Start here if you're new
what it is
Pioneer Bancorp collects deposits and makes loans across six New York counties through 22 retail banking offices.
how it gets paid
Last year Pioneer Bancorp made $16M in revenue.
why it's growing
Revenue grew 88.3% last year. The quarter looked strong against a weak comparison period.
what just happened
Revenue hit $11M, up 210% vs. prior year, while EPS rose to $0.67 from the prior year's smaller base.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
35/100 earnings predictability — expect surprises
16.2x trailing p/e — the market's not buying it — or you found a deal
$0.61 fy2024 eps est
$6M fy2024 rev est
xvary composite: 72/100 — average
What they do
Pioneer Bancorp collects deposits and makes loans across six New York counties through 22 retail banking offices.
Pioneer wins the old-fashioned way: it is physically in your market. It has 22 offices across Albany, Greene, Rensselaer, Saratoga, Schenectady, and Warren Counties, according to the company description. Community banking moat (local customer relationships) → people keep their checking account, mortgage, and business loan with the bank they already know → so what: a tiny bank with 253 employees can keep gathering deposits and making loans in one region without fighting every national bank on price.
How they make money
$16M
annual revenue · their business grew +88.3% last year
total revenue
$16M
+88.3%
The products that matter
business lending and treasury services
Commercial Banking
$1.67B loan book
This is the balance-sheet engine. Your core asset base is a $1.67B loan portfolio, and its credit performance decides whether the earnings hold up.
core earnings driver
consumer deposits and household lending
Retail Banking
$2.15B assets
Retail banking supplies the deposit funding that makes lending possible. For a bank this size, cheap and sticky deposits matter as much as loan growth.
funding base
investment and advisory services
Pioneer Capital Markets
$14.4M non-interest income
This is the attempt to be more than a pure spread lender. The problem is scale: non-interest income is just $14.4M versus $78.2M of net interest income.
diversification bet
Key numbers
16.2x
trailing p/e
You are paying 16.2 times trailing earnings for a tiny regional bank, which is not cheap if EPS falls from $0.85 to $0.61.
$16M
annual revenue
That is the whole revenue base. Small banks do not need a huge problem for the math to get ugly.
22
bank offices
Those branches are the distribution system. In community banking, physical presence still matters because local deposits still matter.
$0.61
fy2024 eps est
That estimate sits 28.2% below trailing EPS of $0.85, which is the cleanest warning that earnings may already be cooling.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 2 — safer than 80% of stocks
- price stability 90 / 100
B++ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for PBFS right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $11M, up 210% vs. prior year, while EPS rose to $0.67 from the prior year's smaller base.
The quarter looked strong against a weak comparison period. The bigger picture is messier: trailing EPS is $0.85, but fiscal 2024 EPS is estimated at $0.61, according to the source data.
$11M
revenue
$0.67
eps
210%
revenue growth
the number that mattered
$11 million matters because this bank only generated $16 million in annual revenue, so one strong quarter can reshape the whole year.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is credit deterioration in a $1.67B community-bank loan book.
high
Credit costs move first
PBFS has set aside 1.51% of its $1.67B loan portfolio for losses, or about $25.2M. If nonperforming loans rise and that reserve needs to grow, the hit lands directly in earnings.
This risk sits against the bank's core asset. There is nowhere else for you to hide.
med
Rate pressure can squeeze the spread
Net interest income is $78.2M, or 84.5% of the revenue mix shown on this page. When deposit costs rise faster than loan yields, that spread gets thinner and profitability follows it down.
Because fee income is only $14.4M, there is limited diversification if the core spread weakens.
med
Thin trading can distort the stock
The company has already noted that the shares are not heavily traded. In human-speak: a small order can move the price, and getting out may be harder than getting in.
That matters more in a $344M market-cap bank than in a liquid large-cap financial.
med
The diversification story may stay small
Management's "More Than a Bank" angle only goes so far if non-interest income stays at $14.4M. Right now the revenue mix still says plain regional bank.
If the side businesses do not scale, you should value PBFS on traditional community-bank economics and nothing fancier.
A reserve increase, a spread squeeze, or both would pressure the earnings stream supporting a $344M equity value.
source: institutional data · regulatory filings · risk analysis
Pay attention to
credit
Loss allowance versus the current 1.51%
This is the cleanest early-warning signal on the page. If reserves start climbing above the current $25.2M equivalent, the market will assume the loan book is getting worse before management says it outright.
profitability
Net interest income staying ahead of deposit pressure
With $78.2M of net interest income versus $14.4M of fee income, the spread business is the business. If that core line rolls over, the whole snapshot changes.
filings
The next annual and quarterly filings
The 10-K filed on 3/12/2025 is where the real credit story showed up. Your next checkpoint is whether updated filings still support the same reserve and loan-quality narrative.
strategy
Whether non-interest income becomes more than a talking point
At $14.4M, fee income is still small. If Pioneer Capital Markets or other advisory lines actually scale, the stock gets a better business mix. If not, welcome to traditional small-bank math.
Analyst rankings
earnings predictability
35 / 100
A 35 / 100 predictability score means earnings are harder to model than the average steady bank. In human-speak, analysts do not see this as a clean, autopilot story.
risk rank
2
Risk rank 2 means the source system views PBFS as safer than most stocks. That says more about stock-level volatility than about the loan book being untouchable.
source: institutional data
Institutional activity
institutional ownership data for PBFS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$13
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive