PB Financial Corp (PBNC) AI Stock Analysis

• Market Cap: $143.49M
• Dividend Yield: 4.27%
• Average Volume (3M): 917.00
• Price to Earnings (P/E): 5.4
• Beta (1Y): -0.04
• Revenue Growth: 21.71%
• EPS Growth: 17.03%
• Country: US
• Employees: 33
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.97
• Shares Outstanding: 2,207,576
• 10 Day Avg. Volume: 758
• 30 Day Avg. Volume: 917
• PEG Ratio: 0.08
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 1.36
• P/FCF Ratio: 5.11
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 2.01
• Enterprise Value/Gross Profit: 3.09
• Enterprise Value/Ebitda: 5.50
• 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: 78 Outperform
• Price Target: $74.00 ▲(30.37% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by solid financial performance (revenue growth, healthy margins, and improved leverage) and a notably attractive valuation (low P/E and strong dividend yield). Technicals are supportive with the stock trading above major moving averages and positive MACD, reinforcing the overall outlook.

Positive Factors

Revenue Growth

Consistent multi-year revenue growth with acceleration in 2025 indicates durable demand and successful core banking growth. Higher top-line provides a structural base to fund operating leverage, support credit provisioning, and sustain earnings over the next several quarters as the bank expands relationships.

Improved Leverage

Material deleveraging and rising equity (to $153.1M) reduce financial risk and increase funding flexibility. Lower leverage improves resilience to credit stress and interest-rate swings, enabling more conservative loan growth and potentially lower funding costs over the medium term.

Profitability & Cash Quality

Healthy margins and ROE combined with free cash flow tracking net income point to strong earnings quality and cash conversion. This supports sustainable dividend capacity and internal capital for growth, reducing dependence on external financing over coming quarters.

Negative Factors

Thin Operating Cash Flow Coverage

Operating cash flow (~$24M in 2025) is modest relative to total assets (~$1.4B), implying lower internal liquidity coverage. That structural gap can constrain the pace of asset growth, increase reliance on wholesale funding, and raise sensitivity to funding-cost shocks over the medium term.

Margin Compression Risk

Although margins are solid today, compression from prior peaks signals structural pressure on net interest margins or fee income. If competitive or rate dynamics persist, restoring earlier peak margins may be difficult, limiting upside to core profitability over the next several quarters.

Rapid Asset Expansion

Substantial asset growth increases exposure to underwriting and credit cycles; maintaining asset quality is essential. Rapid scaling can amplify credit risk and loss provisioning needs, making disciplined underwriting and reserves key to preserving capital ratios and earnings durability.

PB Financial Corp Business Overview & Revenue Model

Company Description

PB Financial Corporation operates as the financial holding company for Providence Bank that provides commercial and retail banking products and services. The company's personal banking products and services include checking accounts, savings accounts, money market accounts, certificate of deposit (CD), and individual retirement accounts; loans, such as consumer loans, equity lines, mortgages, and personal lines of credit, as well as credit cards; E-delivery information services; online banking services; and other products and services comprising telephone banking, ATM, online bill pay, and statement e-delivery services, as well as debit cards. Its business banking products and services include checking accounts, commercial money market accounts, business savings accounts, CDs, and lawyer's trust accounts; commercial loans for machinery, equipment, vehicles, office/warehouse/land purchases and improvements, refinances, balance sheet expansion, investment property, and leasehold improvements, as well as lines of credit for working capital, agriculture, inventory, and seasonal needs; E-delivery information services; cash management services; remote deposit capture services; online banking services; and other products and services comprising sweep accounts, merchant services, and telephone banking services. The company has its branches in Nash, Edgecombe, Wake, and Wilson Counties of North Carolina. PB Financial Corporation was founded in 2006 and is based in Rocky Mount, North Carolina.

PB Financial Corp Financial Statement Overview

Summary

Strong multi-year revenue growth with solid profitability (2025 net margin ~25%, EBIT margin ~33%). Balance sheet leverage improved materially (debt-to-equity down to ~0.35) with rising equity and healthy ROE (~15%). Cash flow broadly supports earnings, though operating cash flow is modest relative to the balance sheet and profitability remains below peak-margin years.

Income Statement

Revenue shows a strong multi-year uptrend, with growth accelerating in 2025 (annual revenue up to $90.1M vs. $79.5M in 2024). Profitability is also solid, with 2025 net margin around 25% and EBIT margin around 33%, indicating good earnings power for a regional bank. The main weakness is margin compression versus earlier years (notably 2021–2022), suggesting profitability is not as strong as it was at peak levels even though absolute earnings have grown.

Balance Sheet

Leverage has improved meaningfully: debt-to-equity declined to ~0.35 in 2025 from elevated levels in 2022 (~1.51) and 2023 (~0.96), alongside rising equity ($153.1M in 2025 vs. $133.3M in 2024). Returns on equity remain healthy (~15% in 2025), supporting the quality of capital generation. The key watch-out is that total assets have expanded substantially over time (to ~$1.40B), so maintaining asset quality and disciplined balance-sheet growth is important as the bank scales.

Cash Flow

Cash generation appears consistent: free cash flow tracks closely with net income across years (about 1.0x in 2025), which supports earnings quality. Operating cash flow also increased in 2025 (~$24.0M vs. ~$17.0M in 2024). The softer spot is that operating cash flow is small relative to the balance-sheet size (as reflected in the low operating cash flow coverage figures), and free cash flow growth is not provided for 2025, limiting visibility into the latest year’s cash flow momentum beyond the level change.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	90.08M	79.54M	54.24M	36.74M	28.20M
Gross Profit	52.48M	41.77M	30.61M	28.63M	21.77M
EBITDA	29.43M	23.01M	18.16M	18.78M	13.10M
Net Income	22.83M	16.92M	13.92M	14.25M	9.82M
Balance Sheet
Total Assets	1.40B	1.32B	982.39M	849.17M	701.42M
Cash, Cash Equivalents and Short-Term Investments	34.61M	0.00	122.07M	123.14M	124.63M
Total Debt	53.12M	60.31M	83.70M	101.74M	59.14M
Total Liabilities	1.25B	1.18B	894.86M	781.76M	636.15M
Stockholders Equity	153.07M	133.29M	87.53M	67.41M	65.27M
Cash Flow
Free Cash Flow	23.90M	16.36M	14.77M	15.00M	10.74M
Operating Cash Flow	23.98M	17.01M	15.02M	15.05M	10.81M
Investing Cash Flow	-66.67M	-112.70M	-136.50M	-173.94M	-134.53M
Financing Cash Flow	57.61M	95.90M	115.42M	141.27M	105.32M

PB Financial Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 56.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBNC, the sentiment is Positive. The current price of 56.76 is below the 20-day moving average (MA) of 63.99, below the 50-day MA of 60.86, and above the 200-day MA of 53.45, indicating a bullish trend. The MACD of 1.20 indicates Positive momentum. The RSI at 59.33 is Neutral, neither overbought nor oversold. The STOCH value of 9.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBNC.

PB Financial Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PBNC	78 Outperform	$143.49M	5.35	14.69%	4.27%	21.71%	17.03%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SFBC	65 Neutral	$115.45M	12.42	6.70%	1.75%	2.85%	73.41%
SRBK	59 Neutral	$128.92M	35.78	1.57%	0.88%	9.43%	166.36%
RVSB	57 Neutral	$110.60M	18.92	2.98%	1.51%	8.77%	369.81%
UNB	53 Neutral	$111.29M	9.81	14.80%	6.08%	14.52%	27.90%
BSBK	49 Neutral	$108.68M	39.11	1.50%	―	-15.09%	―