Pinnacle Bankshares Corporation Announces 2nd Quarter/Mid-Year 2023 Earnings

ALTAVISTA, Va., July 25, 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 $2,051,000, or $0.93 per basic and diluted share for the second quarter of 2023. Net income for the six months ended June 30, 2023, was $4,690,000, or $2.14 per basic and diluted share.   In comparison, net income was $1,892,000, or $0.87 per basic and diluted share, and $3,283,000, or $1.51 per basic and diluted share, respectively, for the same periods of 2022.   Consolidated results for the quarter and six-month periods are unaudited.

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