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 executive Susan M. Hollister, EVP and CHRO, reported updated stock and option holdings. She now directly holds 32,477 shares of common stock, including restricted shares that vest 20% per year starting on May 21, 2025.
She also indirectly holds 29,463 common shares through a 401(k) plan following a discretionary transaction involving 22,389 shares at $16.092 per share under Rule 16b-3(f). In addition, she holds stock options on 75,000 common shares with a $9.39 exercise price, expiring on May 21, 2034, vesting 20% per year from May 21, 2025.
Pioneer Bancorp, Inc. reported the results of its Annual Meeting of Stockholders held on May 19, 2026. Stockholders elected three directors to three-year terms, with Stacy Hengsterman receiving 20,648,868 votes for, Dr. James K. Reed 19,989,694 for, and Edward Reinfurt 20,134,659 for.
Two additional proposals described in the April 7, 2026 proxy statement were also approved. One proposal received 22,509,721 votes for, 27,327 against and 28,193 abstentions, while another received 21,138,783 votes for, 273,291 against and 57,584 abstentions, with 1,095,583 broker non-votes on certain items.
Pioneer Bancorp, Inc. reported first quarter 2026 net income of $5.3 million, or $0.22 per diluted share, down from $5.8 million and $0.23 a year earlier. Net interest income rose to $20.8 million, with net interest margin improving to 4.21% from 4.12%, as higher loan yields more than offset modestly higher funding costs.
Noninterest expense increased to $18.1 million, up 24.2%, driven by higher professional fees, salaries and a net increase in litigation-related expense, which pushed the efficiency ratio to 73.64% from 63.97%. Total assets reached $2.22 billion, including $1.70 billion of net loans and $1.85 billion of deposits, while non-performing assets declined to 0.40% of total assets.
Pioneer completed the approximately $140 million all-cash acquisition of Targeted Lending, adding about $120 million of loans and creating a new Specialty Financing division, and also acquired Reiser Consulting Group and Wyndham Benefits to expand its employee benefits business. Capital remained strong, with a Tier 1 leverage ratio of 11.56% and an effective tax rate of 7.3% for the quarter.
Pioneer Bancorp, Inc. completed an all-cash acquisition of Targeted Lending Co., LLC on April 24, 2026, creating a new Pioneer Specialty Financing division. The transaction is valued at approximately $140 million in enterprise value and adds a nationwide equipment financing platform with about $120 million of loans.
Pioneer, through subsidiary Targeted Lending Holdings, LLC, paid a base purchase price of about $54 million for 100% of Targeted Lending’s membership interests and repaid roughly $88 million of Targeted Lending’s credit facility debt at closing. Key Targeted Lending employees can earn up to $3 million in performance-based earn-out payments over three years.