Pioneer Bancorp (PBFS) risk factors
Item 1A of every Pioneer Bancorp, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors48 risks8 new7 dropped13 reworded
Pioneer Bancorp added risks regarding a $2.0 million goodwill impairment, artificial intelligence adoption, and ongoing fraud and litigation. Insurance carriers denied or conditioned coverage for past fraud claims. The Federal Reserve reduced the federal funds target range to 3.50% to 3.75% by December 31, 2025.
Filed Mar 12, 2026 - FY2024 10-K risk factors47 risks
Pioneer Bancorp faces heavy regional concentration risk in the Capital Region of New York across real estate loans and municipal deposits. Recent conversion to a national bank under the OCC brings heightened regulatory scrutiny, compliance costs, and public company reporting burdens.
Filed Sep 25, 2024