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Pioneer Bancorp, Inc. operates as a holding company for Pioneer Bank, National Association that provides various banking products and services in New York. It accepts various deposit accounts, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. The company's loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage, consumer loans, home equity loans, and lines of credit. It also invests in securities, including U.S. treasury securities, fixed-rate mortgage-backed securities and collateralized mortgage obligations, fixed-rate investment grade bonds, and corporate debt securities. In addition, the company offers personal and commercial insurance products, including homeowners, automobile, and comprehensive business insurance; employee benefit products and consulting services, such as group health, dental, disability, and life insurance products; defined contribution and benefit administration, and human resource management services; and wealth management services comprising investment advice, retirement income planning, estate planning, business succession, and employer retirement planning. Pioneer Bancorp, Inc. was founded in 1889 and is based in Albany, New York. Pioneer Bancorp, Inc. operates as a subsidiary of Pioneer Bancorp MHC.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $96M | - | $20M | $9M | 6.3% | 25.2% | 32.9% |
| 2024 | $77M | - | $15M | $23M | 5.1% | -3.5% | -30.5% |
| 2023 | $80M | - | $22M | $26M | 8.2% | 41.2% | 113.5% |
| 2022 | $56M | - | $10M | $49M | 4.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 56.45 | 79.69 | 76.89 | 96.29 |
| Operating Revenue | - | 56.45 | 79.69 | 76.89 | 96.29 |
| Selling General And Administration | - | 22.93 | 30.01 | 31.96 | 36.87 |
| Interest Income | - | 43.84 | 71.03 | 88.32 | 109.53 |
| Interest Expense | - | 1.46 | 5.49 | 21.80 | 30.38 |
| Net Interest Income | - | 42.38 | 65.54 | 66.51 | 79.15 |
| Pretax Income | - | 13.34 | 27.86 | 19.41 | 26.49 |
| Tax Provision | - | 3.06 | 5.91 | 4.15 | 6.20 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.21 | 0 | 1.27 | -0.47 |
| Net Income Continuous Operations | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Net Income From Continuing And Discontinued Operation | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Net Income From Continuing Operation Net Minority Interest | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Net Income | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Net Income Common Stockholders | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Net Income Including Noncontrolling Interests | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Normalized Income | - | 10.99 | 21.95 | 10.58 | 21.82 |
| Diluted NI Availto Com Stockholders | - | 10.28 | 21.95 | 15.26 | 20.29 |
| Basic Average Shares | - | 25.13 | 25.17 | 25.19 | 24.47 |
| Diluted Average Shares | - | 25.13 | 25.17 | 25.22 | 24.57 |
| Reconciled Depreciation | - | 2.74 | 2.70 | 2.60 | 1.90 |
| Total Unusual Items | - | -0.92 | 0 | 5.95 | -2 |
| Total Unusual Items Excluding Goodwill | - | -0.92 | 0 | 5.95 | -2 |
| Special Income Charges | - | -1.20 | 0 | 5.95 | -2 |
| Other Special Charges | 4.50 | 1.20 | - | -5.95 | - |
| Impairment Of Capital Assets | - | - | - | - | 2 |
| Gain On Sale Of Security | - | 0 | 0.37 | -4.91 | 0 |
| General And Administrative Expense | - | 22.41 | 29.19 | 31.23 | 35.86 |
| Other Gand A | 3.69 | 4.07 | - | - | - |
| Salaries And Wages | - | 20.83 | 27.42 | 29.22 | 33.95 |
| Insurance And Claims | - | 1.58 | 1.76 | 2 | 1.91 |
| Selling And Marketing Expense | - | 0.52 | 0.82 | 0.73 | 1.01 |
| Occupancy And Equipment | - | 7.27 | 7.25 | 7.46 | 7.62 |
| Professional Expense And Contract Services Expense | - | 3.51 | 4.74 | 11.07 | 8.76 |
| Other Non Interest Expense | - | 8.76 | 9.84 | 10.25 | 10.85 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Pioneer Bancorp, Inc.this co. | PBFS | $394M | 19.42↑ premium | 1.22 | 6.3% | - |
| West Bancorporation, Inc. | WTBA | $407M | 12.50 | 1.53 | 12.2% | - |
| RBB Bancorp | RBB | $406M | 12.71 | 0.78 | 6.1% | - |
| Commercial Bancgroup, Inc. | CBK | $400M | 10.75 | 1.40 | 13.0% | - |
| Investar Holding Corporation | ISTR | $395M |
| - |
| - |
| - |
| - |
| - |
| 17.24 |
| 1.46 |
| 8.5% |
| - |
| First Bank | FRBA | $392M | 8.97 | 0.88 | 9.8% | - |
| Farmers & Merchants Bancorp, Inc. | FMAO | $384M | 11.66 | 1.03 | 8.9% | - |
| NewtekOne, Inc. | NEWT | $382M | 6.32 | 1.09 | 17.3% | - |
| Plumas Bancorp | PLBC | $375M | 12.66 | 1.44 | 11.3% | - |
| Peer Median | - | 12.08 | 1.25 | 10.6% | - | |