Pioneer Bancorp, Inc. filings document a Maryland-incorporated financial institution with common stock registered on Nasdaq under PBFS. The company’s Form 8-K reports cover quarterly financial results, completed acquisitions, stock repurchase programs and other material events affecting its banking, employee benefits and specialty financing businesses.
Proxy materials describe annual meeting matters, board elections, executive compensation, equity awards and stockholder voting procedures. Acquisition-related filings disclose purchase agreements, subsidiary structures and integration obligations, while capital-action filings describe common-stock repurchase authority and related governance considerations.
Pioneer Bancorp, Inc. reported first quarter 2026 net income of $5.3 million, or $0.22 per diluted share, down from $5.8 million and $0.23 a year earlier. Net interest income rose to $20.8 million, with net interest margin improving to 4.21% from 4.12%, as higher loan yields more than offset modestly higher funding costs.
Noninterest expense increased to $18.1 million, up 24.2%, driven by higher professional fees, salaries and a net increase in litigation-related expense, which pushed the efficiency ratio to 73.64% from 63.97%. Total assets reached $2.22 billion, including $1.70 billion of net loans and $1.85 billion of deposits, while non-performing assets declined to 0.40% of total assets.
Pioneer completed the approximately $140 million all-cash acquisition of Targeted Lending, adding about $120 million of loans and creating a new Specialty Financing division, and also acquired Reiser Consulting Group and Wyndham Benefits to expand its employee benefits business. Capital remained strong, with a Tier 1 leverage ratio of 11.56% and an effective tax rate of 7.3% for the quarter.
Pioneer Bancorp, Inc. completed an all-cash acquisition of Targeted Lending Co., LLC on April 24, 2026, creating a new Pioneer Specialty Financing division. The transaction is valued at approximately $140 million in enterprise value and adds a nationwide equipment financing platform with about $120 million of loans.
Pioneer, through subsidiary Targeted Lending Holdings, LLC, paid a base purchase price of about $54 million for 100% of Targeted Lending’s membership interests and repaid roughly $88 million of Targeted Lending’s credit facility debt at closing. Key Targeted Lending employees can earn up to $3 million in performance-based earn-out payments over three years.
Pioneer Bancorp, Inc. filed a report describing a strategic expansion of its employee benefits services. On April 20, 2026, Pioneer acquired Reiser Consulting Group, Inc. of Albany, NY and Wyndham Benefits, LLC of Ballston Spa, NY, both focused on employee benefits.
The acquisitions were effective the same day and together are described as doubling the size of Pioneer's Employee Benefits division, widening services for current and prospective clients in New York’s Capital Region. Theresa Reiser becomes Vice President of Employee Benefits, leading the expanded division and integration of both books of business, while Wyndham Benefits owner Chris Goodness continues serving his clients within Pioneer.
The move supports Pioneer's broader strategy of offering more than traditional banking, alongside its Human Resources Consulting division and broker‑dealer subsidiary, Pioneer Capital Markets. Pioneer is a financial holding company with more than $2 billion in assets and 22 offices in New York’s Capital Region.
Pioneer Bancorp, Inc. is holding its 2026 annual stockholder meeting virtually on May 19, 2026, at 9:00 a.m. Stockholders will vote on electing three directors, ratifying Bonadio & Co., LLP as auditor for 2026, and approving a non-binding advisory resolution on named executive officer pay.
Pioneer Bancorp, MHC owns 57.0% of the 25,076,801 common shares outstanding as of March 23, 2026, effectively controlling these votes. For 2025, CEO Thomas L. Amell received total compensation of $1,087,204, including a $319,899 incentive under the Targeted Incentive Plan tied to net income, return on assets, efficiency ratio, deposit growth and loan growth.
Pioneer Bancorp, Inc. files its Form 10-K outlining its 2025 balance sheet, lending profile and risk metrics. The company reports consolidated total assets of $2.15 billion, deposits of $1.74 billion and shareholders’ equity of $323.9 million as of December 31, 2025.
Total loans receivable reached $1.67 billion, led by $793.7 million of residential mortgages (47.5% of loans), $466.5 million of commercial real estate (27.9%) and $169.7 million of commercial construction (10.2%). The allowance for credit losses was $25.3 million, or 1.51% of total loans.
Credit quality weakened modestly, with non‑accrual loans rising to $11.3 million and total non‑performing assets at 0.52% of total assets. Deposits are diversified across non‑interest demand, savings, money market and certificates; uninsured deposits after exclusions were $289.3 million, or 16.6% of deposits. The bank also reports $218.6 million of available‑for‑sale securities and $42.0 million of held‑to‑maturity securities, plus $50.0 million of FHLB advances.
Pioneer Bancorp, Inc. filed a current report stating that it has issued an earnings release covering its financial results for the three months and year ended December 31, 2025. The company attached this earnings release as Exhibit 99.1, dated January 30, 2026, to provide more detailed financial information.
The company notes that the earnings release and related information are being furnished rather than filed, which means they are not subject to certain liability provisions under federal securities laws or automatically incorporated into other securities filings.
Pioneer Bancorp, Inc. disclosed that its board has adopted a new stock repurchase program allowing the company to buy back up to 5% of its outstanding common stock, or 1,254,027 shares. This is the second repurchase program since its mutual holding company reorganization and related stock offering, and follows completion of the initial program. Under the prior program, Pioneer repurchased 1,298,883 shares, or approximately 5% of its then outstanding common stock, at an average price of $11.83 per share. The new program has no expiration date, and repurchases may be made at management’s discretion in the open market or through private transactions, block trades, or under Rule 10b5-1 trading plans, subject to market conditions, alternative uses of capital, and the company’s financial performance.
Pioneer Bancorp, Inc. executive vice president and chief banking officer Jesse Tomczak reported multiple sales of company common stock. On December 12, 2025, he executed a series of sale transactions coded "S" in common stock at reported prices including $14.60, $14.65, $14.70 and $14.795 per share.
Following these trades, he beneficially owned 41,000 shares of Pioneer Bancorp common stock directly, which include shares of restricted stock that vest at a rate of 20% per year commencing on May 21, 2025, and 4,954 shares indirectly through a 401(k) plan. He also holds stock options on 100,000 shares with an exercise price of $9.39, exercisable and expiring from May 21, 2025 to May 21, 2034, vesting 20% per year commencing on May 21, 2025.