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Pinnacle Bancshares reports fiscal results.

Global Banking News-March 3, 2015--Pinnacle Bancshares reports fiscal results

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Global Banking News - 03 March 2015

Pinnacle Bancshares Inc. (OTCBB: PCLB) has announced the results of its operations for the fourth quarter and year ended December 31, 2014:

For the three months ended December 31, 2014, Pinnacle reported net income of USD520,000, compared to USD484,000 for the three months ended December 31, 2013. Net interest income before the provision for loan losses for the three months ended December 31, 2014 was USD1.618m, compared with USD1.746m in the same period last year. For the year ended December 31, 2014, net income was USD2.027m, compared with net income of USD1.942m in the prior year.

For the three months ended December 31, 2014, basic and diluted earnings were each USD0.44 per share, as compared to basic and diluted earnings of USD0.40 per share each for the same period in 2013. Basic and diluted earnings were each USD1.69 per share for the year ended December 31, 2014 as compared to basic and diluted earnings of USD1.61 per share in 2013.

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Publication:Global Banking News (GBN)
Date:Mar 3, 2015
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