Plains Acquisition Corporation

Plains Acquisition Corporation

PLQC
Plains Acquisition CorporationUS flagOther OTC
69.00
USD
- -
- -
177.81MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
10.6
10.86
13.33
15.78
17.18
18.19
- -
Basic EPS, GAAP
3.1
3.48
4.79
6.52
6.83
6.72
- -
Free Cash Flow per Basic Share
3.06
4.48
4.11
7
8.27
7.99
- -
Dividend per Share
- -
- -
0.4
0.5
1.5
1.5
- -
Book Value per Share
16.01
19.5
23.9
30.02
34.32
38.6
- -
Tangible Book Value per Share
24.84
28.99
32.88
36.7
39.54
43.86
- -
Basic Weighted Avg Shares
2
2
2
2
2
3
- -
Sales/Revenue/Turnover
26
26
32
38
42
46
46
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
1
1
1
1
1
1
Net Income, GAAP
8
8
12
16
17
17
17
Effective Tax Rate (%)
24.11
21.83
20.59
20.21
21.93
21.28
21.26
Profit Margin (%)
29.22
32.06
35.95
41.31
39.76
36.91
37.97
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
20
20
23
20
20
Total Equity
64
74
83
92
108
121
137
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
19.62
22.08
24.13
21.43
18.66
16.7

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.23%
13.2%
Free Cash Flow
- -
13.5%
-13.84%
Net Income, GAAP
- -
16.62%
1.98%
Sales/Revenue/Turnover
- -
11.96%
-0.85%
Total Cash Common Dividend
- -
- -
35.24%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
42
2024
- -
- -
- -
- -
46
2025
- -
- -
- -
- -
46

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
6.83
2024
- -
- -
- -
- -
6.72
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.5
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Milan Saunders
Sector
Financial Services
Industry
Banks - Regional
Address
19404 Kenswick Drive Humble TX United States of America 77338
IPO Date
Jul 18, 2022
Business
Plains Acquisition Corporation (PLQC) operates as a bank holding company for Plains State Bank, a Texas state-chartered bank that provides a full range of banking products and services to small and medium-sized businesses and individuals primarily in the Houston area and select other Texas markets; core offerings include checking, savings, business and money market accounts; consumer loans such as new and used auto, home improvement and other personal financing; commercial loans encompassing startups, business acquisitions, commercial real estate, building construction, expansion and modernization, leasehold improvements, inventory and equipment purchases, refinancing, debt consolidation, working capital and lines of credit; treasury management services; certificates of deposit; consumer credit cards; online and mobile banking; and wealth management and tax preparation services through Plains Financial Services Inc., Plains Wealth Management division partnered with Raymond James, and Plains Tax Strategies. The company maintains full-service branches in Humble, Houston, Plains, Sugar Land and Conroe, Texas, alongside a branch in West Texas and a loan production office in San Antonio. Founded in 1957 as Plains State Bank in Plains, Texas, the holding company was established in 2008 by Chairman and CEO Milan B. Saunders, who led an investor group to acquire the bank and relocate its charter and headquarters to Humble, Texas, where it trades on the OTC Pink market under PLQC. Recent developments include the declaration of a $1.00 per share cash dividend payable March 31, 2025, reflecting strong year-to-date earnings per share of $4.85 as of September 30, 2024, with consolidated assets of $883.3 million, loans of $643.3 million, deposits of $745.3 million and capital of $133.2 million; the bank continues to emphasize financing innovation, flexible services and technology to serve small business owners across Texas without reported major acquisitions, partnerships or strategic shifts in the past 1-2 years.