---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000858"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:09:22.051248+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp Q2 net income falls 48% to $3.2M; net interest margin narrows, loan growth 10.5%

## Summary
- Net income $3.2M ($0.13 EPS) vs $6.2M ($0.25) a year ago; six-month net income $6.6M vs $11.4M.
- Net interest margin 3.70% (down 15 bps YoY); net interest income $16.1M (down 6.1%).
- Loans grew 10.5% to $1.26B; non-performing assets improved to 0.65% of assets.
- Recorded $6.0M litigation settlement income and $5.6M loss on securities sale from balance sheet repositioning.
- Provision for credit losses increased to $1.1M (vs credit of $400k); expenses up 17%.

## SEC filing metadata
- accession: 0001558370-24-000858
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769663/000155837024000858/0001558370-24-000858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837024000858/pbfs-20240207x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000858
- JSON: https://secwatch.observer/filing/0001558370-24-000858.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000858.txt

## Key facts
- Earnings Releases
  Pioneer Bancorp, Inc./MD reported three and six months ended December 31, 2023 (second quarter of fiscal year ended June 30, 2024) results: net income $3.2 million, EPS $0.13 per share.
  - Period: three and six months ended December 31, 2023 (second quarter of fiscal year ended June 30, 2024)
  - Net income: $3.2 million
  - EPS: $0.13 per share
  - Result: reported results
  source text: Pioneer Bancorp, Inc. Reports Second Quarter Fiscal 2024 Results Net Income of $3.2 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769663/000155837024000858/0001558370-24-000858-index.htm

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