The bank maintains a robust capital structure with an equity-to-assets ratio of 15%, though total assets have remained largely stagnant at $2.2 billion since 2026Q1.
| Cash & Short Term Investments | 1.28B | 407.61M | 408.96M | 579.98M | 854.38M | 589.38M | 231.29M | 314.72M | 199.47M | 121.51M |
| Cash & Due from Banks | 26.94M | 119.39M | 151.55M | 148.31M | 372.59M | 324.78M | 155.52M | 228.03M | 111.41M | 39.53M |
| Short Term Investments | 200.89M | 288.22M | 257.41M | 431.67M | 481.79M | 264.6M | 75.77M | 86.69M | 88.06M | 81.97M |
| Total Investments | 200.89M | 1.87B | 1.63B | 1.6B | 1.49B | 1.36B | 1.24B | 1.14B | 1.08B | 1.02B |
| Investments Growth % | -148.1% | 15.18% | 1.52% | 7.51% | 9.57% | 9.73% | 8.98% | 5.38% | 6.13% | - |
| Long-Term Investments | 3.43B | 1.59B | 1.37B | 1.17B | 1.01B | 1.1B | 1.16B | 1.05B | 991.2M | 934.98M |
| Accounts Receivables | 1.71B | 8.7M | 7.56M | 7.19M | 4.62M | 4.05M | 3.47M | 4.37M | 3.85M | 3.26M |
| Goodwill & Intangibles | 12.19M | 13.34M | 13.83M | 10.89M | 11.29M | 9.13M | 9.45M | 9.81M | 10.17M | 5.74M |
| Goodwill | 9.6M | 10.88M | 10.88M | 8.8M | 8.8M | 7.29M | 7.29M | 7.29M | 7.29M | 5.24M |
| Intangible Assets | 2.59M | 2.46M | 2.95M | 2.1M | 2.49M | 1.84M | 2.16M | 2.52M | 2.87M | 498K |
| PP&E (Net) | 36.09M | 35.73M | 40.1M | 41.62M | 38.02M | 38.92M | 40.86M | 41.71M | 42.9M | 37.38M |
| Other Assets | 0 | 45.78M | 55.79M | 45.98M | 47.35M | 59.21M | 77.59M | 47M | 36.53M | 31.28M |
| Total Current Assets | 1.94B | 416.31M | 416.52M | 587.17M | 859.01M | 593.43M | 234.76M | 319.1M | 203.33M | 124.76M |
| Total Non-Current Assets | 48.28M | 1.68B | 1.48B | 1.27B | 1.11B | 1.2B | 1.29B | 1.15B | 1.08B | 1.01B |
| Total Assets | 2.22B | 2.1B | 1.9B | 1.86B | 1.96B | 1.8B | 1.53B | 1.47B | 1.28B | 1.13B |
| Asset Growth % | 38.54% | 10.61% | 2.11% | -5.5% | 9.35% | 17.68% | 3.96% | 14.34% | 13.22% | - |
| Return on Assets (ROA) | 0.91% | 0.96% | 0.81% | 1.15% | 0.55% | 0.06% | 0.35% | 0.53% | 0.95% | 0.5% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 7.76M | 0 | 0 | 0 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -26.94M | -119.39M | -151.55M | -148.31M | -372.59M | -324.78M | -155.52M | -228.03M | -111.41M | -39.53M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.89B | 29.55M | 38.92M | 39.75M | 35.73M | 21.72M | 18.49M | 7.67M | 10.42M | 15.2M |
| Total Current Liabilities | 0 | 1.75B | 1.56B | 1.55B | 1.69B | 1.54B | 1.28B | 1.34B | 1.16B | 1.01B |
| Total Non-Current Liabilities | 1.89B | 29.55M | 38.92M | 39.75M | 35.73M | 21.72M | 18.49M | 7.67M | 10.42M | 15.2M |
| Total Liabilities | 1.89B | 1.78B | 1.6B | 1.59B | 1.72B | 1.56B | 1.3B | 1.35B | 1.17B | 1.03B |
| Total Equity | 328.58M | 314.25M | 296.53M | 266.7M | 242.63M | 237.82M | 223.97M | 123.26M | 118.06M | 104.01M |
| Equity Growth % | 21.49% | 5.98% | 11.18% | 9.92% | 2.02% | 6.19% | 81.71% | 4.4% | 13.51% | - |
| Equity / Assets (Capital Ratio) | 14.79% | 14.99% | 15.64% | 14.37% | 12.35% | 13.24% | 14.67% | 8.39% | 9.19% | 9.17% |
| Return on Equity (ROE) | 6.19% | 6.29% | 5.42% | 8.62% | 4.28% | 0.47% | 2.99% | 6.06% | 10.36% | 5.41% |
| Book Value per Share | 13.50 | 12.52 | 11.76 | 10.60 | 9.65 | 9.49 | 8.95 | 11.03 | 10.57 | 9.31 |
| Tangible BV per Share | 13.00 | 11.99 | 11.21 | 10.16 | 9.21 | 9.12 | 8.58 | 10.16 | 9.66 | 8.80 |
| Common Stock | 251K | 255K | 263K | 260K | 260K | 260K | 260K | 0 | 0 | 0 |
