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Pitney Bowes Bank Inc., The

Salt Lake City, UT · Cert 34599

State charter, non-member · FDIC · 1 branch

Q2 2026

$796.3MAssets
$470.2MLoans
$676.4MDeposits
$77.4MEquity
Loan mix
1%RE $2.2M99%C&I $323.8M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $591.2M13%Noninterest $85.2MQ2 2025Q2 2026

NIM

7.70%Q2 ’247.72%Q2 ’258.16%Q2 ’260%+7%

Non-interest income vs. expense

1.19%Q2 ’242.32%Q2 ’253.64%Q2 ’26+30%+84%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 0.1% share · #24 of 57 inst. · $0.7B of $1175.7B

Executive Summary

  • Earnings: ROA of 5.34%, down 59 bps year over year; NIM at 7.51%.
  • Asset quality: problem loans at 0.44% of loans (+2 bps YoY), with net charge-offs at 1.25%.
  • Capital: tier 1 leverage ratio of 12.37%, up 30 bps from a year ago.
  • Funding: loans stand at 69.51% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

5.34%-59 bps YoY

Net Interest Margin (YTD, annualized)

7.51%+48 bps YoY

Efficiency Ratio (YTD, annualized)

32.04%+1,048 bps YoY

Tier 1 Leverage Ratio

12.37%+30 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets5.94%6.02%6.11%5.46%5.34%-59 bps
Return on Equity72.32%70.90%69.99%57.26%55.69%-1,663 bps
Net Interest Margin7.02%7.24%7.32%7.61%7.51%+48 bps
Efficiency Ratio21.56%21.06%20.72%31.53%32.04%+1,048 bps
Non-Interest Burden-1.43%-1.44%-1.43%-0.12%-0.22%+120 bps
Growth
Asset Growth (YoY)-9.25%-8.78%-5.42%-0.20%-2.43%+683 bps
Loan Growth (YoY)28.48%36.14%29.38%14.28%6.93%-2,155 bps
Deposit Growth (YoY)-7.76%-10.83%-7.73%0.61%-1.12%+664 bps
Asset Quality
Nonperforming Loans / Loans0.42%0.36%0.37%0.45%0.44%+2 bps
Net Charge-Offs / Loans0.97%0.83%0.84%0.90%1.25%+28 bps
Allowance / Loans1.64%1.69%1.66%1.80%1.67%+2 bps
Allowance Coverage of NPLs3.9x4.6x4.5x4.0x3.8x-0.1x
Capital
Tier 1 Leverage Ratio12.07%12.30%12.52%11.98%12.37%+30 bps
Total Risk-Based Capital12.07%12.30%12.52%11.98%12.37%+30 bps
Equity / Assets9.00%9.35%9.71%9.36%9.72%+72 bps
Liquidity & Funding
Loans / Deposits64.28%69.56%70.91%67.12%69.51%+523 bps
Liquid Assets / Assets22.74%15.62%13.01%16.98%14.05%-870 bps
CRE / Total Capitaln/a2.01%2.11%2.13%n/an/a