secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001558370-24-006379
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Bancorp Q3 fiscal 2024 net income $4.7M ($0.19/sh), down 22% YoY
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- Net income $4.7M ($0.19/sh) for Q3, down from $6.0M ($0.24/sh) YoY; nine-month net income $11.3M ($0.45/sh).
- Net loans grew 14.7% to $1.31B; non-performing assets improved to 0.44% of assets from 0.96% at June 30, 2023.
- Net interest margin 3.96%, down 18 bps YoY; net interest income $17.3M, down 1.1% from Q3 last year.
- Completed conversion to national bank on April 1, 2024; sold entire equity securities portfolio in March 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837024006379/0001558370-24-006379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837024006379/pbfs-20240501x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006379

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