---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010485"
form_type: "8-K"
ticker: "PBFS"
cik: "0001769663"
company_name: "Pioneer Bancorp, Inc./MD"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:27:37.228141+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Bancorp FY2024 net income $15.3M ($0.61/share) down 30% from $21.9M prior year

## Summary
- FY2024 net income $15.3M vs $21.9M; diluted EPS $0.61 vs $0.87. Q4 net income $3.9M ($0.16).
- Net loans receivable up 17.5% to $1.34B; non-performing assets improved to 0.49% of assets.
- Net interest income $66.5M (+1.5%); net interest margin 3.78% (+6 bps); provision for credit losses $2.7M.
- Noninterest income up 15.4% to $16.3M from litigation settlement and wealth mgmt acquisition; noninterest expense up 17.2% to $60.7M.
- Repurchased 106,386 shares at avg $9.97 in Q4 under new 5% buyback program; $1.1M total spent.

## SEC filing metadata
- accession: 0001558370-24-010485
- form_type: 8-K
- ticker: PBFS
- cik: 0001769663
- company_name: Pioneer Bancorp, Inc./MD
- filed_at: 2024-07-31T23:59:59+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/1769663/000155837024010485/0001558370-24-010485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769663/000155837024010485/pbfs-20240731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010485
- JSON: https://secwatch.observer/filing/0001558370-24-010485.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010485.txt

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