PBFS

Shares of Pioneer Bancorp, Inc. PBFS have declined 3.70% since reporting second-quarter 2026 results, while the S&P 500 has returned 6.20%. That represents 9.90 percentage points of underperformance. Over the past month, Pioneer shares have declined 0.60% against a 4.10% advance for the index. For the three months ended June 30, net interest income plus non-interest income was $28.32 million, up 16% from $24.41 million a year earlier. However, net income fell 46% to $3.48 million from $6.45 million as expense growth exceeded the increase in income. Earnings per share decreased 46.20% to 14 cents from 26 cents in the prior-year quarter. Net interest income rose 16.50% to $22.85 million, while non-interest income increased 13.70% to $5.46 million. Pioneer Bancorp, Inc. price-consensus-eps-surprise-chart | Pioneer Bancorp, Inc. Quote The net interest margin expanded 17 basis points to 4.30% from 4.13%, and the net interest rate spread widened 27 basis points to 3.58%. As of June 30, net loans were $1.87 billion, up $224.60 million, or 13.60%, from Dec. 31, largely reflecting the Targeted Lending acquisition, residential mortgage purchases and commercial construction originations. Deposits increased $229.80 million, or 13.20%, to $1.97 billion, supporting total asset growth of 9.90% to $2.36 billion. Brokered deposits rose $174.50 million to $284.70 million as Pioneer Bancorp funded loan growth and the acquisition. Estimated uninsured deposits after exclusions declined to 13.40% of deposits from 16.60%. Non-performing assets improved to $9.40 million, or 0.40% of assets, from $11.30 million, or 0.52%, as of Dec. 31. The loan-loss allowance increased to $28.07 million from $25.31 million, although coverage slipped to 1.48% of loans from 1.51%. Quarterly net charge-offs climbed to $1.50 million from $70 thousand, including an $854-thousand charge-off tied to one commercial borrower and charge-offs on acquired Targeted Lending loans. The provision, nonetheless, decreased to $1.35 million from $1.55 million because management cited improved portfolio credit quality, partly offset by loan growth and higher charge-offs. President and CEO Thomas Amell said that the quarter reflected momentum in net interest income and margin, driven by loan expansion, a diversified deposit base and management of funding costs. He also characterized the acquisitions as advancing Pioneer Bancorp’s “More Than a Bank” strategy by broadening capabilities and diversifying revenues. Management said that its strategic priorities are deepening client relationships, balancing the loan portfolio, increasing lower-cost core deposits, pursuing selective acquisitions and investing in employee engagement, client experience and community development. The average yield on interest-earning assets increased 32 basis points to 6.04%, while their average balance rose $232.30 million, lifting interest income 18% to $31.87 million. The benefit was partly offset as interest expenses increased 21.90% to $9.02 million. Average interest-bearing deposits rose $251.50 million to $1.44 billion, and their average cost increased 8 basis points to 2.42%, reflecting greater use of higher-cost money-market and certificate accounts. Fee growth came from insurance and wealth management services, bank charges and a $187-thousand gain on loan sales, although the prior-year quarter included a $550-thousand bank-owned life-insurance death benefit. More significantly, non-interest expenses surged 50.60% to $22.18 million. Professional fees increased to $4.03 million from $1.85 million, salaries and benefits rose to $9.96 million from $8.51 million, and other expenses climbed to $3.98 million from $0.87 million, including a $2.90-million increase in litigation-related expenses. Acquisition costs, higher legal fees, merit increases and added employees also contributed. The effective tax rate rose to 27.20% from 20.70% due to more non-deductible expenses. Pioneer Bancorp completed the acquisition of equipment financer Targeted Lending on April 24 for $144.09 million of consideration, including debt settlement and contingent consideration. The deal added $121.86 million of net loans and contributed $3.20 million to revenues and $1.20 million of earnings from closing through June 30. Targeted Lending now operates as Pioneer Bancorp’s Specialty Financing division, extending commercial lending nationwide. On April 20, Pioneer Bancorp acquired Reiser Consulting Group and Wyndham Benefits for $1.20 million in cash plus $645 thousand of contingent consideration, expanding its employee-benefits business. After the quarter-end, Pioneer Bancorp acquired The College Advisor of New York on July 16, adding college-search and admissions advisory services. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pioneer Bancorp, Inc. (PBFS): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Pioneer Bancorp (NASDAQ:PBFS). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That makes EPS growth an attractive quality for any company. Pioneer Bancorp managed to grow EPS by 15% per year, over three years. That's a good rate of growth, if it can be sustained. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. It's noted that Pioneer Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. While we note Pioneer Bancorp achieved similar EBIT margins to last year, revenue grew by a solid 17% to US$92m. That's progress. In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart. Check out our latest analysis for Pioneer Bancorp While profitability drives the upside, prudent investors always check the balance sheet, too. Prior to investment, it's always a good idea to check that the management team is paid reasonably. Pay levels around or below the median, can be a sign that shareholder interests are well considered. For companies with market capitalisations between US$200m and US$800m, like Pioneer Bancorp, the median CEO pay is around US$2.3m. The CEO of Pioneer Bancorp only received US$668k in total compensation for the year ending December 2024. That looks like a modest pay packet, and may hint at a certain respect for the interests of shareholders. While the level of CEO compensation shouldn't be the biggest factor in how the company is viewed, modest remuneration is a positive, because it suggests that the board keeps shareholder interests in mind. It can also be a sign of good governance, more generally. As previously touched on, Pioneer Bancorp is a growing business, which is encouraging. To add to this, the modest CEO compensation should tell investors that the directors have an active interest in delivering the best for shareholders. All things considered, Pioneer Bancorp is definitely worth taking a deeper dive into. You still need to take note of risks, for example - Pioneer Bancorp has 1 warning sign we think you should be aware of. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in the US with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.