Pioneer Bancorp, Inc. reported a net loss of $85,000 for the third quarter ended September 30, 2026, compared to net income of $4.3 million in the prior year period. The quarterly result included a $6.2 million litigation-related expense recognized in connection with the resolution of pending legal matters involving Southwestern Payroll, Granite Solutions, and NatPay. Net interest income rose 16.9% to $23.6 million, driven by loan portfolio expansion from the Targeted Lending acquisition and higher yields on interest-earning assets. Total assets grew 20.8% to $2.6 billion, with net loans receivable increasing $290.3 million to $1.94 billion. The company operates as a financial holding company providing banking, insurance, wealth management, and equipment finance services in New York’s Capital Region.
