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.
- FY2025 10-K risk factors
48 risks, 8 new, 7 dropped, 13 reworded since the prior year. 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 factors
47 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