Pioneer Bankcorp (Pioneer Bankcorp) Total Assets : $694.79 Mil (As of Sep. 2023)

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What is Pioneer Bankcorp Total Assets?

Pioneer Bankcorp's Total Assets for the quarter that ended in Sep. 2023 was $694.79 Mil.

Total Assets is connected with ROA %. Pioneer Bankcorp's annualized ROA % for the quarter that ended in Sep. 2023 was 0.00%. Total Assets is also linked to Revenue through Asset Turnover. Pioneer Bankcorp's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Pioneer Bankcorp Total Assets Historical Data

The historical data trend for Pioneer Bankcorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pioneer Bankcorp Total Assets Chart

Pioneer Bankcorp Annual Data

Trend

Total Assets

Pioneer Bankcorp Semi-Annual Data
	Sep22	Sep23
Total Assets	-	694.79

Pioneer Bankcorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Pioneer Bankcorp's Total Assets for the fiscal year that ended in . 20 is calculated as

Total Assets	=	Total Equity (A: . 20 )	+	Total Liabilities (A: . 20 )
	=	N/A	+	N/A
	=	N/A

Pioneer Bankcorp's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	46.977	+	647.813
	=	694.79

Pioneer Bankcorp (OTCPK:PBKC) Total Assets Explanation

Total Assets is connected with ROA %.

Pioneer Bankcorp's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0	/	( (0	+	694.79)	/ 1 )
	=	0	/	694.79
	=	0.00 %

Note: The Net Income data used here is one times the annual (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Pioneer Bankcorp's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (0	+	694.79)	/ 1 )
=	0	/	694.79
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Pioneer Bankcorp Total Assets Related Terms

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Pioneer Bankcorp (Pioneer Bankcorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pioneer Bankcorp Inc (OTCPK:PBKC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 East Sugarland Highway, Clewiston, FL, USA, 33440

Website

https://www.first1bank.com

Pioneer Bankcorp Inc is a bank holding company incorporated in Florida. The Bank is a state-chartered, FDIC-insured bank headquartered in Clewiston, Florida, and conducts business from three banking offices in Hendry County and other banking offices in surrounding counties. The majority of the company's revenues are interest earned on loans, investment securities, and other financial instruments.

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