Company Quick10K Filing
PB Bancorp
10-Q 2019-12-31 Filed 2020-02-12
10-Q 2019-09-30 Filed 2019-11-12
10-K 2019-06-30 Filed 2019-09-26
10-Q 2019-03-31 Filed 2019-05-14
10-Q 2018-12-31 Filed 2019-02-12
10-Q 2018-09-30 Filed 2018-11-13
10-K 2018-06-30 Filed 2018-09-21
10-Q 2018-03-31 Filed 2018-05-14
10-Q 2017-12-31 Filed 2018-02-12
10-Q 2017-09-30 Filed 2017-11-13
10-K 2017-06-30 Filed 2017-09-25
10-Q 2017-03-31 Filed 2017-05-12
10-Q 2016-12-31 Filed 2017-02-13
10-Q 2016-09-30 Filed 2016-11-14
10-K 2016-06-30 Filed 2016-09-26
10-Q 2016-03-31 Filed 2016-05-13
10-Q 2015-12-31 Filed 2016-02-12
10-Q 2015-09-30 Filed 2015-12-02
8-K 2020-05-01 M&A, Delisting, Shareholder Rights, Control, Officers, Amend Bylaw, Exhibits
8-K 2020-04-27 Other Events, Exhibits
8-K 2020-02-07 Shareholder Vote
8-K 2020-01-02 Other Events, Exhibits
8-K 2019-10-22
8-K 2019-10-22
8-K 2019-10-02 Other Events, Exhibits
8-K 2019-07-03 Other Events, Exhibits
8-K 2019-04-03 Other Events, Exhibits
8-K 2019-01-02 Other Events, Exhibits
8-K 2018-12-31 Other Events, Exhibits
8-K 2018-12-19 Officers, Exhibits
8-K 2018-11-02 Shareholder Vote
8-K 2018-10-17 Other Events, Exhibits
8-K 2018-10-03 Other Events, Exhibits
8-K 2018-07-11 Other Events, Exhibits
8-K 2018-04-18 Other Events, Exhibits
8-K 2018-04-04 Other Events, Exhibits
8-K 2018-01-03 Other Events, Exhibits

PB Bancorp Financials

PBBI Metrics, Comps, Filings

Quarterly | Annual

Business

PB Bancorp, Inc. (the “Company”) is a Maryland corporation incorporated in 2015 to be the successor to PSB Holdings, Inc. upon completion of the second-step mutual-to-stock conversion (the “Conversion”) of Putnam Bancorp, MHC (the “MHC”), the top tier mutual holding company of PSB Holdings, Inc. PSB Holdings, Inc. was the former mid-tier holding company for Putnam Bank (the “Bank”). Prior to completion of the Conversion, approximately 57% of the shares of common stock of PSB Holdings, Inc. were owned by the MHC. In conjunction with the Conversion, the MHC and PSB Holdings, Inc. merged into the Company and the Company became PSB Holdings, Inc.'s successor. The Conversion was completed on January 7, 2016. The Company raised gross proceeds of $33.7 million by selling 4,215,387 shares of common stock at $8.00 per share. Also, an additional 317,287 shares were purchased by the Bank's Employee Stock Ownership Plan with the proceeds of a loan from the Company. Concurrent with the completion of the stock offering, each share of PSB Holdings, Inc. stock owned by public stockholders (stockholders other than the MHC) was exchanged for 1.1907 shares of Company common stock.

PB Bancorp, Inc. also owns investment securities valued at $5.2 million as of June 30, 2019. We have not engaged in any significant business activity other than owning the common stock of Putnam Bank, providing the loan to allow the purchase of shares of common stock by the Employee Stock Ownership Plan and investing in marketable securities. Our executive office is located at 40 Main Street, Putnam, Connecticut 06260, and our telephone number is (860) 928-6501.

