{"id":48555,"date":"2026-07-31T03:17:00","date_gmt":"2026-07-31T01:17:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=06bff348f70b593c388fb907aed25e57"},"modified":"2026-07-31T03:17:00","modified_gmt":"2026-07-31T01:17:00","slug":"pinnacle-bank-announces-earnings-for-second-quarter-of-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=48555","title":{"rendered":"Pinnacle Bank Announces Earnings for Second Quarter of 2026"},"content":{"rendered":"

GILROY, Calif.--(BUSINESS WIRE)--Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the second quarter ended June 30, 2026 of $1,482,000 compared to net income of $1,319,000 in the prior quarter.<\/p><\/a><\/a>

\nAs of June 30, 2026, total assets were $937.0 million, a 6% increase from $878.1 million as of June 30, 2025.<\/p>

\nTotal loans were $576.4 million as of June 30, 2026, compared to $565.5 million as of June 30, 2025. The allowance for loan losses was $7.293 million, or 1.27% of net loans, as of June 30, 2026, compared to $6.905 million, or 1.22% of net loans, as of June 30, 2025.<\/p>

\nTotal deposits were $810.3 million as of June 30, 2026, a 7% increase from $759.3 million as of June 30, 2025.<\/p>

\n\u201cPinnacle Bank\u2019s 7% deposit growth reflects the continued trust local businesses and nonprofits place in our relationship-based approach,\u201d stated Jeffrey Payne, President and Chief Executive Officer. \u201cAcross the Salinas Valley and Silicon Valley, we remain committed to supporting entrepreneurs and business owners with responsive banking solutions that help them manage cash flow, invest, and grow. Looking ahead, we are encouraged by the strength of our client relationships and the continued momentum of our professional bankers, directors, advisors, and loyal clients.\u201d<\/p>

\nThe Bank\u2019s capital position remains above regulatory guidelines for well-capitalized banks. At June 30, 2026, total capital ratio was 17.54%. Book value per share as of June 30, 2026 was $18.34.<\/p>

\nFor more information, please go to www.pinnacle.bank<\/a>, click on Investor Relations, and review the June 2026 call report.<\/p>

\nAbout Pinnacle Bank<\/i><\/b><\/p>

\nPinnacle Bank is a full-service business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito and Monterey counties. The bank focuses on commercial banking services for businesses and nonprofit organizations, offering a variety of products and services that combine the best of personal touch with convenient technology-based delivery. Pinnacle Bank has locations in Morgan Hill, Gilroy, Salinas and Campbell. For more information please go to www.pinnacle.bank<\/a> and click on Investor Relations.<\/i><\/p>

\nForward-Looking Statements<\/i><\/b><\/p>

\nThis release may contain forward-looking statements, such as, among others, statements about plans, expectations and goals concerning growth and improvement. Forward-looking statements are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, including the real estate market in our primary service area and more generally in California and other factors beyond the Bank's control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management's view only as of the date hereof. Pinnacle Bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.<\/i><\/p>\n\n\n\n\n\n\n\n\n\n\n

\nSummary Balance Sheet<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nYear over year change<\/p><\/td><\/tr>\n

