Pioneer Bancorp, Inc./MD (PBFS) Form 10-Q — Aug 10, 2026
Pioneer Bancorp's Q2 (period ended June 30, 2026) net income fell 46% year over year to $3.5 million, or $0.14 diluted EPS, versus $6.5 million ($0.26) a year ago, with six-month net income of $8.8 million versus $12.2 million. The drop was driven by acquisition-related costs, with professional fees more than doubling to $4.0 million and other noninterest expense jumping to $4.0 million. The quarter's centerpiece was the April 24, 2026 all-cash acquisition of equipment-finance firm Targeted Lending Co., LLC for $144.1 million in total consideration, adding roughly $120 million of loans and creating a new Specialty Financing division.
Key figures
- Eps
- 0.14
- Net Income
- 3484000
- Total Assets
- 2363635000
- Cash Position
- 94566000
- Shares Outstanding
- 24841663
- Nim q2 2025
- 4.13%
- Nim q2 2026
- 4.30%
- Eps six months
- 0.36
- Total deposits
- 1968950000
- Cecl sensitivity
- $1.7M (6.1%) ACL increase per +100bp unemployment / -100bp GDP scenario
- Loans receivable
- 1898935000
- Buyback avg price
- 14.85
- Buyback q2 shares
- 242008
- Acquired loans upb
- 121932000
- Net income six months
- 8774000
- Net interest income q2
- 22853000
- Acquisition cash portion
- $43.8 million
- Acquisition debt settled
- $98.7 million
- Buyback shares remaining
- 1022418
- Net income prior year q2
- 6451000
- Targeted lending goodwill
- 15845000
- Total shareholders equity
- 328338000
- Fhlb borrowings period end
- 0 (repaid $50.0 million)
- Insurance acquisitions cash
- $1.2 million (Reiser Consulting Group and Wyndham Benefits)
- Targeted lending contribution
- $3.2M revenue and $1.2M earnings from Apr 24 to Jun 30, 2026
- Provision for credit losses q2
- 1350000
- Acquisition total consideration
- $144.1 million (Targeted Lending)
- Contingent consideration fair value
- $1.6 million (max $3.0 million over 3 years)
Price after filing
Close on the filing date to close N calendar days later (from $17.32). Historical, not a forecast.
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