| Additional Paid-in Capital | 115.82M | 114.77M | 113.48M | 113.54M | 113.71M | 113.81M | 113.96M | 0 | 10.66M | 10.66M |
| Retained Earnings | 208.34M | 201.38M | 187.73M | 173.04M | 151.09M | 140.81M | 139.73M | 134.36M | 116.39M | 103.02M |
| Accumulated OCI | 12.88M | 7.05M | 4.94M | -9.57M | -11.18M | -5.13M | -17.37M | -11.1M | -8.99M | -9.67M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE concentration and liquidity
According to recent financial statements, Pioneer Bancorp's total assets have remained largely stagnant at $2.2 billion since 2026Q1, suggesting that the bank is prioritizing balance sheet preservation over aggressive loan book expansion within its concentrated Albany-Schenectady-Troy market footprint during the current economic cycle.
The lack of meaningful asset growth indicates a cautious management stance, likely reflecting a strategic choice to avoid riskier lending in a tightening credit environment. Investors should monitor whether this plateau represents a temporary pause or a structural inability to capture new market share.
As reported in the quarterly filings, Pioneer Bancorp maintains an equity-to-assets ratio consistently near 15%, which provides a robust capital cushion that appears to insulate the institution against potential volatility in its commercial real estate and construction loan portfolios.
This high capital ratio is a hallmark of the bank's Mutual Holding Company structure, prioritizing long-term solvency over the leverage-driven returns favored by public peers. While this provides a fortress-like foundation, it may also imply that the bank is under-utilizing its capital base to drive higher shareholder returns.
Based on the reported figures, the bank's cash and cash equivalents fluctuated significantly, reaching $225.1 million in 2026Q1 before settling at $26.9 million in 2026Q3, which suggests a highly tactical approach to managing liquidity in response to shifting regional deposit and funding conditions.
The volatility in cash holdings indicates that the bank is actively managing its liquidity profile, though the periodic accumulation of large cash balances may drag on overall profitability. This suggests that management may be struggling to find high-quality, risk-adjusted lending opportunities that meet their internal underwriting standards.
Data from recent balance sheet disclosures indicates that the bank's investment securities portfolio reached $1.9 billion in 2026Q1, a significant concentration that warrants further investigation into potential duration mismatches and unrealized losses that could impact future net interest margin expansion.
The heavy reliance on a large securities portfolio relative to total assets suggests that the bank's interest rate sensitivity is heavily influenced by the yield curve's shape rather than just loan book performance. Investors should monitor whether this portfolio is positioned to benefit from or be harmed by future interest rate volatility.
Quick answers to the most common questions about buying PBFS stock.
As of 2025, Pioneer Bancorp, Inc. (PBFS) had total assets of $2.10B including $416.3M in current assets.
Pioneer Bancorp, Inc. (PBFS) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Pioneer Bancorp, Inc. (PBFS) has total shareholders' equity (book value) of $314.2M ($12.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Pioneer Bancorp, Inc. (PBFS) reported a current ratio of 0.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.