secwatch.observer — SEC 8-K summary
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Issuer:     Pioneer Bancorp, Inc./MD (PBFS)
CIK:        0001769663
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001558370-25-006003
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Bancorp Q1 net income $5.8M ($0.23/sh), up 23% YoY; NIM expands to 4.12%
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- Net income $5.8M ($0.23/sh) vs $4.7M ($0.19/sh) prior year; net interest income +10.1% to $19.1M.
- Net interest margin 4.12%, up 16 bps; loans +3.7% to $1.49B, deposits +8.5% to $1.72B.
- Non-performing assets rose to $10.7M (0.52% of assets) from $5.2M, driven by $4.7M CRE loan placed on non-accrual.
- Provision for credit losses increased to $800K from $80K; net charge-offs minimal at 0.00% annualized.
- Repurchased 130,813 shares at avg $11.87 in Q1; 774,295 shares remain under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769663/000155837025006003/0001558370-25-006003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769663/000155837025006003/pbfs-20250430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006003

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