewerteten Filings kommt künstliche Intelligenz ausschließlich in den Risikohinweisen (Item 1A) vor — wortgleich im Geschäftsbericht 2024 und 2025 und in keinem der vier Quartalsberichte. Weder Geschäftsbeschreibung noch Lagebericht nennen ein KI-Produkt, eine KI-Umsatzquelle oder einen konkreten operativen KI-Einsatz; die Formulierung „is or may be enabled by or integrated into our products and services“ bleibt ausdrücklich offen. Damit fehlt der Beleg für „verkauft“, „nutzt“ und — weil es sich um unveränderte Standard-Risikosprache neben Mobile Banking und Kryptowährungen handelt — auch für „bedroht“.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-Q 2026-08-05 · 10-Q 2026-05-06 · 10-Q 2025-11-05 · 10-Q 2025-08-06 · 10-K 2026-03-19 · 10-K 2025-03-19
Rated on August 28, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 15.3%
- More than 10% revenue growth is expected for the coming year 4.1%
- Share count grows by less than 3% a year 3.3%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 67.3%
- Gross margin at 40% or higher and without meaningful erosion 80.9%
- Goodwill from acquisitions does not grow faster than revenue 1.1%
- Net debt below twice EBITDA 321 m net cash
- Operating cash flow covers the profits of the last three years 2 m
- Return on capital at 15% or higher, or up versus two years ago 12.0%
- Insiders hold at least 10% or are net buyers 6.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
7/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 14.2%
- Exp. sales growth 3Y > 5% 4.9%
- EBIT growth 10Y > 5% 13.9%
- Exp. EBIT growth 3Y > 5% 13.6%
- Net debt < 4x EBIT -8.1x
- EBIT positive, 10Y straight 10
- Max. EBIT decline < 50% 6.7%
- Return on equity > 15% 13.1%
- ROCE > 15% 12.0%
- Expected return > 10% 18.9%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Kaiser Kevin Craig | EVP and Chief Credit Officer | Sell | 1,200 | 61.50 | 73,800 |
| Jul 13, 2026 | Kaiser Kevin Craig | EVP and Chief Credit Officer | Other | 1,400 | 21.45 | 30,030 |
| May 15, 2026 | Moseley Matthew Brock | EVP and Market President | Buy | 40 | 51.18 | 2,047 |
The company
About the Company
Plumas Bancorp ist die Bankholding der Plumas Bank, die kleinen und mittelständischen Unternehmen sowie Privatpersonen verschiedene Bankprodukte und -dienstleistungen anbietet. Das Unternehmen nimmt verschiedene Einlagen an, wie Giro-, Geldmarkt-Giro-, Business-Sweep-, Public-Funds-Sweep…
- Employees
- 238
- Headquarters
- Reno, NV
- Address
- 5525 Kietzke Lane, 89511 Reno, United States
- Phone
- 775 786 0907
- Website
- plumasbank.com
- IPO Date
- 05/18/2005
- ISIN
- US7292731020
- Stock Split
- 3:2 on 09/19/2005
Management
| Name | Title | Birth Year |
|---|---|---|
| Andrew J. Ryback CPA | President, CEO & Director | 1965 |
| Richard L. Belstock CPA | Executive VP & CFO | 1957 |
| Michonne R. Ascuaga | Independent Director & Secretary | 1962 |
| Kelsey Cassinelli | Principal Accounting Officer | 1994 |
| Aaron M. Boigon | Executive VP & Chief Information Officer | 1976 |
| Jamie Huynh | Administrative Coordinator Board & Investor Relations | – |
| Elizabeth Kuipers | VP & Marketing Manager | 1963 |
| Matthew Brock Moseley | Executive VP & Regional President | – |
| Endjis Perkons | SVP of Credit Administrator | – |
| Kelley Cheney | Senior Vice President of SBA Sales Manager | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.