Pioneer Bancorp Reports $85,000 Third-Quarter Net Income, Litigation Settlements Pending

Pioneer Bancorp reported third-quarter 2026 net income of $85,000, or approximately $0.00 per diluted share, compared with $4.3 million, or $0.18 per share, a year earlier. A $6.2 million litigation-related expense significantly affected results. Net interest income rose 16.9% year over year to $23.6 million. The company and its bank subsidiary reached agreements in principle to resolve three claims, subject to definitive agreements and dismissal filings.