PBFS

Pioneer Bancorp completed the acquisition of Targeted Lending Co., LLC, creating Pioneer Specialty Financing and adding $120 million in equipment loans to its balance sheet. The company reported its first-quarter 2026 results, with an increase in net interest income but a decrease in net income due to higher noninterest expenses. Pioneer also completed the acquisitions of Reiser Consulting Group and Wyndham Benefits to expand its employee benefits business. An analysis noted that Pioneer Bancorp's growth in assets and deposits in 2025 was accompanied by increased funding costs. The stock has shown strong returns, with a nearly 29% increase over the past year.