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PBFS — Pioneer Bancorp News Story

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Pioneer Bancorp's Q4 net income rises 12% yr/yr

Corrects 'Metric' column in Key Details table to Q4 from Q2

Overview

New York financial institution's Q4 net income rises 12% yr/yr

Net interest income for Q4 up 15.3% yr/yr

Company launched broker-dealer subsidiary, Pioneer Capital Markets

Outlook

Pioneer Bancorp launches broker-dealer subsidiary to diversify products and increase noninterest income

Result Drivers

NET INTEREST INCOME - Increase driven by higher average yields on interest-earning assets and growth in average asset balances

ACQUISITION IMPACT - Acquisition of Brown Financial Management Group expanded services and customer base

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Interest Income$20.26 mln
Q4 Loan Loss Provision$560,000
Q4 Net Interest Margin4.10%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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