Pioneer Bancorp Inc
investors.pioneerny.comWhat Do They Do?
Provides banking, insurance and wealth-management services to consumers and small businesses in New York’s Capital Region.
10-K for FY2025, filed Mar 12, 2026Net Interest Income. Our primary source of income is net interest income. Net interest income is the difference between interest income…View ↗
Non-interest Income. Our primary sources of non-interest income are banking fees and service charges, and insurance and wealth management…View ↗
Our primary market area encompasses Albany, Greene, Rensselaer, Saratoga, Schenectady and Warren Counties where our offices are located…View ↗
We believe that we have developed products and services that will meet the financial needs of our current and future customer base…View ↗
How Do They Make Money?
Wealth-management brokerage brings monthly commissions from a service provider based on customer activity. The bank also earns interest on loans and investments, pays interest on deposits and borrowings, and collects insurance commissions when policies take effect, account fees for transactions and maintenance, and card fees as debit purchases process.
10-K for FY2025, filed Mar 12, 2026Wealth Management Services Income: The Company earns fees from investment brokerage services provided to its customers by a third-party…View ↗
Net Interest Income. Our primary source of income is net interest income. Net interest income is the difference between interest income…View ↗
Insurance Services Income: The Company earns revenue associated with the issuance of policies is recognized upon the effective date of the…View ↗
Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and…View ↗
Card Services Fee Income: The Company earns interchange fees from debit cardholder transactions conducted through the Mastercard payment…View ↗
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10-K for FY2025, filed Mar 12, 2026
FY2025 revenue by product or service ↗
$15.8M
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10-K for FY2025, filed Mar 12, 2026
$15.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Insurance services
Sold outright
10-K for FY2025, filed Mar 12, 2026 |
16%
FY2021: 24%
|
Insurance services, FY2025
$2.6M Sources
|
Sold outright |
|
Wealth management services
Usage-based
10-K for FY2025, filed Mar 12, 2026 |
48%
FY2021: 29%
|
Wealth management services, FY2025
$7.5M Sources
|
Usage-based |
|
Service charges on deposit accounts
|
16%
FY2021: 21%
|
Service charges on deposit accounts, FY2025
$2.5M Sources
|
|
|
Card services income
Usage-based
10-K for FY2025, filed Mar 12, 2026 |
18%
FY2021: 24%
|
Card services income, FY2025
$2.8M Sources
|
Usage-based |
|
Other
|
2.9%
FY2021: 2.3%
|
Other, FY2025
$459K Sources
|
Who Are Their Customers?
Serves consumers and small-to-medium-sized businesses in its Capital Region market. Lending staff work from its main and branch offices and receive referrals from customers and local professionals; residential mortgage applicants are referred to an outside mortgage company.
10-K for FY2025, filed Mar 12, 2026Our primary market area encompasses Albany, Greene, Rensselaer, Saratoga, Schenectady and Warren Counties where our offices are located…View ↗
We believe that we have developed products and services that will meet the financial needs of our current and future customer base…View ↗
General. Our principal lending activity has been originating commercial real estate loans (including multi-family real estate loans)…View ↗
Our commercial lending efforts focus on the small-to-medium sized business market, targeting borrowers with outstanding loan balances that…View ↗
Originations, Purchases, Participations and Sales of LoansView ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue.
10-K for FY2025, filed Mar 12, 2026
$20.3MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Jul 29, 2026
Acquired a college-advising firm
The acquisition launched a division advising families on college admissions and affordability.
Sources
8-K, filed Jul 29, 2026
On July 29, 2026, Pioneer Bancorp, Inc. (“Pioneer”), a leading financial institution in New York’s Capital Region, announced it has…View ↗
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Apr 28, 2026
Acquired an equipment-finance company
Targeted Lending adds nationwide equipment financing for small and mid-sized businesses.
Sources
8-K, filed Apr 28, 2026
On April 24, 2026, Pioneer Bank, National Association (“Pioneer” or the “Company”), through its wholly owned subsidiary, Targeted Lending…View ↗
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Apr 22, 2026
Acquired two employee-benefits firms
The purchases expand its Employee Benefits division.
Sources
8-K, filed Apr 22, 2026
On April 20, 2026, Pioneer Bancorp, Inc. (“Pioneer”), a leading financial institution in New York’s Capital Region, announced an expansion…View ↗
Growing. Revenue grew 24% in 4 years, from $12.8M in FY2020 to $15.8M in FY2025, about 5% a year.
Who Do They Compete With?
Competes with Key Bank, Citizens Bank, M&T Bank, TD Bank, Bank of America, and JP Morgan Chase
10-K for FY2025, filed Mar 12, 2026We face significant competition for deposits and loans. Our most direct competition for deposits has historically come from the numerous…View ↗
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