Pinnacle Bank Reports Q3 Net Income of $1.08 Million

Reuters
2025/10/31
<a href="https://laohu8.com/S/PBNK">Pinnacle Bank</a> Reports Q3 Net Income of $1.08 Million

Pinnacle Bank reported unaudited net income of $1.1 million for the third quarter of 2025, compared to $0.2 million in the same period of 2024. As of September 30, 2025, total assets were $905.7 million, up 2% from $891.4 million a year earlier. Total deposits reached $785.0 million, a 1% increase from $780.9 million at September 30, 2024. Gross loans stood at $568.4 million, an 8% decrease from $614.6 million at September 30, 2024. The allowance for credit losses was $8.9 million or 1.6% of net loans, compared to $7.3 million or 1.2% of net loans a year earlier. The provision for credit losses for the third quarter of 2025 was $2.0 million. Nonaccrual loans at September 30, 2025, included $8.1 million in commercial real estate hotel loans and $5.6 million in asset-based commercial loans, compared to $8.4 million in commercial real estate hotel loans a year earlier. The bank's total capital ratio was 17.8%, and book value per share was $17.8 at September 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pinnacle Bank published the original content used to generate this news brief via Business Wire (Ref. ID: 20251030301597) on October 30, 2025, and is solely responsible for the information contained therein.

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