Welcome to our dedicated page for Pioneer Bancorp, Inc./MD SEC filings (Ticker: PBFS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pioneer Bancorp, Inc. filings document a Maryland-incorporated financial institution with common stock registered on Nasdaq under PBFS. The company’s Form 8-K reports cover quarterly financial results, completed acquisitions, stock repurchase programs and other material events affecting its banking, employee benefits and specialty financing businesses.
Proxy materials describe annual meeting matters, board elections, executive compensation, equity awards and stockholder voting procedures. Acquisition-related filings disclose purchase agreements, subsidiary structures and integration obligations, while capital-action filings describe common-stock repurchase authority and related governance considerations.
Pioneer Bancorp, Inc./MD (PBFS) reported that director Michael T. Keegan received equity awards. On August 18, 2026 he was granted 10,000 stock options with an exercise price of $17.28 per share, expiring August 18, 2036, and 5,000 shares of restricted common stock at no cost. The restricted shares and options vest at 20% per year commencing August 18, 2027. Following the restricted stock grant, he holds 13,000 shares of common stock directly.
Pioneer Bancorp, Inc. reported June 30, 2026 total assets of $2.36 billion, up from $2.15 billion at year-end, driven primarily by loan growth and a major acquisition. Net loans receivable rose to $1.90 billion from $1.67 billion, while total deposits increased to $1.97 billion from $1.74 billion.
For the quarter, net interest income was $22.9 million, up from $19.6 million a year earlier, but higher noninterest expenses, including professional fees and other costs, reduced profitability. Second-quarter 2026 net income was $3.5 million (basic and diluted EPS $0.14), compared with $6.5 million (EPS $0.26) in 2025. Six-month net income was $8.8 million versus $12.2 million in the prior-year period.
On April 24, 2026, the bank acquired Targeted Lending Co., LLC in an all-cash transaction with total consideration of $144.1 million, adding a nationwide equipment finance platform. This generated $15.8 million of goodwill and identifiable intangibles of $9.3 million. Targeted Lending contributed $3.2 million of revenue and $1.2 million of earnings from acquisition through quarter-end. Shareholders’ equity stood at $328.3 million, with common shares outstanding declining to 24.8 million due to repurchases.
Pioneer Bancorp, Inc. filed an amendment to provide full financial statements and unaudited pro forma data for its completed acquisition of Targeted Lending Co., LLC. Pioneer Bank, through subsidiary Targeted Lending Holdings, acquired 100% of Targeted Lending’s membership interests for a base purchase price of approximately $54 million, with total preliminary consideration of $124,441 (dollars in thousands) including $122,841 cash paid and $1,600 contingent consideration.
The preliminary purchase price allocation assigns Targeted Lending identifiable net assets of $108,733 (dollars in thousands), including loans net of allowance of $104,086, technology intangibles of $1,200, and customer relationship intangibles of $8,100, with resulting goodwill of $15,708 (dollars in thousands). On a pro forma basis as of December 31, 2025, combined total assets are $2,280,992 (dollars in thousands) and loans receivable are $1,778,220 (dollars in thousands). Pro forma net income for 2025 is $21,214 (dollars in thousands), with basic and diluted earnings per share of $0.87 and $0.86, respectively.
Pioneer Bancorp, Inc. reported net income of $3.5 million, or $0.14 per share, for the quarter ended June 30, 2026, down from $6.5 million, or $0.26 per share, a year earlier. Six‑month net income was $8.8 million, or $0.36 per share, versus $12.2 million, or $0.49 per share.
Net interest income grew to $22.9 million for the quarter from $19.6 million, and net interest margin improved to 4.30% from 4.13%, driven by higher yields on interest‑earning assets and loan growth, including loans from the Targeted Lending acquisition. Noninterest income also increased, but noninterest expense rose sharply to $22.2 million from $14.7 million, reflecting higher professional fees, compensation from added staff, and litigation‑related costs, pushing the efficiency ratio to 78.33%.
