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Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2026
Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2026.
About this update from Pinnacle Bancshares, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Pinnacle Bancshares Announces Results for First Quarter Ended March 31, 2026\r\n \r\n \r\n\r\n\r\nPinnacle Bancshares Announces Results for First Quarter Ended March 31, 2026\r\n\r\n\r\n\r\n\r\n\r\n JASPER, Ala.--(BUSINESS WIRE)--\r\nRobert B. Nolen, Jr., President and Chief Executive Officer of Pinnacle Bancshares, Inc. (OTCID: PCLB), today announced the Company’s results of operations for the first quarter ended March 31, 2026:\r\n\r\n\r\n \r\n \r\nFor the three months ended March 31, 2026, Pinnacle’s basic/diluted earnings per share was $1.20 as compared to $1.13 per share for the three months ended March 31, 2025. Net income for the three months ended March 31, 2026 was $1,080,000 as compared to $1,018,000 for the three months ended March 31, 2025.\r\n\r\n\r\n \r\nFor the three months ended March 31, 2026, return on average assets was 1.17%, compared to 1.16% for the three months ended March 31, 2025.\r\n\r\n\r\n \r\n \r\nThe Company’s net interest margin was 3.26% for the three months March 31, 2026, compared to 3.33% for the three months ended March 31, 2025.\r\n\r\n\r\n \r\nAt March 31, 2026, the Company’s allowance for loan losses as a percent of total loans was 1.46%, compared to 1.52% at December 31, 2025. There were $59,000 and $22,000 nonperforming assets at March 31, 2026 and December 31, 2025, respectively.\r\n\r\n\r\n \r\nPinnacle Bank was classified as “well capitalized” at March 31, 2026. All capital ratios are significantly higher than the requirements for a well-capitalized institution. As of March 31, 2026, the Bank’s common equity Tier 1 capital and Tier 1 risk-based capital ratios were each 19.46% and its total capital ratio and Tier 1 leverage was 20.32% and 11.37%, respectively.\r\n\r\n\r\n \r\nDividends of $.27 per share were paid to shareholders during the first quarter of 2026 as well as the first quarter 2025.\r\n\r\n\r\n \r\nManagement believes that the Company has sufficient liquidity through its low loan to deposit ratio at March 31, 2026, as well as available funding from outside sources. Our net funding availability, as a percentage of our franchise funding, is 99.40% as compared to our established minimal limit of 25%. In addition, the Bank provides access to additional FDIC insurance coverage for accounts that would otherwise e...