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Pinnacle Bankshares Corporation Announces 2025 4th Quarter & Record High Full-Year Earnings

PPBN
  • Net income for the fourth quarter of 2025 was $2,829,000 ($1.27 per share), representing a 1% increase from the same period in 2024.
  • Full-year 2025 net income reached a record high of $10,772,000 ($4.85 per share), a 17% increase from 2024, or 28% excluding 2024 Bank Owned Life Insurance proceeds.
  • Net interest income increased 13% to $40.124 million for the full year, while the net interest margin expanded to 4.09%.
  • Provision for credit losses decreased to $308,000 for the full year due to lower loan growth & strong asset quality.
  • Noninterest income increased 10% excluding BOLI proceeds, driven by higher First National Advisors commissions & debit card interchange fees.
  • Noninterest expense rose 9% primarily due to higher salaries, benefits, occupancy costs, & software expenses.
  • Total assets grew 2% to $1.065 billion, driven by a $20.4 million increase in deposits & a $28.4 million increase in loans.
  • The company paid off $10 million in subordinated debt & a promissory note in September 2025 to avoid higher repricing rates.
  • Stock price ended 2025 at $45.50 per share, a 45.8% increase from the prior year, with a record high of $46.49 reached in Q4.
  • Non-performing loans decreased to 0.20% of total loans, while the allowance for credit losses coverage ratio improved to 349%.
  • Total stockholders' equity increased to $89.4 million, supported by 2025 profitability & market value increases in securities & pension assets.
  • Pinnacle Bankshares Corporation operates 19 branches across Central & Southern Virginia, including a new branch in South Boston opened in January 2025.