\n(Unaudited, dollars in thousands)<\/i><\/p><\/td>

\n6\/30\/2026<\/p><\/td>

\n3\/31\/2026<\/p><\/td>

\n6\/30\/2025<\/p><\/td>

\n$<\/p><\/td>

\n%<\/p><\/td><\/tr>\n

\nTotal assets<\/p><\/td>

\n$<\/p><\/td>

\n936,970<\/p><\/td>

\n$<\/p><\/td>

\n945,774<\/p><\/td>

\n$<\/p><\/td>

\n878,109<\/p><\/td>

\n$<\/p><\/td>

\n58,861<\/p><\/td>

\n7%<\/p><\/td><\/tr>\n

\nTotal loans<\/p><\/td>

\n$<\/p><\/td>

\n576,411<\/p><\/td>

\n$<\/p><\/td>

\n566,888<\/p><\/td>

\n$<\/p><\/td>

\n565,492<\/p><\/td>

\n$<\/p><\/td>

\n10,919<\/p><\/td>

\n2%<\/p><\/td><\/tr>\n

\nAllowance for loan losses<\/p><\/td>

\n$<\/p><\/td>

\n(7,293)<\/p><\/td>

\n$<\/p><\/td>

\n(12,971)<\/p><\/td>

\n$<\/p><\/td>

\n(6,905)<\/p><\/td>

\n$<\/p><\/td>

\n(388)<\/p><\/td>

\n6%<\/p><\/td><\/tr>\n

\nNon-interest bearing deposits<\/p><\/td>

\n$<\/p><\/td>

\n247,335<\/p><\/td>

\n$<\/p><\/td>

\n251,656<\/p><\/td>

\n$<\/p><\/td>

\n262,071<\/p><\/td>

\n$<\/p><\/td>

\n(14,736)<\/p><\/td>

\n-6%<\/p><\/td><\/tr>\n

\nInterest-bearing deposits<\/p><\/td>

\n$<\/p><\/td>

\n562,983<\/p><\/td>

\n$<\/p><\/td>

\n571,850<\/p><\/td>

\n$<\/p><\/td>

\n497,242<\/p><\/td>

\n$<\/p><\/td>

\n65,741<\/p><\/td>

\n13%<\/p><\/td><\/tr>\n

\nTotal deposits<\/p><\/td>

\n$<\/p><\/td>

\n810,318<\/p><\/td>

\n$<\/p><\/td>

\n823,506<\/p><\/td>

\n$<\/p><\/td>

\n759,313<\/p><\/td>

\n$<\/p><\/td>

\n51,005<\/p><\/td>

\n7%<\/p><\/td><\/tr>\n

\nShareholders' equity<\/p><\/td>

\n$<\/p><\/td>

\n109,506<\/p><\/td>

\n$<\/p><\/td>

\n107,908<\/p><\/td>

\n$<\/p><\/td>

\n104,111<\/p><\/td>

\n$<\/p><\/td>

\n5,395<\/p><\/td>

\n5%<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nSummary Income Statement<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n(Unaudited, dollars in thousands<\/i><\/p><\/td>

\nQuarter ended<\/p><\/td>

\nQuarter ended<\/p><\/td>

\nChange<\/p><\/td>

\nQuarter ended<\/p><\/td>

\nChange<\/p><\/td><\/tr>\n

\nexcept per share data)<\/i><\/p><\/td>

\n6\/30\/2026<\/p><\/td>

\n3\/31\/2026<\/p><\/td>

\n%<\/p><\/td>

\n6\/30\/2025<\/p><\/td>

\n%<\/p><\/td><\/tr>\n

\nInterest income<\/p><\/td>

\n$<\/p><\/td>

\n11,786<\/p><\/td>

\n$<\/p><\/td>

\n11,830<\/p><\/td>

\n-%<\/p><\/td>

\n$<\/p><\/td>

\n12,278<\/p><\/td>

\n-4%<\/p><\/td><\/tr>\n

\nInterest expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,641<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,504<\/p><\/td>

\n4%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,384<\/p><\/td>

\n8%<\/p><\/td><\/tr>\n

\nNet interest income<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,145<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,326<\/p><\/td>

\n-2%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,894<\/p><\/td>

\n-8%<\/p><\/td><\/tr>\n

\nProvision for loan losses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n\u00a0<\/p><\/td>

\n149<\/p><\/td>

\n-100%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n-<\/p><\/td>

\n-%<\/p><\/td><\/tr>\n

\nNon-interest income<\/p><\/td>

\n\u00a0<\/p><\/td>

\n46<\/p><\/td>

\n\u00a0<\/p><\/td>

\n499<\/p><\/td>

\n-91%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n600<\/p><\/td>

\n-92%<\/p><\/td><\/tr>\n

\nNon-interest expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,095<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,906<\/p><\/td>

\n-12%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,484<\/p><\/td>

\n-6%<\/p><\/td><\/tr>\n

\nIncome tax expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n614<\/p><\/td>

