Pioneer Bancorp, Inc. Reports Net Income of $9.6 Million

 

"Albany, N.Y. – January 30, 2025 – Pioneer Bancorp, Inc. (“Pioneer”) (NASDAQ: PBFS), a leading financial institution in New York’s Capital Region, today reported the results for the three and six months ended December 31, 2024. As previously announced, Pioneer has changed its fiscal year end to December 31 from June 30 and as a result of this change the three months ended December 31, 2024 is the second three months of Pioneer’s six month transition period ended December 31, 2024.

Net income for the three and six months ended December 31, 2024 was $3.3 million, or $0.13 per basic and diluted share, and $9.6 million, or $0.38 per basic and diluted share, respectively, as compared to $3.2 million, or $0.13 per basic and diluted share, and $6.6 million, or $0.26 per basic and diluted share for the three and six months ended December 31, 2023, respectively."

Read the full press release here.