CLEWISTON, FL, October 28, 2025 – Pioneer Bankcorp, Inc (OTC Markets: PBKC) the holding company for First Bank, today reported earnings for the nine months ended September 30, 2025. All comparisons noted below are for the nine months ending September 30, 2024.

Pioneer Bankcorp reported strong financial results for the nine months ending September 30, 2025.  Total assets rose to $786.7 million, up 8% from $728.7 million. Net loans increased 9.6% to $459.9 million, while deposits grew 7% to $700 million. The investment portfolio expanded 18.2% to $224.4 million, and stockholder equity rose 18.4% to $72.2 million.

Pioneer Bankcorp’s asset quality and capital position remained exceptionally strong through the first nine months of 2025. Non-performing assets declined to just 0.01% of total assets, down from 0.03% in the prior year, underscoring the bank’s disciplined credit underwriting and portfolio management. The allowance for loan losses increased slightly to 1.75% of total loans, up from 1.70%, reflecting a cautious approach to provisioning amid continued loan growth.  The Tier One Leverage Ratio increased to 9.47%, and the Total Risk-Based Capital Ratio remained solid at 15.95%, both well above regulatory requirements.

Net income for the period reached $8.44 million, a 25.9% increase from $6.70 million in the prior year, with earnings per share rising to $7.47 from $5.93. Return on average assets increased to 1.44% and return on average equity rose to 16.75%. Interest income grew 16% to $28.93 million, and net interest income increased nearly 20% to $22.5 million. Non-interest income declined slightly, while non-interest expenses rose 6.9%.

The net interest margin expanded to 3.98%, up from 3.58%, supported by a higher yield on interest-earning assets, which rose to 5.11% from 4.73%. The cost of funds decreased slightly to 1.18% from 1.21%. Operational efficiency also improved, with the overhead efficiency ratio dropping to 54.12% from 58.30%. These results reflect solid year-over-year growth and continued financial strength.

Andrew Couse, President & CEO, stated, “Our third quarter results reflect the Bank’s continued momentum and disciplined approach to growth. We saw steady growth in assets, loans, and deposits, while maintaining exceptional asset quality and capital strength. The expansion of our net interest margin and operational efficiency underscores the effectiveness of our team and our commitment to delivering value for our shareholders, customers, and communities."

He continued “Like most banks, we are closely monitoring the evolving economic environment, which remains uncertain and has led to a softening in loan demand this quarter and going forward. Despite these headwinds, I am pleased to report that our credit quality remains exceptionally strong, and we have not observed any meaningful signs of borrower stress across our portfolio. Our disciplined underwriting and proactive risk management continue to position us for stability and resilience, even as market conditions shift.”

About Pioneer Bankcorp

Pioneer Bankcorp, Inc. is the Bank holding company for First Bank (the “Bank”) and is located at 300 East Sugarland Highway,Clewiston,Florida.Full-servicebranchofficesarealsolocatedin the following communities:

·         Labelle -301StateRoad80

·         Clewiston - 101 SouthBerner Rd.

·         Fort Myers - 11741 Palm Beach Boulevard

·         Moore Haven - 24704 US Highway 27

·         Belle Glade - 325 South Main Street

·         Immokalee - 316 North 15^th Street

FirstBankisengagedinfinancialplanningandthesaleofbrokerageserviceproductsunderthetrademarkFirst1Financial. First Bank can be found online atwww.first1bank.com.

Non-GAAP Financial Measures

This report refers to the overhead efficiency ratio, which is computed by dividing non-interest expense by the sum of net interest income and non-interest income. This is a non-GAAP financial measure that we believe provides investors with important information regarding our operational efficiency. Comparison of our efficiency ratio with those of other companies may not be possible because other companies may calculate the efficiency ratio differently. Such information is not in accordance with generally accepted accounting principles in the United States (GAAP) and should not be construed as such. Management believes such financial information is meaningful to the reader in understanding operating performance but cautions that such information should not be viewed as a substitute forGAAP. Pioneer Bankcorp, in referring to its netincome, is referring to income under GAAP.

Forward-Looking Statements

Informationinthispressreleasemaycontain“forward-lookingstatements.”Thesestatementsreflectmanagement'scurrent beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. As such, actual results and outcomes may materially differ from what may be expressed or forecast in such forward-looking statements. Factors that could cause a difference include, among others: changes in the national and local economies or market conditions; changes in interest rates,deposit levels, loan demand and asset quality, including realestate and other collateral values; changes in banking regulations and accounting principles, policies, or guidelines; and the impact of competition from traditional or new sources.These and other factors that may emerge could cause decisions and actual results to differ materially from current expectations. Pioneer Bankcorp takes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this pressrelease.