Filing Flows › Pioneer Bancorp (PBFS) › Q1 2026
Pioneer Bancorp (PBFS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Pioneer Bancorp (PBFS) reported revenue of $24.6M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -2% from the quarter before. Operating margin was 23.2%, net earnings $5.3M (21.5% of revenue).
Pioneer Bancorp, Q1 2026: revenue $24.6M (+8% year over year), operating margin 23.2%, net earnings $5.3M, operating cash flow −$161K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.6M | -2% | +8% |
| Operating profit | $5.7M | +7% | -23% |
| Net earnings | $5.3M | +41% | -8% |
| Operating cash flow | −$161K | -103% | — |
What changed
Revenue was $24.6M in Q1 2026, up 8% year over year and down 2% from the previous quarter.
Operating profit was $5.7M, a 23.2% margin (down 9.3 points year over year). Operating profit fell $1.7M even though revenue rose $1.8M versus Q1 2025, so costs grew faster than sales. Total costs grew 23% against revenue growth of 8%. The fastest-growing cost line was Noninterest expense (+24%). Net earnings were $5.3M, down 8% year over year. The effective tax rate was 7.3%.
Operating cash flow was −$161K. Non-cash charges added back $608K of depreciation and amortization and $360K of share-based compensation. Working capital and other items used $6.4M. Capital expenditures of $636K exceeded it, leaving free cash flow of −$797K.
Questions
What was Pioneer Bancorp's revenue in the first quarter 2026?
Pioneer Bancorp (PBFS) reported revenue of $24.6M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -2% from the quarter before.
Was Pioneer Bancorp profitable in the first quarter 2026?
Operating profit was $5.7M (23.2% of revenue) and net earnings $5.3M.
Source: Pioneer Bancorp 10-Q on SEC EDGAR.