PBHC

Pathfinder earns $0.38 per share in the first quarter of 2026 while growing core deposits and commercial loans, expanding net interest margin from the fourth quarter of 2025, and reporting credit performance that benefited from last year’s loan portfolio review and reserve build OSWEGO, N.Y., April 29, 2026 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the first quarter ended March 31, 2026. The holding company for Pathfinder Bank (“the Bank”) reported net income attributable to common shareholders of $2.4 million or $0.38 per diluted share in the first quarter of 2026, compared to a net loss of $5.6 million, or $0.88 per diluted share in the fourth quarter of 2025 and net income of $3.0 million or $0.47 per diluted share in the first quarter of 2025. First Quarter 2026 Highlights and Key Developments First quarter 2026 net income reflected a $168,000 provision benefit attributed to lower net charge offs and overall credit performance that resulted in a small reserve reduction for loans in the first three months of this year. Fourth quarter 2025’s net loss resulted primarily from an $11.2 million credit loss provision expense, reflecting a risk-based reserve build that increased the allowance for credit losses (“ACL”) following a forward-looking assessment of loans with unique risk characteristics identified through a comprehensive review of approximately 90% of the Bank’s commercial portfolio. First quarter 2025 provision expense was $457,000. Specific reserves, including those previously established in conjunction with last year’s comprehensive commercial portfolio review, represented 63.8% of the Company’s ACL at the end of the first quarter of 2026. The ACL was $29.0 million, or 3.24% of total loans, on March 31, 2026, compared to $29.4 million, or 3.28% of loans, on December 31, 2025, and $17.4 million, or 1.91% of loans, on March 31, 2025. Loans totaled $895.2 million at March 31, 2026, compared to $896.7 million at December 31, 2025, and $912.2 million on March 31, 2025. Commercial loans grew to $549.5 million or 61.4% of total loans at March 31, 2026, compared to $543.7 million at December 31, 2025, and $542.7 million at March 31, 2025. Deposits totaled $1.21 billion at March 31, 2026, compared to $1.18 billion at December 31, 2025, and $1.26 billion at March 31, 2025....

Pathfinder enters 2026 with improved earnings outlook following a proactive comprehensive commercial loan review and corresponding risk-based reserve build OSWEGO, N.Y., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the fourth quarter and full year ended December 31, 2025. The holding company for Pathfinder Bank (“the Bank”) reported a net loss attributable to common shareholders of $7.0 million, or $1.11 per diluted share, in the fourth quarter of 2025, and $3.4 million, or $0.54 per diluted share for full year 2025, reflecting an $11.2 million credit loss provision expense taken to build reserves following completion of a previously announced comprehensive review of the Bank’s commercial loan portfolio. Net income attributable to common shareholders was $626,000, or $0.10 per diluted share, in the third quarter of 2025, $3.9 million or $0.63 per diluted share in the fourth quarter of 2024, and $3.4 million, or $0.54 per diluted share for full year 2024. Fourth Quarter and Full Year 2025 Highlights and Key Developments The net loss resulted primarily from an $11.2 million credit loss provision expense in the quarter, reflecting a $10.8 million increase in the Company’s allowance for credit losses (“ACL”) to $29.4 million, or 3.28% of loans, at December 31, 2025. The risk-based reserve build reflects the Company’s forward-looking assessment of loans with unique risk characteristics identified through the comprehensive review of all commercial relationships with exposures of $500,000 or more, representing approximately 90% of the commercial portfolio, which was announced in October and completed in December 2025. The Company transferred $6.3 million in substandard loans associated with one local commercial relationship to held-for-sale status and recorded a pre-tax loss of $398,000, as a fourth quarter 2025 lower of cost or market adjustment (“LOCOM HFS adjustment”), based on active sale negotiations. Nonperforming loans totaled $27.6 million at December 31, 2025, compared to $23.3 million on September 30, 2025 and $22.1 million on December 31, 2024. Loans totaled $896.7 million at December 31, 2025, following the movement of $6.3 million in substandard loans to held-for-sale status, compared to $898.5 million on September 30, 2025 and $919.0 million on December 31...

Results reflect ongoing efforts to mitigate credit risk and enhance asset quality metrics for the long term, as well as the continued growth of Pathfinder’s core deposit franchise, deliberate liability pricing, net interest margin resilience, and operating expense discipline OSWEGO, N.Y., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the third quarter ended September 30, 2025. The holding company for Pathfinder Bank (“the Bank”) reported net income attributable to common shareholders of $626,000, or $0.10 per diluted share in the third quarter of 2025, compared to $31,000 or less than $0.01 per diluted share in the second quarter of 2025. The Company recorded a net loss attributable to common shareholders of $4.6 million or $0.75 per share in the third quarter of 2024. Third Quarter 2025 Highlights and Key Developments Provision expense was $3.5 million, compared to $1.2 million in the quarter ended June 30, 2025 (the "linked quarter") and $9.0 million in the year-ago period, reflecting proactive measures that remain ongoing to mitigate credit risk and enhance asset quality metrics for the long term. These include a prudent increase in reserves during the third quarter of 2025, in conjunction with an ongoing comprehensive portfolio review that the Company initiated in September, encompassing performing and nonperforming loans of $500,000 or more, representing approximately 90% of all outstandings. This review is expected to be completed by the end of 2025. Allowance for credit losses increased to $18.7 million at period end, increasing $2.7 million during the third quarter and $1.4 million from September 30, 2024. Net charge offs (“NCOs”) were $670,000 in the third quarter of 2025, declining 74.2% from the linked quarter and 92.3% from the year-ago period. Loans totaled $898.5 million at period end, compared to $909.7 million on June 30, 2025, and $921.7 million on September 30, 2024. Commercial loans were $543.7 million or 60.5% of total loans at period end, compared to $549.1 million on June 30, 2025, and $534.5 million on September 30, 2024. Total deposits grew to $1.23 billion at period end, compared to $1.22 billion on June 30, 2025, and $1.20 billion on September 30, 2024. During the third quarter of 2025, total balances increased on growth in core deposits,...

