secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001558370-23-000693
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/0001558370-23-000693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023000693/pbfs-20230130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer