| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.26 | 10.9% | 7.3% |
| Total Income | 4.26 | 10.9% | 7.3% |
| Expenditure | -0.52 | 72.0% | 87.5% |
| PBT | 4.79 | 16.1% | 41.1% |
| Net Profit | 3.48 | 34.2% | 46.0% |
| OPM | — | ||
| NPM | 81.73% | 18.27pp | 18.27pp |
| EPS | 0.14 | 36.4% | 46.1% |
Pioneer Bancorp, Inc. Reports Second Quarter 2026 Results
31 Jul 2026 · 31 Jul, 1:53 am
Summary
Pioneer Bancorp, Inc. reported net income of $3.5 million for the second quarter of 2026, down from $6.5 million in the same period last year, with year-to-date net income at $8.8 million compared to $12.2 million. The company saw significant growth in its loan portfolio, which increased 13.6% to $1.87 billion, and deposits, which rose 13.2% to $1.97 billion. Net interest income for the quarter grew 16.5% to $22.9 million, and net interest margin improved by 17 basis points to 4.30%. The company also highlighted the completion of several strategic acquisitions, including Targeted Lending, Reiser Consulting Group, Wyndham Benefits, and The College Advisor of New York, which are expected to expand capabilities and diversify revenue streams.
Key Highlights
- 1
Pioneer Bancorp, Inc. reported net income of $3.5 million for the three months ended June 30, 2026.
- 2
Net income for the six months ended June 30, 2026 was $8.8 million, a decrease from $12.2 million in the prior year period.
- 3
Net loans receivable increased by 13.6% to $1.87 billion at June 30, 2026, compared to December 31, 2025.
- 4
Deposits grew by 13.2% to $1.97 billion at June 30, 2026, from December 31, 2025.
- 5
Net interest income for the three months ended June 30, 2026 increased by 16.5% to $22.9 million compared to the prior year period.
- 6
Net interest margin for the three months ended June 30, 2026 improved to 4.30%, up 17 basis points from the prior year period.
- 7
Pioneer Bancorp, Inc. recently announced the acquisitions of Targeted Lending Co., LLC, Reiser Consulting Group, Inc., Wyndham Benefits, LLC, and The College Advisor of New York.
Management Comments
Thomas Amell
Our second quarter 2026 financial results reflect the strength of Pioneer’s relationship-based business model focused on creating client advocacy through our highly engaged employees. During the quarter, we experienced positive momentum across our company, highlighted by growth in net interest income and margin, driven by continued loan portfolio expansion, growth in our diversified deposit base, and prudent management of funding costs. The benefits of this growth were partially offset by certain elevated expenses as compared to the prior year period. A significant milestone during the quarter was the successful completion of the acquisitions of Targeted Lending, Reiser Consulting Group, and Wyndham Benefits. Together with our recent acquisition of The College Advisor of New York, these additions further advance our ‘More Than a Bank’ strategy by expanding our capabilities, diversifying revenue streams, and strengthening the value we deliver to clients. Looking ahead, we remain focused on delivering long-term value for our stockholders, customers, and employees by investing in initiatives that strengthen employee engagement, elevate client experience, and support community development, while pursuing strong financial performance.
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