Putnam Bank was founded in 1862 as a state-chartered mutual savings bank. In 2014, the Bank converted from a federally-chartered savings bank to a Connecticut-chartered bank that is a member of the Federal Reserve System. The Bank is headquartered at 40 Main Street in Putnam, Connecticut and conducts substantially all of its business from eight full-service banking offices and one loan origination center. Putnam Bank is a wholly-owned subsidiary of the Company. In addition, the Bank maintains a “Special Needs Limited Branch” and a limited services mobile office. The telephone number at the Bank's main office is (860) 928-6501.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Citizens Community Bancorp (CZWI) 129,050 8.1 1% 1,475,364 1,327,335 0 0 7,393 28,816 234,785
Salisbury Bancorp (SAL) 110,416 2.8 1% 1,144,240 1,032,660 0 0 8,125 20,117 56,868
Sound Financial Bancorp (SFBC) 92,689 2.9 1% 715,319 639,303 0 0 4,809 11,622 33,816
Lake Shore Bancorp (LSBK) 89,565 0% 11.2 1% 596,815 514,356 1,345 0 3,915 9,281 103,925
PB Bancorp (PBBI) 85,643 4.6 1% 544,173 458,389 0 0 3,872 8,919 41,187
MSB Financial (MSBF) 83,268 7.2 0% 591,253 527,033 0 0 2,852 9,355 67,543
Community First Bancshares (CFBI) 77,241 13.5 0% 309,727 233,180 0 0 498 2,899 39,240
IF Bancorp (IROQ) 72,677 4.5 1% 678,204 600,917 0 0 3,724 14,213 63,301
FFBW (FFBW) 72,169 19.6 0% 258,089 196,779 0 0 1,007 3,460 67,984
Magyar Bancorp (MGYR) 71,479 4.6 0% 630,328 575,677 0 0 2,996 10,971 50,010
Kentucky First Federal Bancorp (KFFB) 65,806 11.8 0% 328,759 262,719 0 0 908 4,566 53,651
CBM Bancorp (CBMB) 59,883 23.0 0% 217,752 156,985 0 0 746 2,166 49,729
Home Federal Bancorp of Louisiana (HFBL) 58,280 2.3 1% 459,891 410,154 0 0 4,772 10,908 25,140
Hamilton Bancorp (HBK) 54,663 52.8 -1% 496,254 439,764 0 0 -3,506 1,501 79,165
Central Federal (CFBK) 53,943 0% 2.2 1% 786,437 732,555 408 0 6,578 17,884 39,144
Bancorp 34 (BCTF) 50,322 7.8 0% 385,274 340,468 0 0 154 4,469 34,657
Mid-Southern Bancorp (MSVB) 46,742 11.2 1% 209,124 158,235 0 0 1,284 2,393 26,864
Broadway Financial (BYFC) 45,205 0% 5.1 -0% 414,618 365,758 353 0 -137 4,583 23,383
Ottawa Bancorp (OTTW) 42,297 7.3 0% 304,214 253,877 0 0 1,380 4,341 31,616

Balance Sheet ($'000)2015-06-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash5,32636,9469,0955,13313,95210,3275,01010,1734,63614,5509,51310,10216,7305,33215,58025,67244,456
Accounts Receivable
Inventory
PP&E9,4193,7003,6369,3923,6163,5693,5299,5153,4263,3783,3329,4873,1763,1143,0419,4903,082
Assets473,601501,113497,503502,557506,469520,521511,319524,148530,355535,103530,491525,388519,751520,387524,377538,030544,173
Accounts Payable
Long-Term Debt
Liabilities421,857449,547412,821417,469421,005434,908427,269439,611445,843450,267446,490441,099434,476437,101440,073452,958458,389
Stockholders' Equity51,74451,56684,68285,08885,46485,61384,05084,53784,51284,83684,00184,28985,27583,28684,30485,07285,784
Income Statement ($'000)2015-06-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A41555334434759425747533446465241
Tax-7279106121255235127211477212660295208194361351
Net Income223021704236846355735847919657891,3911,090951875956
Cash Flow ($'000)2015-06-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1,552955-1632,4428821,2929301,7721,0759041,7131,528919
Cash Investing-25,587-9,1715,226-18,8923,770-8,546-12,4134,847-83912,4135,815-3,36012,673
Cash Financing-3,8164,2543,75612,825-9,96912,4175,9463,295-5,273-6,6892,72011,9245,192