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Pioneer Bancorp, Inc./MD
PBFSCIK 0001769663NasdaqAcceleratedSmaller ReportingSavings Institutions, Not Federally CharteredMarylandFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$20.29M
Total Assets
$2.15B
Equity
$323.86M
Shares Out
25.08M
Op. Cash Flow
$11.12M
Business
Pioneer Bancorp, Inc. is a bank holding company that operates through its subsidiary, Pioneer Bank, National Association, providing traditional banking services across upstate New York's Capital Region. The Bank offers commercial real estate loans, commercial and industrial loans, construction loans, residential mortgage loans through a third-party partnership, home equity products, and consumer loans, along with deposit products including demand, savings, money market, and certificate of deposit accounts. Operating 21 retail banking offices plus wealth management and insurance subsidiaries, Pioneer serves retail, business, and municipal customers primarily in Albany, Greene, Rensselaer, Saratoga, Schenectady, and Warren Counties in New York.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Loans | 92 | 72 | 55 | 40 | 42 | |
| Securities | 15 | 10 | 10 | 3 | 1 | |
| Interest-earning deposits with banks and other | 3 | 6 | 6 | 1 | 315,000 | |
| Total interest and dividend income | 110 | 88 | 71 | 44 | 44 | |
| Deposits | 28 | 21 | 5 | 1 | 2 | |
| Borrowings and other | 2 | 1 | 872,000 | 97,000 | 84,000 | |
| Total interest expense | 30 | 22 | — | — | — | |
| Net interest income | 79 | 67 | 66 | 42 | 42 | |
| Provision for credit losses | 4 | 3 | — | — | — | |
| Net interest income after provision for credit losses | 75 | 64 | 66 | 43 | 38 | |
| Bank fees and service charges | 6 | 6 | 6 | 6 | 7 | |
| Insurance and wealth management services | 10 | 9 | 7 | 7 | 7 | |
| Net gain on equity securities | — | 735,000 | 374,000 | −37,000 | 2 | |
| Net gain (loss) on securities available for sale transactions | — | −6 | — | 38,000 | — | |
| Litigation-related income | — | 6 | — | — | — | |
| Other | 1 | 100,000 | 787,000 | 257,000 | 536,000 | |
| Total noninterest income | 17 | 16 | 14 | 14 | 16 | |
| Salaries and employee benefits | 34 | 29 | 27 | 26 | 26 | |
| Net occupancy and equipment | 8 | 7 | 7 | 7 | 6 | |
| Data processing | 4 | 5 | 5 | 4 | 4 | |
| Advertising and marketing | 1 | 729,000 | 825,000 | 520,000 | 618,000 | |
| Insurance premiums | 993,000 | 913,000 | 908,000 | 819,000 | 425,000 | |
| Federal Deposit Insurance Corporation insurance premiums | 914,000 | 1 | 857,000 | 765,000 | 1 | |
| Professional fees | 9 | 11 | 5 | 4 | 4 | |
| Goodwill impairment loss | 2 | 0 | — | — | — | |
| Other | 7 | 6 | 5 | 5 | 4 | |
| Total noninterest expense | 66 | 61 | 52 | 44 | 51 | |
| Income before income taxes | 26 | 19 | 28 | 13 | 3 | |
| Income tax expense | 6 | 4 | 6 | 3 | 2 | |
| Net income | 20 | 15 | 22 | 10 | 1 | |
| Basic (in dollars per share) | 0.83 | 0.61 | 0.87 | 0.41 | 0.04 | |
| Diluted (in dollars per share) | 0.83 | 0.61 | 0.87 | 0.41 | 0.04 | |
| Weighted average shares outstanding - basic (in shares) | 24 | 25 | 25 | 25 | 25 | |
| Weighted average shares outstanding - diluted (in shares) | 25 | 25 | 25 | 25 | 25 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-06-30 | FY 2023 2023-12-31 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 30 | 26 | 37 | — | 34 | |
| Federal funds sold | 3 | 4 | 14 | — | 2 | |
| Interest-earning deposits with banks | 101 | 67 | 115 | — | 115 | |
