secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2026-07-30T20:15:27+00:00
Accession:  0001104659-26-088689
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926088689/0001104659-26-088689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926088689/pbfs-20260730x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-088689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer