Pioneer Bancorp, Inc. (PBFS) Stock

Pioneer Bancorp, Inc. (PBFS) is a Financials stock trading at $18.27 (as of 2026-09-02), with a market capitalization of $453.86M and a trailing P/E of 26.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Pioneer Bancorp, Inc. operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, one- to four-family residential real estate, home equity, and consumer loans; and home equity lines of credit. The company also invests in the U.S. governmental securities, fixed rate collateralized mortgage obligations, mortgage-backed securities, fixed-rate investment grade bonds, and equity securities. In addition, the company offers personal and commercial insurance products, including homeowners, automobile, and comprehensive business insurance; employee benefit products and services, such as group health, dental, disability, and life insurance products, as well as defined contribution, defined 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. It operates through a network of 22 retail banking offices in Albany, Greene, Rensselaer, Saratoga, Schenectady, and Warren Counties in New York. The company was founded in 1889 and is based in Albany, New York. Pioneer Bancorp, Inc. operates as a subsidiary of Pioneer Bancorp, MHC.

Understand Pioneer Bancorp, Inc.: how it makes money

Pioneer Bancorp operates Pioneer Savings Bank, a New York community bank that gathers deposits and extends commercial, real estate, and consumer loans. It earns the interest spread between what it pays depositors and what borrowers repay, supplemented by fee income, across a network of local branches.

Pioneer's entire profit engine is the local interest-rate spread: it pays depositors a rate, lends at a higher rate to New York businesses and homeowners, and the difference (plus modest fees) is the bank's earnings. There is no product diversification or geographic hedge; the spread in one market, funded by one deposit base, drives everything.

Business quality (Unprofitable): The data flags the company as unprofitable on a bottom-line basis despite a positive operating margin, suggesting that provision charges, taxes, or other below-the-line items erase the operating surplus. A 6% ROE is thin for the risk taken on a loan book.

Bull case

  • Cost base far below income: The bank reports an operating margin of 112%, meaning its combined interest and fee income exceeds its operating expenses more than once over. For a small New York community bank with a limited branch footprint, that ratio signals a lean cost structure that leaves room to absorb modest credit losses without immediately threatening profitability.

Bear case

  • Margin positive but bottom line negative: Despite the 112% operating margin, the company is classified as overall unprofitable, indicating that loan-loss provisions, income taxes, or other charges below the operating line are consuming the entire spread income. If New York commercial real estate valuations soften even modestly, provisions could widen and the gap between a positive operating margin and negative net income would deepen.
Valuation — source: SEC EDGAR (first-party)
Price$18.27
Market Cap$453.86M
P/E Ratio26.9
EV / EBITDA15.4
Price / Book1.38
Price / Sales27.85
DCF Value (model)$11.00
DCF Upside vs Price-39.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$15.81M
Net Margin128.3%
Revenue Growth (YoY)7.3%
EPS Growth (YoY)-46.2%
Valuation vs Sector & Industry
Stock P/E26.9
Sector P/E (Financials)14.9
Industry P/E (Banking)12.7
vs Sector80.6%
vs Industry112.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderM3F, Inc. ($28.84M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOThomas L. Amell
Employees268
CountryUS
IPO Date2019-07-18

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PBFS earnings history · PBFS institutional & insider holders · PBFS KPIs & operating metrics · PBFS financials · PBFS investor presentations & press releases · PBFS SEC filings · PBFS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.