Pinnacle Bankshares Corporation Announces 2nd Quarter/Mid-Year 2024 Earnings

July 26, 2024

ALTAVISTA, Va., July 26, 2024 (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 $2,208,000, or $1.00 per basic and diluted share, for the second quarter of 2024. Net income for the six months ended June 30, 2024 was $4,292,000, or $1.94 per basic and diluted share. In comparison, net income was $2,051,000, or $0.93 per basic and diluted share, and $4,690,000, or $2.14 per basic and diluted share, respectively, for the same periods of 2023. Consolidated results for the quarter and the year are unaudited.

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