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.

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.

Pioneer Bancorp, Inc. acquired The College Advisor of New York to launch a new College Advising Division. Dr. Dean Skarlis, the founder and president of the acquired firm, will lead the division as Vice President of College Advising. This strategic move integrates college planning guidance with financial strategy under Pioneer's "More Than a Bank" initiative. No specific transaction value was disclosed in this filing. Pioneer Bancorp is a financial holding company providing banking, insurance, wealth management, and equipment finance services.

On July 21, 2026, Pioneer Bancorp, Inc. appointed Michael T. Keegan to its Board of Directors. Mr. Keegan is a retired banking executive and former Senior Executive Vice President and Head of Community Banking at M&T Bank. He is expected to serve on the Audit and Compensation Committees and was also appointed to the Boards of Trustees/Directors of Pioneer Bancorp, MHC and Pioneer Bank, National Association. The company operates in the financial services industry as a bank holding company providing banking, insurance, wealth management, and equipment financing.