Plumas Bancorp Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St · 10/17 10:53

Plumas Bancorp (NASDAQ:PLBC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$21.5m (up 6.2% from 3Q 2023).
  • Net income: US$7.83m (down 1.8% from 3Q 2023).
  • Profit margin: 36% (down from 39% in 3Q 2023). The decrease in margin was driven by higher expenses.
  • EPS: US$1.33 (down from US$1.36 in 3Q 2023).
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NasdaqCM:PLBC Earnings and Revenue Growth October 17th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Plumas Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Plumas Bancorp (of which 1 is a bit unpleasant!) you should know about.