Plumas Bancorp Reports $7.6 Million Net Income for Q1 2023

Plumas Bancorp,(PLBC) the parent company o f Plumas Bank, recently released its unaudited condensed consolidated financial statements for the first quarter ended March 31, 2023. The financial data reveals a net income of $7.6 million for the quarter, reflecting the bank's solid performance amidst economic challenges. Additionally, the company reported revenue of $17.8 million during the same period, showcasing a robust financial position.

Net Income/Loss

During the first quarter of 2023, Plumas Bancorp achieved a net income of $7.6 million. This positive figure reflects the bank's ability to navigate the financial landscape efficiently and generate substantial profits. Compared to the same period in the previous year, the net income demonstrated significant growth, reflecting the bank's effective strategies and prudent financial management.

Revenue