---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008305"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T17:15:44.191813+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-008305
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837023008305/0001558370-23-008305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837023008305/pbfs-20230505x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008305
- JSON: https://secwatch.observer/filing/0001558370-23-008305.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008305.txt

## Key facts
- Earnings Releases
  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
  source text: Pioneer Bancorp, Inc. Reports Third Quarter Fiscal 2023 Net Income of $6.0 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023008305/0001558370-23-008305-index.htm

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