secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K/A
Filed at:   2026-08-10T20:20:27+00:00
Accession:  0001104659-26-093399
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926093399/0001104659-26-093399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000110465926093399/pbfs-20260424x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-093399

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