Pioneer Bancorp posts Q2 net income of $6.2M ($0.25/shr), net interest margin expands 144 bps to 3.85%

Pioneer Bancorp, Inc./MD

2023-Q2 EPS reported $0.45 revenue$6,859,000

Net income $6.2M ($0.25/shr) flat YoY; six-month net income $11.4M ($0.45/shr) up from $7.6M.
Net interest margin expanded 144 bps to 3.85%; net interest income up 63.3% to $17.1M.
Net loans receivable increased $65.5M (6.7%) to $1.05B from June 30, 2022.
Deposits decreased $141.9M (8.4%) to $1.54B, primarily in money market and demand accounts.
Recorded benefit to provision for loan losses of $400K due to improved credit quality and lower net charge-offs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pioneer Bancorp, Inc./MD reported the six months ended December 31, 2022 results: net income $11.4 million, EPS $0.45 per basic and diluted share.

Period: the six months ended December 31, 2022
Net income: $11.4 million
EPS: $0.45 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three and six months ended December 31, 2022 was $6.2 million, or $0.25 per basic and diluted share, and $11.4 million, or $0.45 per basic and diluted share, respectively

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pioneer Bancorp, Inc./MD reported the three months ended December 31, 2022 results: net income $6.2 million, EPS $0.25 per basic and diluted share.

Period: the three months ended December 31, 2022
Net income: $6.2 million
EPS: $0.25 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three and six months ended December 31, 2022 was $6.2 million, or $0.25 per basic and diluted share, and $11.4 million, or $0.45 per basic and diluted share, respectively

View on SEC.gov

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Source: SEC EDGAR

accession 0001558370-23-000693

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