Pinnacle Bankshares Corporation Announces Record High 3rd Quarter/Year to Date 2026 Core Earnings

ALTAVISTA, Va., Oct. 26, 2026 (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 $3,581,000, or $1.66 per basic and diluted share, for the third quarter of 2026, while net income for the nine months ended September 30, 2026, was $13,095,000, or $6.02 per basic and diluted share. In comparison, net income was $2,992,000, or $1.34 per basic and diluted share, and $7,943,000, or $3.58 per basic and diluted share, respectively, for the same periods of 2025. Consolidated results for the quarter and the nine-month periods are unaudited. Net income for the nine months of 2026 was positively impacted by the sale of the Bank’s ownership interest in Bearing Insurance, LLC (Bearing Sale) during the second quarter of 2026, which generated a pretax gain of $3,752,000 ($2,964,000 after tax). Consolidated results for the quarter and the year are unaudited.