There were a number of companies which had been in focus among investors in a big way on Monday and most of those companies will be in focus today. One such company was Pioneer Bankcorp Inc (OTC:PBKC), which announced its financial results for the 2024 fiscal year yesterday. It may be a good time to take a closer look into it.
The Numbers
The company announced that it generated net income to the tune of $9.04 million for the fiscal year and that worked out to $8 per diluted common share. It reflected a strong improvement from the $7.4 million in net income in the previous fiscal year. That had delivered earnings per diluted common share of $6.44. Additionally, the loan yields went p to 5.67% in 2024 from 5.145 in the 2023 fiscal year.
Strong Improvements
The net interest income earned by Pioneer Bankcorp stood at $25.56 million and that was a strong improvement on the $21.31 million under the same segment in 2023. In the news release, the company further congratulated its team for having delivered an exceptional performance. It now remains to be seen if the Pioneer Bankcorp stock experiences any traction among investors over the coming days.
CEO Quote
“Congratulations to the First Bank team on an exceptional year. These results affirm the great work done by our team and the value of our community and relationship focused business model.” stated President & CEO Andrew Couse.
