Plumas Bancorp rises as NII recovery drives jump in profit

Plumas Bancorp

20/04/2022 16:57

** Shares of Plumas Bancorp  PLBC.O  up nearly 3% at $37.10
    ** Co reports Q1 EPS of 97 cents, up from 85 cents a year
ago  urn:newsml:reuters.com:*:nGNX8LFDKW
    ** Jump in profit helped by 15% surge in net interest income
(NII), co says, after Fed hiked interest rates for first time
since 2018
    ** However, even as Fed's aggressive moves improve margins
for PLBC, excess liquidity will continue to be a headwind: CEO
Andrew Ryback
    ** YTD, PLBC shares have gained 3.7% 

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))