Pinnacle Bank Announces Record Earnings for 2022

GILROY, Calif.--(BUSINESS WIRE)--OTCQB: PBNK - Pinnacle Bank, headquartered in Gilroy, California, announced today record unaudited net income for the year ended December 31, 2022 of $8,453,000, an increase of 9% over the 2021 net income of $7,750,000. Unaudited net income for the fourth quarter of 2022 was $3,107,000 compared to $2,494,000 in the third quarter of 2022 and $2,011,000 in the fourth quarter of 2021. As of December 31, 2022, total assets were $755.7 million, a 2% increase from the