Pioneer Bancorp, Inc. Reports Third Quarter 2025 Results

Pioneer Bancorp, Inc., a leading financial institution in New York’s Capital Region, has released its financial results for the third quarter of 2025. The company reported a net income of $4.3 million for the three months ended September 30, 2025, a decrease from $6.3 million in the same period last year. For the nine months ended September 30, 2025, net income was $16.5 million, up from $15.0 million in the prior year.

Financial Highlights

Key financial metrics for the reporting period include:

• Net interest income increased by 12.9% to $20.2 million for the three months ended September 30, 2025, compared to $17.9 million for the same period in 2024.
• Net interest margin improved to 4.16% for the three months ended September 30, 2025, up from 4.12% in the prior year.
• Deposits grew by 19.5% to $1.90 billion as of September 30, 2025, from $1.59 billion at the end of 2024.
• Total assets increased by 13.3% to $2.24 billion at September 30, 2025, from $1.98 billion at December 31, 2024.

Business and Operational Highlights

Pioneer Bancorp, Inc. reported significant growth in its loan portfolio, with net loans receivable increasing by 12.5% to $1.61 billion as of September 30, 2025. The company also completed the acquisition of Brown Financial Management Group, LLC, adding $73 million of assets under management to its wealth management subsidiary.

Strategic Initiatives and Corporate Developments

During the third quarter, Pioneer repurchased 463,126 shares of its common stock at an average price of $12.82 per share. This repurchase is part of a stock repurchase program announced in May 2024, which allows for the repurchase of up to 5% of its outstanding common stock.

Management's Perspective

Thomas Amell, President and CEO, commented on the results, stating, “Our financial results for the third quarter of 2025 reflect Pioneer’s consistent focus on our relationship-based model of creating client advocacy through highly engaged employees. We experienced positive momentum for the quarter with growth in net interest income and margin, reflecting an increased loan portfolio, growth in our diversified deposit base, and prudently managed funding costs.”

Future Outlook

The company remains committed to its strategy of being “More Than a Bank” by providing a wide range of seamless, integrated products and services. The acquisition of Brown Financial Management Group, LLC is expected to further expand its wealth management business, contributing to future growth.

Original SEC Filing: Pioneer Bancorp, Inc./MD [ PBFS ] - 8-K - Oct. 30, 2025