---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017776"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:17:30.947198+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp Q1 fiscal 2024 net income $3.4M ($0.14 EPS) down from $5.2M ($0.21) YoY

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-017776
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837023017776/0001558370-23-017776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837023017776/pbfs-20231106x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017776
- JSON: https://secwatch.observer/filing/0001558370-23-017776.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017776.txt

## Key facts
- Earnings Releases
  Pioneer Bancorp, Inc./MD reported the three months ended September 30, 2023 results: net income $3.4 million, EPS $0.14 per share.
  - Period: the three months ended September 30, 2023
  - Net income: $3.4 million
  - EPS: $0.14 per share
  - Result: reported results
  source text: Pioneer Bancorp, Inc. Reports First Quarter Fiscal 2024 Results Net Income of $3.4 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837023017776/0001558370-23-017776-index.htm

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