Pioneer Bancorp | 8-K: FY2025 Q3 Revenue: USD 32.1 M

Revenue: As of FY2025 Q3, the actual value is USD 32.1 M.

EPS: As of FY2025 Q3, the actual value is USD 0.18.

EBIT: As of FY2025 Q3, the actual value is USD -14.59 M.

Net Income

• Net income for the three months ended September 30, 2025, was $4.3 million, compared to $6.3 million for the same period in 2024.
• For the nine months ended September 30, 2025, net income was $16.5 million, compared to $15.0 million for the same period in 2024.

Net Interest Income and Margin

• Net interest income for the three months ended September 30, 2025, increased by $2.3 million, or 12.9%, to $20.2 million from $17.9 million in the same period in 2024.
• For the nine months ended September 30, 2025, net interest income increased by $6.5 million, or 12.3%, to $58.9 million from $52.4 million in 2024.
• Net interest margin increased to 4.16% for the three months ended September 30, 2025, from 4.12% in the same period in 2024.

Noninterest Income and Expense

• Noninterest income for the three months ended September 30, 2025, decreased by $303,000, or 7.4%, to $3.8 million from $4.1 million in the same period in 2024.
• Noninterest expense for the three months ended September 30, 2025, increased by $2.9 million, or 20.0%, to $17.6 million from $14.7 million in the same period in 2024.

Asset Quality

• Non-performing assets were $12.0 million, or 0.53% of total assets, at September 30, 2025, compared to $5.2 million, or 0.27% of total assets, at December 31, 2024.
• The allowance for credit losses on loans was $24.6 million at September 30, 2025, representing 1.50% of total loans outstanding.

Balance Sheet Highlights

• Total assets were $2.24 billion at September 30, 2025, an increase of $263.6 million, or 13.3%, from December 31, 2024.
• Net loans receivable increased by $179.4 million, or 12.5%, to $1.61 billion at September 30, 2025.
• Deposits increased by $308.8 million, or 19.5%, to $1.90 billion at September 30, 2025.

Outlook / Guidance

• Pioneer Bancorp, Inc. remains committed to expanding its wealth management business, as evidenced by the acquisition of Brown Financial Management Group, LLC, which added $73 million of assets under management.
• The company continues to focus on its relationship-based model to drive growth in net interest income and margin.