Earnings ·
Pioneer Bancorp, Inc. reported second quarter 2026 financial results showing net income of $3.5 million, or $0.14 per…
PBFSPioneer Bancorp, Inc.
Pioneer Bancorp, Inc. reported second quarter 2026 financial results showing net income of $3.5 million, or $0.14 per diluted share, a decline from $6.5 million in the prior year period. Net interest income rose 16.5% to $22.9 million, driven by loan portfolio expansion and higher yields, while noninterest expense increased 50.6% to $22.2 million due to acquisition-related costs and litigation expenses. The company completed acquisitions of Targeted Lending Co., Reiser Consulting Group, Wyndham Benefits, and The College Advisor of New York during the quarter, expanding its commercial lending and advisory capabilities. Total assets reached $2.36 billion with net loans receivable up 13.6% to $1.87 billion. Pioneer Bancorp operates as a financial holding company providing banking, insurance, employee benefits, wealth management, and equipment financing services in New York’s Capital Region.