---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-088689"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2026-07-30T20:15:27+00:00"
generated_at: "2026-07-30T20:17:32.455388+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp Q2 net income falls to $3.5M from $6.5M; completes multiple acquisitions

## Summary
- Net income $3.5M ($0.14 EPS) vs $6.5M ($0.26 EPS) for Q2 2025.
- Net interest income $22.9M, up 16.5% YoY; net interest margin 4.30%, up 17 bps.
- Completed acquisitions: Targeted Lending ($140M enterprise value), Reiser Consulting, Wyndham Benefits, College Advisor of NY.
- Noninterest expense $22.2M, up 50.6% YoY due to acquisitions and litigation.
- Net charge-offs $1.5M vs $70K; allowance for credit losses $28.1M.

## SEC filing metadata
- accession: 0001104659-26-088689
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2026-07-30T20:15:27+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000110465926088689/0001104659-26-088689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000110465926088689/pbfs-20260730x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-088689
- JSON: https://secwatch.observer/filing/0001104659-26-088689.json
- Plain text: https://secwatch.observer/filing/0001104659-26-088689.txt

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