Pinnacle Bankshares Corporation Announces Record High 3rd Quarter & Year-to-Date 2023 Earnings

ALTAVISTA, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) — Net income for Pinnacle Bankshares Corporation (OTCQX:PPBN), the one-bank holding company (the “Company” or “Pinnacle”) for First National Bank (the “Bank”), was a record high $2,794,000, or $1.27 per basic and diluted share, for the third quarter of 2023. Net income for the nine months ended September 30, 2023, was $7,483,000, or $3.41 per basic and diluted share, also a record high.   In comparison, net income was $2,398,000, or $1.10 per basic and diluted share, and $5,681,000, or $2.61 per basic and diluted share, respectively, for the same periods of 2022.   Consolidated results for the quarter and nine-month periods are unaudited.

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