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
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Interest Income
$20.26 mln
Q4 Loan Loss Provision
$560,000
Q4 Net Interest Margin
4.10%
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.)