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Pinnacle Bancshares reports fiscal results.

Global Banking News-March 10, 2016--Pinnacle Bancshares reports fiscal results

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Global Banking News - 10 March 2016

Pinnacle Bancshares Inc. (OTC Pink: PCLB), the parent of Pinnacle Bank, which has seven offices located in central and northwest Alabama, has reported results of operations for the fourth quarter and year ended December 31, 2015.

For the three months ended December 31, 2015, Pinnacle reported net income of USD489,000, compared to USD520,000 for the three months ended December 31, 2014. For the three months ended December 31, 2015, basic and diluted earnings were each USD0.42 per share. For the same period in 2014, basic and diluted earnings were each USD0.44 per share.

For the year ended December 31, 2015, net income was USD2.221m, compared with net income of USD2.027m in the prior year. Basic and diluted earnings were each USD1.88 per share for the year ended December 31, 2015. For 2014, basic and diluted earnings were each USD1.69 per share.

The company has paid dividends of USD0.11 and USD0.44 per share to shareholders during the three months and year ended December 31, 2015, and 2014.

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Publication:Global Banking News (GBN)
Date:Mar 10, 2016
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