Pioneer Bancorp Posts Q3 Net Income of $4.3 Million
Pioneer Bancorp Inc. reported a Q3 net income of $4.3 million ($0.18 per share) for the quarter ending September 30, 2025, down from $6.3 million ($0.25 per share) in Q3 2024. For the nine months ending September 30, 2025, net income rose to $16.5 million ($0.67 per share) from $15.0 million ($0.59 per share) in the previous year. Total assets reached $2.2 billion, with deposits totaling $1.9 billion. The company also acquired Brown Financial Management Group, adding $73 million in assets under management.
Pioneer Bancorp Inc. reported net income of $4.3 million, or $0.18 per basic and diluted share, for the third quarter ended September 30, 2025, compared to $6.3 million, or $0.25 per basic and diluted share, for the same period in 2024. For the nine months ended September 30, 2025, net income was $16.5 million, or $0.67 per basic and diluted share, up from $15.0 million, or $0.59 per basic and diluted share, for the nine months ended September 30, 2024. The net interest margin for the third quarter of 2025 was 4.2%, an increase of 0.04 percentage points from the third quarter of the previous year. Total assets at September 30, 2025, were $2.2 billion, with $1.6 billion in net loans receivable, $254.5 million in securities available for sale, and $228.6 million in cash and cash equivalents. Deposits totaled $1.9 billion, with a base diversified across retail (49%), commercial (19%), and municipal (32%) customer relationships. Shareholders’ equity was $314.2 million at September 30, 2025, an increase of $9.6 million from December 31, 2024. This change was driven by net income and an increase in accumulated other comprehensive income, partially offset by the repurchase of common stock totaling $10.9 million. The company maintained a Tier 1 (leverage) capital to average assets ratio of 11.5% at the end of the period. During the quarter, Pioneer Bancorp completed the acquisition of Brown Financial Management Group, LLC, adding $73 million in assets under management to its wealth management subsidiary. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-104486), on October 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
