Pinnacle Bancshares, Inc. Reports Earnings Results for the Fourth Quarter Ended December 30, 2023
January 30, 2024 at 09:30 pm
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Pinnacle Bancshares, Inc. reported earnings results for the fourth quarter ended December 30, 2023. For the fourth quarter, the company reported net interest income was USD 2.74 million compared to USD 2.95 million a year ago. Net income was USD 0.981143 million compared to USD 1.02 million a year ago.
Basic earnings per share from continuing operations was USD 1.08 compared to USD 1.12 a year ago.
Pinnacle Bancshares, Inc. is a bank holding company whose principal activity is the ownership and management of its wholly owned subsidiary, Pinnacle Bank. The Bank is primarily in the business of obtaining funds in the form of various savings, demand deposit, and time deposit products and investing those funds in mortgage, consumer, and commercial loans. The Bank operates in seven offices in the central and northwest portions of Alabama and originates its loans in this market area. The Company offers various types of real estate loan products, including commercial real estate mortgage loans, loans for real estate construction and development, residential mortgage loans and other real estate mortgage loans. Its commercial non-real estate loan portfolio segment includes commercial, financial, agricultural and municipal tax-free loans. The Companyâs consumer loan portfolio segment includes direct consumer installment loans, overdrafts, and other revolving credit loans.
PINNACLE BANCSHARES, INC. 
