Pioneer Bancorp (PBFS) AI Stock Analysis

• Market Cap: $342.80M
• Dividend Yield: N/A
• Average Volume (3M): 33.13K
• Price to Earnings (P/E): 21.7
• Beta (1Y): 0.37
• Revenue Growth: 28.90%
• EPS Growth: 31.84%
• Country: US
• Employees: 268
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.15
• Shares Outstanding: 25,076,801
• 10 Day Avg. Volume: 21,620
• 30 Day Avg. Volume: 33,132
• PEG Ratio: 0.60
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 3.45
• P/FCF Ratio: 9.44
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 2.85
• Enterprise Value/Ebitda: 9.53
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: $14.00 ▲(5.18% Upside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

PBFS scores as moderate overall: resilient financial positioning (low leverage and solid profitability) is tempered by notable cash flow deterioration and margin/ROE softening. Technical signals are the biggest near-term drag given bearish momentum, while valuation is only middling and recent buyback activity provides some support.

Positive Factors

Conservative balance sheet / low leverage

Very low debt-to-equity (~0.17) and rising equity provide a durable capital cushion for a regional bank. This structural strength supports lending capacity, regulatory resilience and flexibility in capital allocation over the medium term, reducing insolvency and funding risks.

Share repurchase program (up to 5%)

A committed buyback program (up to 5% of shares) signals disciplined capital allocation and provides a durable lever to return excess capital to shareholders. It gives management flexibility to optimize capital structure and can sustainably improve per-share metrics when excess capital is available.

Targeted executive incentive plan

A formal, performance-based incentive plan aligns executive pay with multi-dimensional performance metrics and retention needs. Structurally this improves governance and long-term strategy execution, making management outcomes more predictable and reinforcing accountability.

Negative Factors

Sharp free cash flow decline

A ~57% drop in free cash flow is a persistent concern: lower cash generation limits the bank's ability to fund loan growth, absorb credit losses, sustain buybacks or raise dividends without tapping capital markets. Reduced cash buffers increase medium-term funding and strategic risk.

Softening returns / lower ROE

Declining ROE signals reduced capital efficiency and weaker profitability versus the prior year. Persistently lower returns limit internal capital generation for growth and may pressure strategic options, making shareholder returns and reinvestment harder to sustain over months.

Top-line volatility and weak recent revenue growth

Inconsistent revenue performance—modest TTM growth but negative annual growth in 2024—implies fragile franchise momentum. Durable revenue volatility constrains operating leverage, makes margin recovery harder, and raises execution risk for medium-term earnings stability.

Pioneer Bancorp Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Pioneer Bancorp primarily makes money through (1) net interest income and (2) noninterest income, with profitability also influenced by credit costs and operating efficiency. 1) Net interest income (core earnings driver) - Loans: The bank earns interest and fees on loans made to customers. Typical community-bank lending categories include commercial and industrial lending, commercial real estate lending, residential real estate (including mortgages/home equity), and consumer lending; specific product mix: null. Net interest income is driven by loan balances, the yields earned on those loans, and the level of loan losses/charge-offs. - Investment securities and interest-earning cash: The bank also earns interest on its securities portfolio and cash balances held in interest-earning accounts. The size, duration, and credit quality of this portfolio affect interest income; specific portfolio composition: null. - Funding costs: The bank pays interest on deposits (e.g., interest-bearing checking, savings, money market, and time deposits) and on any borrowings it uses to fund assets. Net interest income is the spread between interest earned on assets (loans/securities) and interest paid on liabilities (deposits/borrowings). Changes in market interest rates, deposit mix (noninterest-bearing vs. interest-bearing), and competitive pricing all affect this spread. 2) Noninterest income (fees and service revenue) - Deposit and transaction fees: Service charges and fees associated with deposit accounts and customer transactions (e.g., account maintenance, overdraft/NSF, wire/ACH, and other payment-related fees); exact fee categories: null. - Other fee-based banking income: Income from other services the bank provides (e.g., debit/ATM-related fees, merchant services, or other customer service fees); specific offerings: null. 3) Key factors affecting earnings - Credit performance and provision expense: Loan defaults and expected credit losses reduce earnings through charge-offs and provisions for credit losses. - Balance-sheet growth and mix: Growth in loans and low-cost deposits generally supports earnings, while a shift toward higher-cost funding can compress margins. - Operating leverage: Branch footprint, staffing, and technology spending determine noninterest expense, affecting overall profitability. Significant partnerships contributing to earnings: null.

Pioneer Bancorp Financial Statement Overview

Summary

Solid overall fundamentals supported by low leverage (debt-to-equity ~0.17) and steady TTM profitability (~16% net margin). Offsetting this, margins and ROE have softened versus 2023 and free cash flow fell sharply (~57%), making cash generation the key risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue grew 3.3% and profitability remains solid, with a ~16.0% net margin and ~20.9% operating profit margin. That said, margins are down versus the stronger 2023 annual period (net margin ~25.8%), and the annual 2024 revenue growth was slightly negative, pointing to some volatility in the top-line trajectory.

