Pioneer Bancorp Q3 net income surges to $6.0M; net interest margin up 186bps to 4.14%

Pioneer Bancorp, Inc./MD

2023-Q3 EPS reported $0.69 revenue$10,093,000

Net income $6.0M (EPS $0.24) vs $302K (EPS $0.01) in prior-year Q3; nine-month net income $17.4M.
Net interest margin expanded 186bps to 4.14%; net interest income up 76.8% to $17.5M.
Loans grew 10.5% to $1.09B; deposits declined 6.9% to $1.56B.
Nonperforming assets fell to 0.54% of total assets from 0.82% a year ago.
Management expects net interest margin pressure in Q4 due to rising deposit rates.

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 0.9

Pioneer Bancorp, Inc./MD reported three and nine months ended March 31, 2023 results: net income $6.0 million, or $0.24 per basic and diluted share, and $17.4 million, or $0.69 per basic and diluted share, respectivel.

Period: three and nine months ended March 31, 2023
Net income: $6.0 million, or $0.24 per basic and diluted share, and $17.4 million, or $0.69 per basic and diluted share, respectivel
Result: reported results

Exact text from the filing

Pioneer Bancorp, Inc. Reports Third Quarter Fiscal 2023 Net Income of $6.0 Million

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Source: SEC EDGAR

accession 0001558370-23-008305

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