Rensselaer County Chamber: Pioneer Bancorp, Inc. Reports Third Quarter 2026 Results

 

Net income for the three months ended September 30, 2026 was $85,000, or approximately $0.00 per basic and diluted share, as compared to $4.3 million, or $0.18 per basic and diluted share, for the three months ended September 30, 2025. Net income for the nine months ended September 30, 2026 was $8.9 million, or $0.37 and $0.36 per basic and diluted share, respectively, as compared to $16.5 million, or $0.67 per basic and diluted share, for the nine months ended September 30, 2025.

 

Thomas Amell, President and CEO, said, 'Our third quarter 2026 financial results reflect the strength of Pioneer’s relationship-based business model focused on creating client advocacy through our highly engaged employees. During the quarter, we experienced positive momentum across our company, highlighted by growth in net interest income and margin, driven by continued loan portfolio expansion, growth in our diversified deposit base, and prudent management of funding costs. The benefits of this positive momentum more than offset the costs of resolving the legal matters, which we recognized this quarter.'"