Pioneer Bancorp files financials for Targeted Lending acquisition; net income $2.56M in 2025

Pioneer Bancorp, Inc./MD

Targeted Lending 2025 net income $2.56M (2024: $1.63M); revenue $15.1M (2024: $11.6M).
Total assets at Dec 31, 2025: $104.9M; net loans receivable $102.5M; allowance 1.6%.
Acquisition of 100% of Targeted Lending all-cash per agreement dated April 24, 2026; now deemed significant under Regulation S-X.
Pro forma combined balance sheet and statements of operations for year ended Dec 31, 2025 filed with this amendment.

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