earnings
confidence high
sentiment neutral
materiality 0.55
Pioneer Bancorp Q1 fiscal 2024 net income $3.4M ($0.14 EPS) down from $5.2M ($0.21) YoY
Pioneer Bancorp, Inc./MD
2024-Q1 EPS reported
$0.14
revenue$3,479,000
- Net interest income rose 8.3% to $15.9M; net interest margin expanded 53 bps to 3.76%.
- Loans grew 5.2% to $1.20B; deposits increased 6.3% to $1.64B from June 30, 2023.
- Completed Hudson Financial LLC acquisition on July 13, boosting wealth management AUM over $1B.
- Noninterest expense jumped 21.4% to $14.4M, driven by $1.8M rise in legal/professional fees.
- Non-performing assets improved to 0.73% of total assets vs 0.96% at June 30, 2023.