Pioneer Bancorp Q1 net income $5.3M, EPS $0.22; completes $140M acquisition of Targeted Lending

Pioneer Bancorp, Inc./MD

2026-Q1 EPS reported $0.22 revenue$3,842,000

Net income $5.3M ($0.22 per share) vs $5.8M ($0.23) in prior year; net interest income up 8.7% to $20.8M.
Net loans receivable up 3.3% to $1.70B; deposits up 6.5% to $1.85B; NIM expanded 9bps to 4.21%.
Completed acquisitions of Targeted Lending ($140M enterprise value), Reiser Consulting, and Wyndham Benefits in April 2026.
Noninterest expense rose 24.2% to $18.1M, driven by higher professional fees and litigation-related costs.
Nonperforming assets improved to 0.40% of total assets (from 0.52%); allowance for credit losses 1.51% of loans.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Pioneer Bancorp, Inc./MD reported the three months ended March 31, 2026 results: net income $5.3 million, EPS $0.22 per basic and diluted share.

Period: the three months ended March 31, 2026
Net income: $5.3 million
EPS: $0.22 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three months ended March 31, 2026 was $5.3 million, or $0.22 per basic and diluted share, as compared to $5.8 million, or $0.23 per basic and diluted share, for the three months ended March 31, 2025.

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Source: SEC EDGAR

accession 0001104659-26-053068

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