Pioneer Bancorp Q2 FY26 net income drops 46.15% to $3.5 million

• Pioneer Bancorp net income fell 46.15% to $3.5 million in the quarter ended June 30, 2026.
• Net interest income rose 16.5% to $22.85 million, lifting net interest margin 17 basis points to 4.3%.
• Non-interest expense jumped 50.6% to $22.2 million, including a $2.9 million increase in litigation-related expense.
• Total assets climbed 9.9% to $2.36 billion at June 30, 2026; net loans receivable increased 13.6% to $1.87 billion.
• Completed Targeted Lending acquisition for $144.1 million, adding about $120 million of loans and forming a nationwide Specialty Financing division.

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