---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015033"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:40:22.155913+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp reports FY2023 net income $21.9M, up 113% YoY; EPS $0.87

## Summary
- Net income $21.9M for FY2023 vs $10.3M prior year; diluted EPS $0.87 vs $0.41.
- Net interest margin expanded 131 bps to 3.72% for FY2023 from 2.41%.
- Net loans receivable $1.14B, up 16.4% YoY; total assets $1.86B.
- Non-performing assets increased to $17.7M (0.96% of assets) from $7.0M (0.36%) a year ago.
- Completed acquisition of Hudson Financial LLC in July 2023, adding over $1B in AUM.

## SEC filing metadata
- accession: 0001558370-23-015033
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2023-08-16T23:59:59+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/1769663/000155837023015033/0001558370-23-015033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837023015033/pbfs-20230816x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015033
- JSON: https://secwatch.observer/filing/0001558370-23-015033.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015033.txt

## Key facts
- Earnings Releases
  Pioneer Bancorp, Inc./MD reported financial results for the fourth quarter and fiscal year ended June 30, 2023.
  - Period: the fourth quarter and fiscal year ended June 30, 2023
  - Result: reported results
  source text: On August 16, 2023, Pioneer Bancorp, Inc. issued an earnings release announcing its financial results at or for the three months and fiscal year ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023015033/0001558370-23-015033-index.htm
- Earnings Releases
  Pioneer Bancorp, Inc./MD reported the three months and fiscal year ended June 30, 2023 results: net income $21.9 million, EPS $0.87 per share.
  - Period: the three months and fiscal year ended June 30, 2023
  - Net income: $21.9 million
  - EPS: $0.87 per share
  - Result: reported results
  source text: Net income for the three months and fiscal year ended June 30, 2023 was $4.5 million, or $0.18 per share, and $21.9 million, or $0.87 per share, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023015033/0001558370-23-015033-index.htm

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