| Cash and cash equivalents | 134 | 97 | 165 | — | 150 | |
| Securities available for sale, at fair value | 220 | 322 | 257 | — | — | |
| Securities held to maturity, net of allowance for credit losses of $452 at December 31, 2025 and $216 at December 31, 2024 (fair value of $40,175 at December 31, 2025 and $22,457 at December 31, 2024) | 42 | 25 | 25 | — | — | |
| Federal Reserve Bank of New York and Federal Home Loan Bank of New York stock | 6 | 5 | 4 | — | 1 | |
| Loans receivable | 1,672 | 1,456 | 1,366 | — | — | |
| Allowance for credit losses | −25 | −22 | −22 | −21 | — | |
| Net loans receivable | 1,646 | 1,435 | 1,344 | — | — | |
| Accrued interest receivable | 9 | 8 | 8 | — | 7 | |
| Premises and equipment, net | 36 | 35 | 40 | — | 42 | |
| Bank-owned life insurance | 15 | 16 | 16 | — | 16 | |
| Goodwill | 10 | 11 | 11 | — | 9 | |
| Other intangible assets, net | 3 | 3 | 3 | — | 2 | |
| Other assets | 31 | 23 | 23 | — | 26 | |
| Total assets | 2,151 | 1,980 | 1,895 | — | 1,856 | |
| Non-interest bearing deposits | 456 | 454 | 445 | — | 526 | |
| Interest bearing deposits | 1,283 | 1,132 | 1,105 | — | 1,016 | |
| Total deposits | 1,739 | 1,586 | 1,550 | — | 1,542 | |
| Mortgagors' escrow deposits | 9 | 8 | 10 | — | 8 | |
| Borrowings from Federal Home Loan Bank of New York | 50 | 40 | — | — | — | |
| Other liabilities | 29 | 41 | 39 | — | 40 | |
| Total liabilities | 1,827 | 1,675 | 1,599 | — | 1,589 | |
| Commitments and contingent liabilities - See Note 14 | — | — | — | — | — | |
| Preferred stock ($0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding as of December 31, 2025 and December 31, 2024) | — | — | — | — | — | |
| Common stock ($0.01 par value, 75,000,000 shares authorized 25,072,214 and 25,978,904 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) | 251,000 | 260,000 | 263,000 | — | 260,000 | |
| Additional paid in capital | 115 | 114 | 113 | — | 114 | |
| Retained earnings | 203 | 194 | 188 | — | 173 | |
| "Unallocated common stock of Employee Stock Ownership Plan (""ESOP"")" | −9 | −10 | −10 | — | −11 | |
| Accumulated other comprehensive income | 14 | 6 | 5 | — | −10 | |
| Total shareholders' equity | 324 | 305 | 297 | — | 267 | |
| Total liabilities and shareholders' equity | 2,151 | 1,980 | 1,895 | — | 1,856 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net income | 20 | 15 | 22 | 10 | 1 | |
| Depreciation and amortization | 2 | 3 | 3 | 3 | 3 | |
| Net accretion on securities | −5 | −2 | 53,000 | 2 | 763,000 | |
| ESOP compensation | 627,000 | 472,000 | 513,000 | — | — | |
| (Earnings) loss on bank-owned life insurance | −492,000 | 313,000 | −300,000 | 47,000 | — | |
| Net gain on sale or write-down of other real estate owned | −65,000 | −55,000 | — | — | — | |
| Proceeds from sale of loans | 3 | 92,000 | 100,000 | 108,000 | 317,000 | |
| Net (gain) loss on sale of loans | −48,000 | 9,000 | −2,000 | −3,000 | −27,000 | |
| Loss on sale, disposal or impairment of premises and equipment, net | 4,000 | 288,000 | — | — | — | |
| Gain on termination of finance lease, net | −11,000 | — | — | — | — | |
| Net gain on calls of securities held to maturity | −128,000 | — | — | — | — | |
| Stock-based compensation expense | 1 | 154,000 | — | — | — | |
| Deferred tax (benefit) expense | −2 | −188,000 | 855,000 | 708,000 | −1 | |
| Increase in accrued interest receivable | −952,000 | −365,000 | −3 | −577,000 | −579,000 | |
| (Increase) decrease in other assets | −2 | 2 | 4 | 22 | 21 | |
