Pinnacle Bank Announces Earnings for Second Quarter of 2023

GILROY, Calif.--(BUSINESS WIRE)--Pinnacle Bank (OTCQB: PBNK), headquartered in Gilroy, California, announced today unaudited net income for the three months ended September 30, 2023 of $2,926,000, an increase of 17% compared to net income of $2,494,000 for the same period in 2022. As of September 30, 2023, total assets were $843.5 million, an 8% increase from the $781.2 million at September 30, 2022. Gross loans were $538.4 million at September 30, 2023, an increase of $52.3 million (11%) from