Pioneer Bancorp Q1 FY26 net income falls 8.6% to $5.3 million

• Pioneer Bancorp reported fiscal first-quarter net income of $5.3 million, down 8.62%.
• Net interest income climbed 8.7% to $20.8 million.
• Net interest margin widened 9 basis points to 4.21%.
• Deposits increased 6.5% to $1.85 billion, while net loans receivable rose 3.3% to $1.7 billion.
• Completed acquisitions of Targeted Lending for about $140 million enterprise value, while CEO Thomas Amell said results reflected growth in net interest income and margin driven by a larger loan portfolio, a diversified deposit base, and prudently managed funding costs.

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