Overview

• U.S. community bank's Q2 EPS beat analyst expectations on record earnings

• Net interest income rose, driven by loan growth and Cornerstone acquisition

• Loans and deposits surged, reflecting impact of Cornerstone acquisition

Outlook

• Company did not provide specific guidance for future quarters or full-year results in press release

Result Drivers

• CORNERSTONE ACQUISITION - Q2 results reflect significant increases in loans and deposits, net interest income, and non-interest income, primarily due to the Cornerstone Community Bank acquisition

• HIGHER LOAN YIELDS - Average loan yields increased, aided by discount amortization on acquired loans and repricing of commercial real estate loans

Company press release: ID:nGNX5LGFQR

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 EPS	Beat	$1.41	$1.35 (3 Analysts)

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Plumas Bancorp is $60.00, about 2.9% above its July 14 closing price of $58.32

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

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