Total assets reached $2.36 billion and deposits $1.97 billion at June 30, 2026, with non‑performing assets at $9.4 million, or 0.40% of total assets. Tier 1 leverage capital was 9.97%. The company completed several acquisitions, including Targeted Lending in an approximately $140 million all‑cash transaction, and repurchased 231,609 shares at an average price of $14.84.
Pioneer Bancorp, Inc. announced that on July 29, 2026 it acquired The College Advisor of New York and launched a dedicated College Advising Division. The acquired firm focuses on helping families manage college search, admissions and affordability decisions through personalized guidance.
Founder Dr. Dean Skarlis becomes Vice President of College Advising and will lead the new division with his existing team, integrating college planning with financial strategy for high school students and their parents. The move builds on Pioneer’s More Than a Bank strategy by extending services beyond traditional banking into education-focused advisory offerings.
Pioneer is a financial holding company with more than $2 billion in assets and 23 offices in New York’s Capital Region, providing diversified financial services through multiple subsidiaries.
Pioneer Bancorp, Inc./MD director Michael T. Keegan filed an initial report of beneficial ownership on Form 3. The filing lists 8,000 shares of the company’s Common Stock held directly after the reported event, with no specific purchase or sale transaction disclosed.
Pioneer Bancorp, Inc. appointed Michael T. Keegan, a recently retired banking executive, to its Board of Directors effective July 21, 2026. He is expected to join the Board’s Audit and Compensation Committees, and will be eligible to participate in the 2020 Equity Incentive Plan and the Pioneer Bank Board of Trustees and Executive Employees Deferred Compensation Plan. The company states there are no related-party transactions or special arrangements connected with his selection.
Keegan previously served as Senior Executive Vice President and Head of Community Banking at M&T Bank, retiring in 2025 after 31 years and more than four decades in commercial and community banking, strategic growth, and community development. Pioneer describes itself as a financial holding company with more than $2 billion in assets, operating 23 offices in New York’s Capital Region through Pioneer Bank, National Association, and providing banking, insurance, employee benefits, human resources consulting, wealth management, equipment finance, and municipal bond trading services.
Pioneer Bancorp, Inc. executive Thomas Signor reported a routine tax-related share disposition. On May 21, 2026, 1,442 shares of Common Stock were withheld at $14.97 per share to satisfy tax obligations, which is not an open-market sale. After this transaction, he directly holds 17,116 shares of Common Stock.
He also holds stock options on 40,000 shares of Common Stock with an exercise price of $9.39 per share, expiring on May 21, 2034. Footnotes state these stock options vest at a rate of 20% per year commencing on May 21, 2025, and that his direct holdings include restricted stock vesting 20% per year from the same date.
Pioneer Bancorp EVP and CBO Jesse Tomczak reported routine share and option positions, along with a tax-related share transfer. On May 21, 2026, 3,605 shares of Common Stock were used in a tax-withholding disposition at $14.97 per share. After this, he held 37,395 shares of Common Stock directly, which include restricted stock that vests 20% per year starting May 21, 2025, and 2,839 shares indirectly through a 401(k). He also held stock options on 100,000 shares of Common Stock with a $9.39 exercise price, expiring on May 21, 2034, vesting 20% per year from May 21, 2025.
Pioneer Bancorp, Inc./MD EVP and CHRO Susan M. Hollister reported a tax-withholding share disposition and updated holdings. On May 21, 2026, 2,523 shares of common stock were disposed of as a tax-withholding transaction at $14.97 per share. After this, she held 29,954 common shares directly and 29,463 common shares indirectly through a 401(k). She also held stock options on 75,000 shares of common stock with a $9.39 exercise price, expiring on May 21, 2034, which vest at 20% per year starting May 21, 2025. Restricted stock is included in the reported holdings and also vests at 20% per year from the same date.