Results reflect July 2025 sale of $9.3 million in nonperforming and classified loans, undertaken as part of the Company’s ongoing efforts to mitigate credit risk and enhance asset quality metrics for the long term, as well as operating expense discipline, commercial loan growth and an improved core deposit ratio OSWEGO, N.Y., July 30, 2025 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the second quarter ended June 30, 2025. The holding company for Pathfinder Bank (“the Bank”) reported net income attributable to common shareholders of $31,000, or less than $0.01 per diluted share in the second quarter of 2025, compared to $3.0 million or $0.47 per diluted share in the first quarter of 2025 and $2.0 million or $0.32 per share in the second quarter of 2024. Second Quarter 2025 Highlights and Key Developments The Company continued to undertake proactive measures in the second quarter to mitigate credit risk and enhance asset quality metrics for the long term. These included the July 2025 sale of $9.3 million in nonperforming and classified loans associated with one local commercial relationship for a pre-tax loss of $3.1 million recorded as a second quarter 2025 lower of cost or market adjustment to loans held for sale (“LOCOM HFS adjustment”), representing $0.40 per diluted share net of tax, as well as $2.6 million in net charge offs (“NCOs”) that are reflected in provision expense of $1.2 million. Nonperforming loans declined to $11.7 million at period end, improving by 11.7% during the second quarter and 52.3% from June 30, 2024. Nonperforming loans also declined to 1.28% of total loans at period end, improving from 1.45% on March 31, 2025 and 2.76% on June 30, 2024. Total deposits were $1.22 billion at period end, compared to $1.26 billion on March 31, 2025 and $1.10 billion on June 30, 2024. During the second quarter of 2025, total balances declined on reductions in higher-cost time and money market accounts, as well as regular municipal deposit seasonality. Core deposits grew to 78.47% of total deposits at period end from 78.31% on March 31, 2025 and 67.98% on June 30, 2024. Total loans were $909.7 million at period end, reflecting the move of $3.2 million in balances to held-for-sale status for the July 2025 sale of nonperforming and classified loans, compared to $912.2 mill...

Revenue: US$12.2m (up 17% from 1Q 2024). Net income: US$2.97m (up 85% from 1Q 2024). Profit margin: 25% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.63 (up from US$0.26 in 1Q 2024). We've discovered 4 warning signs about Pathfinder Bancorp. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Pathfinder Bancorp shares are down 2.3% from a week ago. Be aware that Pathfinder Bancorp is showing 4 warning signs in our investment analysis and 1 of those is a bit unpleasant... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Pathfinder Bank’s parent company earned $0.41 per diluted share on improving operating efficiency and growth in net interest income, net interest margin, core deposits and commercial loans OSWEGO, N.Y., April 30, 2025 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the first quarter ended March 31, 2025. The holding company for Pathfinder Bank (“the Bank”) earned net income attributable to common shareholders of $3.0 million or $0.41 per diluted share in the first quarter of 2025, compared to $2.1 million or $0.34 per share in the first quarter of 2024. In the fourth quarter of 2024, the Company reported net income attributable to common shareholders of $3.9 million or $0.63 per share, and included a benefit of approximately $1.4 million from a gain on the sale of its insurance agency, net of taxes and transaction-related expenses. First Quarter 2025 Highlights and Key Developments Total deposits were $1.26 billion at period end, and grew by 5.0% in the first quarter and 10.3% from March 31, 2024. Core deposits also grew to 78.31% of total deposits at period end from 76.86% on December 31, 2024 and 69.17% on March 31, 2024. In addition to funding lending activity in the quarter, the Company's low-cost deposits enabled reductions in higher-cost borrowings to $44.6 million at period end, down 49.3% in the first quarter and 67.5% from March 31, 2024. Total loans were $912.2 million at period end, compared to $919.0 million on December 31, 2024 and $891.5 million on March 31, 2024. Commercial loans were $542.7 million or 59.5% of total loans at period end, compared to $539.7 million on December 31, 2024 and $525.6 million on March 31, 2024. Nonperforming loans declined to $13.2 million at period end, and improved by 40.1% during the first quarter and 32.7% from March 31, 2024. Nonperforming loans also declined to 1.45% of total loans at period end, and improved from 2.40% on December 31, 2024 and 2.20% on March 31, 2024. Net interest income was $11.4 million, and increased $1.0 million from the linked quarter and $2.0 million from the first quarter of 2024, while net interest margin (“NIM”) expanded to 3.31% from 3.02% in the fourth quarter of 2024 and 2.75% in the year-ago period. Approximately $347,000 of net interest income and 10 basis points of NIM in the first quarter of 2025 r...