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Complete financial analysis of Pinnacle Bank (PBNK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Pinnacle Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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Pinnacle Bank (PBNK)
About Pinnacle Bank
Pinnacle Bank, a commercial bank, provides various depository and credit services in Santa Clara, San Benito, and Monterey counties. The company offers checking, savings, money market, sweep, and individual retirement accounts, as well as certificates of deposit and certificates of deposit account registry services. It also provides home equity lines of credit and single family home construction loans; and loans and lines of credit, letters of credit, commercial real estate, and government assisted loans, as well as credit cards. In addition, the company offers automated teller machine cards/debit cards, debit card protection products, and safe deposit boxes; cash management products, such as online and mobile banking, online bill payment, mobile check deposit, automated clearing house (ACH) origination, remote deposit capture, night depository box, positive pay, ACH fraud filter, merchant card processing, wire transfer, and foreign currency services; and asset based lending covering accounts receivable financing, factoring, and purchase order financing services. It serves individual and business customers, as well as nonprofit organizations in Morgan Hill, Gilroy, Salinas, and Campbell. Pinnacle Bank was founded in 2005 and is headquartered in Gilroy, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 40.95M | 32.80M | 30.16M | 23.95M | 22.84M | 19.89M | 17.51M | 13.51M | 9.78M | 9.21M | 8.20M | 6.25K |
| Cost of Revenue | -9.87M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 50.82M | 32.80M | 30.16M | 23.95M | 22.84M | 19.89M | 17.51M | 13.51M | 9.78M | 9.21M | 8.20M | 6.25K |
| Gross Profit Ratio | 124.11% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 18.63M | 16.46M | 16.42M | 13.45M | 11.99M | 10.26M | 9.21M | 8.39M | 7.09M | 4.83M | 4.16M | 0.00 |
| Selling & Marketing | 652.94K | 572.29K | 397.67K | 361.66K | 462.19K | 377.28K | 331.35K | 295.10K | 247.06K | 233.89K | 224.30K | 0.00 |
| SG&A | 19.28M | 17.03M | 16.82M | 13.82M | 12.45M | 10.64M | 9.54M | 8.68M | 7.34M | 4.83M | 4.16M | 0.00 |
| Other Expenses | 21.82M | -37.90M | -36.06M | -32.02M | -27.16M | -22.53M | -20.83M | -18.02M | -15.37M | -12.45M | -11.60M | 0.00 |
| Operating Expenses | 41.10M | -20.87M | -19.24M | -18.21M | -14.71M | -11.89M | -11.30M | -9.34M | -8.03M | -7.62M | -7.44M | 6.03K |
| Cost & Expenses | 41.10M | -20.87M | -19.24M | -18.21M | -14.71M | -11.89M | -11.30M | -9.34M | -8.03M | -7.62M | -7.44M | 6.03K |
| Interest Income | 46.68M | 31.92M | 24.12M | 22.18M | 21.45M | 17.24M | 13.99M | 10.70M | 8.72M | 8.30M | 7.68M | 0.00 |
| Interest Expense | 9.54M | 2.02M | 1.05M | 1.89M | 1.71M | 551.79K | 295.30K | 279.84K | 306.79K | 317.47K | 332.83K | 0.00 |
| Depreciation & Amortization | 2.23M | 845.00K | 773.00K | 646.00K | 566.00K | 506.00K | 436.00K | 338.04K | 380.48K | 371.24K | 361.75K | -217.00 |
| EBITDA | 18.77M | 14.80M | 13.14M | 8.03M | 10.56M | 7.97M | 6.69M | 4.84M | 2.13M | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 45.85% | 45.12% | 43.57% | 31.77% | 38.20% | 42.85% | 38.09% | 35.66% | 24.91% | 24.82% | 17.66% | 0.00% |
| Operating Income | 16.55M | 11.94M | 10.92M | 5.74M | 8.13M | 8.00M | 6.21M | 4.17M | 1.75M | 1.60M | 753.51K | 217.00 |
| Operating Income Ratio | 40.41% | 36.39% | 36.22% | 23.98% | 35.59% | 40.23% | 35.46% | 30.86% | 17.89% | 17.35% | 9.19% | 3.47% |
| Total Other Income/Expenses | 1.00 | 0.00 | 0.00 | -421.25K | -14.50M | 0.00 | -316.19K | 0.00 | 0.00 | -7.62M | -7.27M | 0.00 |
| Income Before Tax | 16.55M | 11.94M | 10.92M | 5.74M | 8.13M | 7.45M | 5.91M | 4.17M | 1.75M | 1.60M | 753.51K | 217.00 |
| Income Before Tax Ratio | 40.41% | 36.39% | 36.22% | 23.98% | 35.59% | 37.45% | 33.78% | 30.86% | 17.89% | 17.35% | 9.19% | 3.47% |
| Income Tax Expense | 4.78M | 3.48M | 3.17M | 1.80M | 2.56M | 2.10M | 2.95M | 1.71M | 721.70K | 632.60K | -5.70M | 27.00 |
| Net Income | 11.77M | 8.45M | 7.75M | 3.94M | 5.56M | 5.35M | 2.96M | 2.46M | 1.03M | 965.66K | 6.45M | 190.00 |
| Net Income Ratio | 28.75% | 25.77% | 25.69% | 16.46% | 24.36% | 26.91% | 16.90% | 18.22% | 10.51% | 10.48% | 78.68% | 3.04% |
| EPS | 2.07 | 1.55 | 1.45 | 0.75 | 1.09 | 1.20 | 0.76 | 0.65 | 0.28 | 0.26 | 1.76 | 0.04 |
| EPS Diluted | 2.06 | 1.52 | 1.42 | 0.74 | 1.06 | 1.16 | 0.73 | 0.62 | 0.26 | 0.24 | 1.66 | 0.04 |
| Weighted Avg Shares Out | 5.69M | 5.44M | 5.34M | 5.24M | 5.12M | 4.47M | 3.92M | 3.82M | 3.71M | 3.69M | 3.68M | 5.22K |
| Weighted Avg Shares Out (Dil) | 5.72M | 5.55M | 5.46M | 5.32M | 5.23M | 4.62M | 4.06M | 3.97M | 3.94M | 3.95M | 3.89M | 5.22K |
RESTATING: Pinnacle Bank Announces Earnings for Third Quarter of 2024
Pinnacle Bank Announces Earnings for Third Quarter of 2024
Pinnacle Bank Announces that Edward J. Rossi Has Been Elected Vice Chairman of the Board
Pinnacle Bank Announces Earnings for First Quarter of 2024
Pinnacle Bank Announces Record Earnings for 2023
CORRECTING and REPLACING Pinnacle Bank Announces Earnings for Third Quarter of 2023
Pinnacle Bank Announces Earnings for Second Quarter of 2023
ASM Global-Managed Pinnacle Bank Arena Posts Record Revenue in 10th Anniversary Year
Pinnacle Bank Announces Earnings for Second Quarter of 2023
Deanna Franklin joins Pinnacle Bank as Senior Vice President, Senior Relationship Manager
Source: https://incomestatements.info
Category: Stock Reports