When was Pioneer's current stock repurchase program authorized?

Pioneer announced the adoption of the stock repurchase program on December 17, 2025. The program authorizes the repurchase of up to 5% of outstanding common stock, or approximately 1,254,027 shares. This is Pioneer's second repurchase program since completing its mutual holding company reorganization and related stock offering.

How many shares did Pioneer repurchase in Q2 2026 and at what price?

Pioneer repurchased 231,609 shares during the three months ended June 30, 2026, at an average price of $14.84 per share. The total cost of the Q2 repurchases was approximately $3.4 million based on the disclosed share count and average price.

How much authorization remains under the current buyback program?

As of June 30, 2026, Pioneer had 1,022,418 shares available for repurchase under the December 2025 program, which represents about 81.5% of the originally authorized 1,254,027 shares. At the current execution pace, the remaining authorization would support repurchases for approximately two additional years.

What execution mechanism did Pioneer use for these repurchases?

The filing does not specify whether Pioneer executed the repurchases under Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or another mechanism. Investors seeking this detail should consult additional SEC filings or company disclosures.

How did the stock repurchase affect Pioneer's overall capital position?

The repurchase program contributed to a $3.6 million reduction in shareholders' equity during the first six months of 2026. However, this reduction was more than offset by $8.8 million in net income, resulting in a net increase in shareholders' equity of $4.4 million to $328.3 million at June 30, 2026.

PBFS 8-K Filed 2026-07-30 Execution disclosure

Pioneer Bancorp repurchased 231,609 shares at $14.84 average in Q2 2026

Second-quarter execution under December 2025 authorization; 1.02M shares remain available for repurchase.

Shares repurchased232K

Avg price paid$14.84

MechanismNot specified

What the filing says

Pioneer Bancorp, Inc. (NASDAQ: PBFS) repurchased 231,609 shares of common stock during the three months ended June 30, 2026, at an average price of $14.84 per share, according to the company's Q2 2026 earnings release filed as an 8-K on July 30, 2026. The repurchases were executed under the stock repurchase program announced on December 17, 2025, which authorized the company to repurchase up to 5% of outstanding common stock, or 1,254,027 shares.

As of June 30, 2026, Pioneer had 1,022,418 shares available for repurchase under this program, representing approximately 81.5% of the originally authorized amount. The company's shareholders' equity totaled $328.3 million at quarter-end, and the stock repurchase activity resulted in a $3.6 million reduction in shareholders' equity during the first six months of 2026, offset in part by net income of $8.8 million.

This represents Pioneer's second stock repurchase program since completing its mutual holding company reorganization and related stock offering. The execution mechanism was not explicitly specified as Rule 10b-18, accelerated share repurchase, or another method in the filing.

Pioneer repurchased 231,609 shares of its common stock during the three months ended June 30, 2026 at an average price of $14.84 per share under this stock repurchase program. As of June 30, 2026, there were 1,022,418 shares available for repurchase under this program. — Pioneer Bancorp, Inc./MD 8-K filing · View on SEC EDGAR →

What this means

Pioneer's Q2 2026 buyback reduced share count by approximately 0.9% during the three-month period, with total six-month repurchases of $3.6 million partially offsetting the company's reported net income of $8.8 million. The buyback program, authorized at 5% of outstanding shares (roughly 1.25 million shares), represents a measured approach to capital management. At a repurchase pace of roughly 232,000 shares per quarter at current execution, the company would exhaust the current authorization within two years absent additional share issuances or new programs. The company's trailing net income has declined year-over-year, suggesting selective capital deployment rather than aggressive capital return.

Frequently asked questions

When was Pioneer's current stock repurchase program authorized?: Pioneer announced the adoption of the stock repurchase program on December 17, 2025. The program authorizes the repurchase of up to 5% of outstanding common stock, or approximately 1,254,027 shares. This is Pioneer's second repurchase program since completing its mutual holding company reorganization and related stock offering.
How many shares did Pioneer repurchase in Q2 2026 and at what price?: Pioneer repurchased 231,609 shares during the three months ended June 30, 2026, at an average price of $14.84 per share. The total cost of the Q2 repurchases was approximately $3.4 million based on the disclosed share count and average price.
How much authorization remains under the current buyback program?: As of June 30, 2026, Pioneer had 1,022,418 shares available for repurchase under the December 2025 program, which represents about 81.5% of the originally authorized 1,254,027 shares. At the current execution pace, the remaining authorization would support repurchases for approximately two additional years.
What execution mechanism did Pioneer use for these repurchases?: The filing does not specify whether Pioneer executed the repurchases under Rule 10b-18 open-market purchases, a 10b5-1 trading plan, or another mechanism. Investors seeking this detail should consult additional SEC filings or company disclosures.
How did the stock repurchase affect Pioneer's overall capital position?: The repurchase program contributed to a $3.6 million reduction in shareholders' equity during the first six months of 2026. However, this reduction was more than offset by $8.8 million in net income, resulting in a net increase in shareholders' equity of $4.4 million to $328.3 million at June 30, 2026.

execution small-cap community-bank rule-10b-18-not-disclosed q2-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.