Pioneer Bancorp Reports Third-Quarter 2026 Financial Results and Litigation Settlement

Pioneer Bancorp reported third-quarter 2026 net income of $85,000, or approximately $0.00 per diluted share, down from $4.3 million, or $0.18 per share, a year earlier. Results included a $6.2 million litigation-related expense, while net interest income rose 16.9% year over year to $23.6 million, supported by loan and deposit growth. The company and its bank subsidiary reached agreements in principle to resolve claims brought by Southwestern Payroll Services, Granite Solutions Groupe, and National Payment Corp.; the resolutions are subject to definitive agreements and dismissal filings.