Filing Flows › Pioneer Bancorp (PBFS) › Q1 2025
Pioneer Bancorp (PBFS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Pioneer Bancorp (PBFS) reported revenue of $22.8M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 32.5%, net earnings $5.8M (25.3% of revenue).
Pioneer Bancorp, Q1 2025: revenue $22.8M (+6% year over year), operating margin 32.5%, net earnings $5.8M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.8M | +2% | +6% |
| Operating profit | $7.4M | +76% | +22% |
| Net earnings | $5.8M | +75% | +22% |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $22.8M in Q1 2025, up 6% year over year and up 2% from the previous quarter.
Operating profit was $7.4M, a 32.5% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 109% reached operating profit, above the 28% margin then. Total costs fell 1% while revenue rose 6%. The fastest-growing cost line was Credit loss provision (+826%). Net earnings were $5.8M, up 22% year over year. The effective tax rate was 22.3%.
Operating cash flow was −$3.5M. Non-cash charges added back $583K of depreciation and amortization and $351K of share-based compensation. Working capital and other items used $10.2M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$4.9M.
Questions
What was Pioneer Bancorp's revenue in the first quarter 2025?
Pioneer Bancorp (PBFS) reported revenue of $22.8M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before.
Was Pioneer Bancorp profitable in the first quarter 2025?
Operating profit was $7.4M (32.5% of revenue) and net earnings $5.8M.
Source: Pioneer Bancorp 10-Q on SEC EDGAR.