---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-053068"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:02:02.905076+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-053068
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000110465926053068/0001104659-26-053068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000110465926053068/pbfs-20260430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-053068
- JSON: https://secwatch.observer/filing/0001104659-26-053068.json
- Plain text: https://secwatch.observer/filing/0001104659-26-053068.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000110465926053068/0001104659-26-053068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.