\n\u00a0<\/p><\/td>

\n451<\/p><\/td>

\n36%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n837<\/p><\/td>

\n-27%<\/p><\/td><\/tr>\n

\nNet income (loss)<\/p><\/td>

\n$<\/p><\/td>

\n1,482<\/p><\/td>

\n$<\/p><\/td>

\n1,319<\/p><\/td>

\n12%<\/p><\/td>

\n$<\/p><\/td>

\n2,173<\/p><\/td>

\n-32%<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBasic Earnings per share<\/p><\/td>

\n$<\/p><\/td>

\n0.25<\/p><\/td>

\n$<\/p><\/td>

\n0.22<\/p><\/td>

\n14%<\/p><\/td>

\n$<\/p><\/td>

\n0.37<\/p><\/td>

\n-32%<\/p><\/td><\/tr>\n

\nDiluted Earnings per share<\/p><\/td>

\n$<\/p><\/td>

\n0.25<\/p><\/td>

\n$<\/p><\/td>

\n0.22<\/p><\/td>

\n14%<\/p><\/td>

\n$<\/p><\/td>

\n0.36<\/p><\/td>

\n-31%<\/p><\/td><\/tr>\n

\nBook value per share<\/p><\/td>

\n$<\/p><\/td>

\n18.34<\/p><\/td>

\n$<\/p><\/td>

\n18.08<\/p><\/td>

\n1%<\/p><\/td>

\n$<\/p><\/td>

\n17.57<\/p><\/td>

\n4%<\/p><\/td><\/tr>\n

\nShares outstanding at period end<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,970,871<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,968,646<\/p><\/td>

\n-%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,926,716<\/p><\/td>

\n1%<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n

\nNonperforming assets<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nunaudited<\/i> <\/b>(dollars in thousands)<\/i><\/p><\/td>

\n6\/30\/2026<\/p><\/td>

\n3\/31\/2026<\/p><\/td>

\n6\/30\/2025<\/p><\/td><\/tr>\n

\nNonperforming assets<\/p><\/td>

\n$<\/p><\/td>

\n17,296<\/p><\/td>

\n$<\/p><\/td>

\n21,911<\/p><\/td>

\n$<\/p><\/td>

\n11,508<\/p><\/td><\/tr>\n

\n\n\n\n\n\n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n
\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nMinimum<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\nrequired to be<\/p><\/td><\/tr>\n

\nCapital Ratios<\/b><\/p><\/td>

\n6\/30\/2026<\/p><\/td>

\n3\/31\/2026<\/p><\/td>

\n6\/30\/2025<\/p><\/td>

\nwell-capitalized<\/p><\/td><\/tr>\n

\nTier 1 leverage ratio<\/p><\/td>

\n11.88%<\/p><\/td>

\n11.87%<\/p><\/td>

\n12.04%<\/p><\/td>

\n5.00%<\/p><\/td><\/tr>\n

\nCommon Equity Tier 1 capital ratio<\/p><\/td>

\n16.45%<\/p><\/td>

\n16.46%<\/p><\/td>

\n16.44%<\/p><\/td>

\n6.50%<\/p><\/td><\/tr>\n

\nTier 1 capital ratio<\/p><\/td>

\n16.45%<\/p><\/td>

\n16.46%<\/p><\/td>

\n16.44%<\/p><\/td>

\n8.00%<\/p><\/td><\/tr>\n

\nTotal capital ratio<\/p><\/td>

\n17.54%<\/p><\/td>

\n17.71%<\/p><\/td>

\n17.52%<\/p><\/td>

\n10.00%<\/p><\/td><\/tr>\n<\/table>

\n\u00a0<\/p> Contacts<\/b>

\nMedia Contact:<\/i>Pinnacle Bank<\/i>Jeffrey D. Payne, President & CEO<\/i>408-762-7146<\/i><\/p>","protected":false},"excerpt":{"rendered":"

GILROY, Calif.–(BUSINESS WIRE)–Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the second quarter ended June 30, 2026 of $1,482,000 compared to net income of $1,319,000 in the prior quarter.
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