Pioneer Bancorp, Inc. 2Q 2026: Revenue $31.9M, EPS $0.14— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Pioneer Bancorp reported Q2 2026 revenue of $31.9M, up 18% YoY, driven by loan growth and higher yields. However, net income declined to $3.484M from $6.451M in the prior year, resulting in diluted EPS of $0.14 versus $0.26. The company highlighted increased net interest income, material growth in commercial and residential loans via acquisitions, and expanded fee-income streams. Credit quality remained stable with modest provisions.
Pioneer Bancorp, Inc. reported second-quarter 2026 results with revenue of $31.9M and diluted EPS of $0.14. Revenue rose year‑over‑year on loan growth and higher yields, while net income declined to $3.484M from $6.451M in the year‑ago quarter.
Financial Highlights
- Revenue: $31.9M total interest and dividend income for Q2 2026, up from $27.0M in the year‑ago quarter (18.0% YoY).
- Net income: $3.484M for Q2 2026, vs. $6.451M in Q2 2025.
- Diluted EPS: $0.14 for Q2 2026, vs. $0.26 in the year‑ago quarter.
Business Highlights
- Net interest income rose about 16% YoY, driven by loan growth and higher yields, supporting margin and core revenue expansion.
- Net loans grew materially, led by commercial & industrial growth from the Targeted Lending acquisition and higher residential mortgage originations.
- Expanded fee-income streams through acquisitions and new capabilities, including broker‑dealer trading securities, employee benefits and college advisory services.
- Operational scale increased via multiple acquisitions and staffing additions, enhancing specialty financing, wealth services and cross‑sell opportunities.
- Credit and risk management remained a focus with CECL-based allowance monitoring; provisions were modest and credit quality showed improvements despite portfolio growth and isolated charge‑offs.
Original SEC Filing: Pioneer Bancorp, Inc./MD [ PBFS ] - 10-Q - Aug. 10, 2026