| (Decrease) increase in other liabilities | −10 | −2 | −426,000 | 14 | 6 | |
| Changes in operating leases | −6,000 | 20,000 | — | — | — | |
| Net cash provided by operating activities | 11 | 24 | 26 | 50 | 33 | |
| Proceeds from maturities, paydowns and calls of securities available for sale | 213 | 144 | 188 | 104 | 57 | |
| Proceeds from sales of securities available for sale | 0 | 75 | 0 | 5 | 0 | |
| Purchases of securities available for sale | −102 | −33 | −141 | −343 | −246 | |
| Proceeds from maturities and paydowns of securities held to maturity | 21 | 3 | 3 | 5 | 4 | |
| Purchases of securities held to maturity | −37 | −4 | −3 | −18 | −8 | |
| Proceeds from sales of equity securities | — | 3 | 0 | 803,000 | 8 | |
| Net purchases of FHLBNY and FRBNY stock | −807,000 | −2 | −105,000 | — | — | |
| Net increase in loans receivable | −219 | −200 | −162 | 99 | 62 | |
| Purchases of premises and equipment | −2 | −838,000 | −451,000 | — | — | |
| Proceeds from bank-owned life insurance death benefit | 1 | — | 1 | — | — | |
| Proceeds from sale of other real estate owned | 660,000 | 106,000 | — | — | — | |
| Cash paid for acquisitions | −480,000 | −2 | — | −2 | — | |
| Net cash used in investing activities | −126 | −18 | −115 | −148 | −125 | |
| Net increase (decrease) in deposits | 153 | 8 | −138 | 149 | 261 | |
| Net increase (decrease) in mortgagors' escrow deposits | 1 | 2 | 2 | −225,000 | −233,000 | |
| Proceeds from exercise of stock options | 76,000 | — | — | — | — | |
| Proceeds from FHLBNY borrowings, net | 10 | — | — | — | — | |
| Payments on acquisition contingent consideration | −750,000 | −124,000 | −734,000 | — | — | |
| Repurchase of common stock | −11 | −1 | — | — | — | |
| Purchase of employee restricted shares to fund statutory tax withholding | −145,000 | — | — | — | — | |
| Repayment of finance lease liability | −88,000 | −102,000 | −114,000 | — | — | |
| Net cash provided by (used in) financing activities | 152 | 9 | −137 | 149 | 261 | |
| Net increase (decrease) in cash and cash equivalents | 37 | 15 | −226 | 51 | 168 | |
| Interest | 30 | 22 | 5 | 1 | 2 | |
| Income taxes | 9 | 5 | 5 | 2 | 2 | |
| Loans transferred to other real estate owned | 595,000 | 204,000 | — | 550,000 | 258,000 | |
| Acquisition contingent consideration payable | 720,000 | 1 | — | 858,000 | — | |
| Right of use assets obtained in exchange for new finance lease liabilities | — | 26,000 | — | — | — | |
| Right of use assets obtained in exchange for new operating lease liabilities | 88,000 | 199,000 | — | — | — |
Filings
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Frequently asked questions
What is Pioneer Bancorp, Inc./MD's CIK number?
Pioneer Bancorp, Inc./MD's SEC CIK number is 0001769663 (1769663). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Pioneer Bancorp, Inc./MD's SEC filings?
All of Pioneer Bancorp, Inc./MD's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Pioneer Bancorp, Inc./MD last report earnings?
Pioneer Bancorp, Inc./MD (PBFS) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-053068). This is Pioneer Bancorp, Inc./MD's most recent earnings filing of record — not a forecast of its next earnings date.
What is Pioneer Bancorp, Inc./MD's most recent earnings 8-K?
Pioneer Bancorp, Inc./MD's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-053068. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Pioneer Bancorp, Inc./MD's latest earnings 8-K →
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