Pioneer Bancorp (PBFS) Q2 2026 earnings summary

Executive summary

• Net income for 2025 was $20.3 million, up from $15.3 million for the prior fiscal year, with Q4 net income of $3.7 million, up from $3.3 million year-over-year.

• Earnings per share for 2025 were $0.83 basic and diluted, compared to $0.61 for the prior fiscal year.

• Strong loan and deposit growth, with net loans receivable up 14.8% and deposits up 9.6% year-over-year.

• Launched broker-dealer subsidiary and completed acquisition of Brown Financial Management Group.

Financial highlights

• Net interest income for 2025 was $79.1 million, up 19.0% year-over-year; Q4 net interest income was $20.3 million, up 15.3%.

• Interest income for 2025 was $109.5 million, up 24.0% year-over-year; interest expense rose 39.3% to $30.4 million.

• Noninterest income for 2025 was $17.1 million, up 5.0% year-over-year; noninterest expense was $66.1 million, up 8.8%.

• Income tax expense for 2025 was $6.2 million, up 49.5% year-over-year, with an effective tax rate of 23.4%.

Outlook and guidance

• Focus remains on long-term value creation, employee engagement, client experience, and community development.

• Ongoing strategy to diversify products and services and increase noninterest income.