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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Utah, the state note

Pitney Bowes Bank Inc

Salt Lake City, Utah · $796M in assets · beside the 8 other Utah banks between $300M and $1B

The filing

32.0%
Efficiency
1st of 9
9.7%
Equity / assets
8th of 9
5.35%
ROA
2nd of 9

Pitney Bowes Bank Inc is the fourth largest of the 9 Utah banks between $300M and $1B, with $796M in assets at 30 June 2026. Loans are 69.5% of deposits, 3rd of 9 against a median of 77.1%, and equity is 9.7% of assets, 8th of 9. Loans grew +6.9% in the year, 4th of 9, and deposits fell 1.1%; the cohort's median loan growth is +3.6%.

Noncurrent loans are 0.44% of the book, 5th of 9 against a median of 0.44%; 1.00% is 30 to 89 days past due, and the allowance covers them 3.8 times. Net charge-offs are 1.25% of loans, 6th of 9. Commercial real estate is 0.5% of loans, 3rd of 9 against a median of 9.6%, and 2% of capital, below the 300% screen, with construction at 0% against the 100% screen.

Return on assets is 5.35%, 2nd of 9 against a median of 1.15%, on an efficiency ratio of 32.0%, the lowest in the cohort. Five years ago it was 6.67%. The question is which of these lines moves first over the next four quarters, and against which peer.

The efficiency ratioUT banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 60.4% PB Pitney Bowes Bank Inc 32.0% FE First Electronic Bank 45.9% FB Finwise Bank 56.8% MB Milestone Bank 59.6% GV Grand Valley Bank 60.4% FU First Utah Bank 61.2% BB Brighton Bank 62.1% TB Thrivent Bank 135.5% VB Varo Bank National Association 138.2%
Loans, year over yearUT banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +3.6% FE First Electronic Bank +26.5% VB Varo Bank National Association +15.6% FB Finwise Bank +10.0% PB Pitney Bowes Bank Inc +6.9% TB Thrivent Bank +3.6% GV Grand Valley Bank +1.8% BB Brighton Bank -3.8% FU First Utah Bank -4.3% MB Milestone Bank -18.6%

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 7 CBLR filers, Pitney Bowes Bank Inc among them; owner-occupied excluded; bold marks a screen met
Pitney Bowes Bank IncRankCohort median
Total CRE against capital, the 300% screen2%3rd of 944%
Construction against capital, the 100% screen0%1st of 937%
Construction and land development, share of loans0.0%1st of 98.0%
Non-owner-occupied nonfarm nonresidential, share of loans0.0%1st of 91.1%
Total CRE, the guidance definition, share of loans0.5%3rd of 99.6%
CRE growth over 36 months, the third prong+45.0%3rd of 6+48.7%
Commercial real estate against capital, the 300% screenUT banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 44% FE First Electronic Bank 0% VB Varo Bank National Association 0% PB Pitney Bowes Bank Inc 2% TB Thrivent Bank 44% FB Finwise Bank 44% MB Milestone Bank 54% GV Grand Valley Bank 102% BB Brighton Bank 272% FU First Utah Bank 290%
CRE growth over 36 months, the guidance's third prongUT banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median +48.7% GV Grand Valley Bank -19.0% BB Brighton Bank +15.3% PB Pitney Bowes Bank Inc +45.0% FU First Utah Bank +52.4% FB Finwise Bank +96.7% MB Milestone Bank +5558.9%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Finwise Bank$915M1.5%56.8%5.11%6.10%6.4%102.0%17.9%
Thrivent Bank$906M-1.4%135.5%0.26%0.28%0.5%104.8%36.7%
First Utah Bank$840M0.7%61.2%6.39%1.07%1.5%92.1%10.2%
Pitney Bowes Bank Inc$796M5.4%32.0%0.44%1.25%1.7%69.5%9.7%
Grand Valley Bank$599M1.2%60.4%0.02%0.01%1.9%53.0%9.2%
First Electronic Bank$503M8.8%45.9%0.01%0.08%0.6%71.6%39.4%
Milestone Bank$342M0.7%59.6%5.32%3.67%2.4%104.7%15.6%
Varo Bank National Association$338M-27.1%138.2%0.42%29.82%10.0%46.3%20.4%
Brighton Bank$322M1.9%62.1%0.49%0.00%1.2%77.1%10.1%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Pitney Bowes Bank IncCohort median
20212026Change20212026Change
Loans$215M$470M+119%$198M$296M+50%
Deposits$658M$676M+3%$228M$541M+138%
NPA / loans0.93%0.44%-0.49 pts0.33%0.44%+0.11 pts
Efficiency5.8%32.0%+26.2 pts54.8%60.4%+5.6 pts
ROA6.67%5.35%-1.32 pts2.26%1.15%-1.11 pts

This read was prepared for Pitney Bowes Bank Inc's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Pitney Bowes Bank Inc is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort UT banks $300M to $1B

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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