Pioneer Bancorp reports Q1 net interest income of USD 23.614 million
Pioneer Bancorp's first-quarter net interest income was USD 23.614 million, with a loan loss provision of USD 1.32 million and a 4.26% margin, Reuters reports.
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what happened
Pioneer Bancorp set aside a loan loss provision of USD 1.32 million in the first quarter, according to Reuters.
The bank's net interest margin for the period came in at 4.26%. The report puts net interest income at USD 23.614 million.
why it matters
Net interest margin and loan loss provisions help show how profitable a bank's lending book is and how much credit risk it carries, so these figures matter mainly to investors in the bank and its peers.
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sources
- BRIEF-Pioneer Bancorp Q1 Net Interest Income USD 23.614 Million — Reuters, 30 October 2026 at 20:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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