---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000693"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:42:28.238866+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-000693
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/0001558370-23-000693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/pbfs-20230130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000693
- JSON: https://secwatch.observer/filing/0001558370-23-000693.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000693.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/0001558370-23-000693-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/0001558370-23-000693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.