Balance Sheet

The balance sheet looks conservatively positioned with low leverage: TTM debt-to-equity is ~0.17 and equity increased versus prior annual periods, supporting stability for a regional bank. Returns are moderate (TTM return on equity ~6.5%), below the stronger 2023 level (~8.2%), suggesting profitability is acceptable but not best-in-class.

Cash Flow

Cash generation is positive but has weakened: TTM operating cash flow is $11.1M and free cash flow is $8.8M, with free cash flow down ~57% versus the prior period. Free cash flow still covers most of earnings (about 79% of TTM net income), but the sharp decline in cash flow versus recent annual periods is a key watch item.

Breakdown	TTM	Sep 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	126.67M	88.12M	98.70M	85.18M	57.92M	59.68M
Gross Profit	92.59M	88.12M	74.19M	79.69M	57.00M	53.52M
EBITDA	27.67M	0.00	22.00M	30.55M	16.08M	5.52M
Net Income	20.29M	19.20M	15.26M	21.95M	10.28M	1.08M
Balance Sheet
Total Assets	2.16B	2.10B	1.90B	1.86B	1.96B	1.80B
Cash, Cash Equivalents and Short-Term Investments	354.11M	407.61M	408.96M	579.98M	854.38M	589.38M
Total Debt	54.42M	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.84B	1.78B	1.60B	1.59B	1.72B	1.56B
Stockholders Equity	323.86M	314.25M	296.53M	266.70M	242.63M	237.82M
Cash Flow
Free Cash Flow	8.80M	32.20M	23.01M	25.82M	49.19M	32.06M
Operating Cash Flow	11.12M	33.71M	23.85M	26.27M	49.97M	32.65M
Investing Cash Flow	-125.79M	-311.80M	-18.05M	-114.87M	-148.03M	-125.11M
Financing Cash Flow	151.83M	140.76M	8.91M	-136.98M	149.16M	260.51M

Pioneer Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBFS, the sentiment is Negative. The current price of 13.31 is below the 20-day moving average (MA) of 14.15, below the 50-day MA of 14.04, and above the 200-day MA of 13.17, indicating a neutral trend. The MACD of -0.16 indicates Positive momentum. The RSI at 41.52 is Neutral, neither overbought nor oversold. The STOCH value of 12.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PBFS.

Pioneer Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCB	70 Outperform	$308.55M	8.21	9.62%	3.57%	10.93%	42.68%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SFST	66 Neutral	$428.10M	10.51	8.63%	―	4.74%	86.27%
CBAN	62 Neutral	$412.32M	11.22	8.98%	2.55%	6.92%	26.93%
MVBF	62 Neutral	$322.02M	12.25	8.46%	2.61%	-14.00%	73.85%
PBFS	60 Neutral	$342.80M	21.68	6.48%	―	28.90%	31.84%
FSBW	56 Neutral	$287.31M	9.19	10.77%	3.17%	4.43%	-12.94%

Pioneer Bancorp Corporate Events

Pioneer Bancorp Adopts New Executive Targeted Incentive Plan

On December 16, 2025, Pioneer Bancorp, Inc. adopted a new Targeted Incentive Plan aimed at motivating, attracting and retaining key executives through performance-based cash incentive awards. Under the plan, the CEO and other executives designated by the compensation committee receive annual incentive targets set as a percentage of base salary, with payouts determined by a balanced scorecard of financial, operational and non-financial metrics, each assigned threshold, target and maximum performance levels; awards can range from zero up to 150% of target and are paid in cash by March 15 following each plan year, with forfeiture upon most terminations but prorated payments in cases of death, disability or retirement, and all awards subject to the company’s clawback policy.

The most recent analyst rating on (PBFS) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pioneer Bancorp stock, see the PBFS Stock Forecast page.

Pioneer Bancorp Announces Second Stock Repurchase Program

On December 17, 2025, Pioneer Bancorp, Inc. announced the adoption of its second stock repurchase program, enabling the company to buy back up to 5% of its outstanding shares, equivalent to 1,254,027 shares. This decision follows the successful completion of an initial stock repurchase program, during which Pioneer repurchased 1,298,883 shares at an average price of $11.83 per share. The new program, which has no expiration date, offers flexibility to adjust based on market conditions and managerial discretion, aiming to optimize shareholder value and balance alternative capital uses. This move is a strategic reinforcement of the company’s commitment to aligning its operations with the best interests of stakeholders and ensuring prudent financial management.

The most recent analyst rating on (PBFS) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pioneer Bancorp stock, see the PBFS Stock Forecast page.