secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001558370-23-017776
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023017776/0001558370-23-017776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837023017776/pbfs-20231106x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017776

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