secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001104659-26-053068
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926053068/0001104659-26-053068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926053068/pbfs-20260430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-053068

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