---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000066"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T04:08:11.670479+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp sells $74.5M low-yield securities, expects $3.4M annual income boost

## Summary
- Sold $74.5M of securities (avg yield 0.83%, 2.2 yr life); recognized $5.6M pre-tax loss.
- Proceeds redeployed into deposits at ~5.40% yield; net interest income expected to improve ~$3.4M over next 12 months.
- Transaction neutral to book value per share; all regulatory capital ratios remain well above well capitalized.
- Management expects favorable impact on net income, NIM, ROAA, ROAE starting Q3 FY2024 (quarter ending March 31, 2024).

## SEC filing metadata
- accession: 0001558370-24-000066
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837024000066/0001558370-24-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837024000066/pbfs-20231228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000066
- JSON: https://secwatch.observer/filing/0001558370-24-000066.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000066.txt

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