secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001558370-23-015033
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023015033/0001558370-23-015033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023015033/pbfs-20230816x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-015033

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