secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001558370-24-013952
Event type: earnings
Sentiment:  positive
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Bancorp posts record quarterly net income of $6.3M, EPS $0.25 vs $0.14 YoY
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- Net income $6.3M ($0.25 per share), up from $3.4M ($0.14) in Sep '23 quarter; record quarterly net income.
- Net loans $1.40B (+4.1% vs Jun '24); deposits $1.68B (+8.1%).
- Net interest margin 4.12%, up 36 bps YoY; credit provision was a $870K credit (improvement).
- Non-performing assets fell to $5.4M (0.27% of assets) from $9.2M (0.49%) in Jun '24.
- Closed Pioneer Commercial Bank merger Oct 1, 2024; repurchased 114,389 shares at avg $10.46 in Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837024013952/0001558370-24-013952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837024013952/pbfs-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013952

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