Pioneer Bancorp, Inc. filed an amendment to its Form 8-K to provide financial statements and pro forma information for the acquisition of Targeted Lending Co., LLC, which was completed on April 24, 2026. The company determined the acquisition is significant under SEC Rule 1-02(w), requiring disclosure previously omitted from the original report filed on April 28, 2026. Pioneer Bank acquired 100% of Targeted Lending for approximately $54 million in cash plus assumed debt. Pro forma results for the year ended December 31, 2025, show combined net income of $21.2 million and pro forma basic earnings per share of $0.87. Pioneer Bancorp operates as a bank holding company providing financial services.
