Pioneer Bancorp, Inc. (PBFS) vs USCB Financial Holdings, Inc. (USCB)

Pioneer Bancorp, Inc. and USCB Financial Holdings, Inc. are both Banks Regional companies. Pioneer Bancorp, Inc. and USCB Financial Holdings, Inc. are of similar size ($431.5M and $418.8M). USCB Financial Holdings, Inc. trades at the lower P/E: 14.7× against 25.6×. Pioneer Bancorp, Inc. grew revenue faster over the last twelve months: 15.1% against 4.72%. USCB Financial Holdings, Inc. has the higher net margin (18.1% vs 12.5%) and the lower return on invested capital (6.24% vs 6.26%). Across the 19 metrics below, USCB Financial Holdings, Inc. leads on 10 and Pioneer Bancorp, Inc. on 9.

Valuation

Metric PBFS USCB Banks Regional median
P/E 25.60 14.69 12.15
P/S 3.18 2.61 2.37
P/B 1.31 1.78 1.21
Price to free cash flow 18.26 8.46 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.85 3.63 2.27
Earnings yield 3.91% 6.81% 8.11%
Free cash flow yield 5.48% 11.82% 8.98%

Profitability

Metric PBFS USCB Banks Regional median
Gross margin 75.63% 61.02% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 12.49% 18.05% 18.66%
Free cash flow margin 17.40% 30.84% 21.18%
Return on equity 5.24% 12.36% 10.64%
Return on assets 0.76% 1.00% 1.13%
Return on invested capital 6.26% 6.24% 8.33%

Growth

Metric PBFS USCB Banks Regional median
Revenue growth (TTM) 15.13% 4.72% 6.61%
EPS growth (last fiscal year) 43.80% 7.26% —
Revenue growth, 5-year CAGR 12.85% 20.96% 12.30%
Net income growth, 5-year CAGR 31.30% 27.68% 9.71%

Health

Metric PBFS USCB Banks Regional median
Debt to equity 0.00 1.20 0.22
Current ratio 1.00 0.97 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PBFS USCB Banks Regional median
Dividend yield — 0.87% 3.75%
Payout ratio 0.00 0.00 0.27

Size

Metric PBFS USCB Banks Regional median
Market cap 431.50m 418.82m 921.07m

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