Pioneer Bancorp | 10-Q: 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.

Loans: Interest income on loans increased by $8.3 million, or 14.1%, to $67.4 million for the nine months ended September 30, 2025, from $59.1 million for the same period in 2024, driven by a $181.4 million increase in the average balance of loans and a slight increase in the average yield on loans to 5.95%.
Securities: Interest income on securities increased by $4.8 million, or 70.7%, to $11.5 million for the nine months ended September 30, 2025, from $6.7 million for the same period in 2024, due to a $31.8 million increase in the average balance of securities and a 161 basis points increase in the average yield on securities to 4.53%.

Net Interest Income: Increased by $6.5 million, or 12.3%, to $58.9 million for the nine months ended September 30, 2025, compared to $52.4 million for the same period in 2024, with a net interest margin increase of 15 basis points to 4.10%.
Provision for Credit Losses: The provision for credit losses was $3.2 million for the nine months ended September 30, 2025, compared to a credit to the provision for credit losses of $40,000 for the same period in 2024, primarily due to growth in the loan portfolio and changes in current economic conditions.
Non-Interest Income: Increased by $306,000, or 2.5%, to $12.3 million for the nine months ended September 30, 2025, compared to $12.0 million for the same period in 2024, driven by increases in insurance and wealth management services income.
Non-Interest Expense: Increased by $1.7 million, or 3.8%, to $46.9 million for the nine months ended September 30, 2025, compared to $45.2 million for the same period in 2024, primarily due to increases in salaries and employee benefits and other expenses.

Net Cash Provided by Operating Activities: $5.4 million for the nine months ended September 30, 2025, compared to $14.3 million for the same period in 2024.
Net Cash Used in Investing Activities: - $126.4 million for the nine months ended September 30, 2025, compared to - $75.6 million for the same period in 2024.
Net Cash Provided by Financing Activities: $253.0 million for the nine months ended September 30, 2025, compared to $146.7 million for the same period in 2024.

Non-Performing Assets: Increased to $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.

Core Business Focus: The company aims to continue its strategy of being “More Than a Bank” by focusing on growth in key markets, disciplined lending, and expanding product and service offerings to meet evolving client needs. This includes the recent acquisition of certain assets of Brown Financial Management Group, LLC to expand wealth management services.
Non-Core Business: The company is not currently pursuing any significant divestitures or exploratory efforts outside its core business areas.