Pathfinder Bancorp Inc Md Financials

PBHC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Pathfinder Bancorp Inc Md (PBHC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PBHC FY2025 2026-05-15

Balance-sheet deleveraging is outpacing earnings generation, leaving weaker profit extraction from a still-large $1.4B asset base.

From FY2022 to FY2025, ROA slid from 0.9% to -0.1%, meaning the institution's large balance sheet stopped translating into meaningful bottom-line output. At the same time, long-term debt dropped from $55.7M to $14.1M, so the earnings deterioration cannot be explained by rising leverage alone; the core issue is weaker profit extraction from roughly the same operating footprint.

Cash conversion held up better than reported earnings: FY2025 still generated operating cash flow of $11.7M and free cash flow of $10.4M, even after the income statement moved into a loss. Because capital spending was only $1.3M, most operating cash remained available rather than being consumed by upkeep, which makes the loss look more like earnings compression than a cash crunch.

The balance sheet remains liability-funded, with $1.30B of liabilities supported by $122.5M of equity, so small changes in profitability can move reported returns a lot within that structure. Yet debt-to-equity improved from 41.8% in FY2023 to 11.5% in FY2025, showing a deliberate reduction in long-term borrowing even while earnings softened.

Financial Health Signals

Financial Profile 37/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Pathfinder Bancorp Inc Md's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Pathfinder Bancorp Inc Md's revenue declined 2.2% year-over-year, from $78.4M to $76.7M. This contraction results in a growth score of 44/100.

Leverage

100

Pathfinder Bancorp Inc Md carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Pathfinder Bancorp Inc Md has a free cash flow margin of 13.6%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Pathfinder Bancorp Inc Md generates a -1.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 15/100. This is down from 2.8% the prior year.

Piotroski F-Score Neutral

5/9

Pathfinder Bancorp Inc Md passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-6.04x

For every $1 of reported earnings, Pathfinder Bancorp Inc Md generates $-6.04 in operating cash flow ($11.7M OCF vs -$1.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$76.7M

YoY-2.2%

5Y CAGR+12.5%

10Y CAGR+13.6%

Pathfinder Bancorp Inc Md generated $76.7M in revenue in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EBITDA

N/A

Net Income

-$1.9M

YoY-157.1%

Pathfinder Bancorp Inc Md reported -$1.9M in net income in fiscal year 2025. This represents a decrease of 157.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$10.4M

YoY+13.9%

5Y CAGR-25.5%

10Y CAGR+11.0%

Pathfinder Bancorp Inc Md generated $10.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 13.9% from the prior year.

Cash & Debt

$31.2M

YoY-1.3%

5Y CAGR-6.4%

10Y CAGR+7.4%

Pathfinder Bancorp Inc Md held $31.2M in cash against $14.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.40

YoY+0.0%

5Y CAGR+10.8%

10Y CAGR+9.6%

Pathfinder Bancorp Inc Md paid $0.40 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

YoY+0.0%

5Y CAGR+0.9%

10Y CAGR+0.9%

Pathfinder Bancorp Inc Md had 5M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-2.5%

YoY-6.8pp

5Y CAGR-18.9pp

10Y CAGR-16.0pp

Pathfinder Bancorp Inc Md's net profit margin was -2.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.8 percentage points from the prior year.

Return on Equity

-1.6%

YoY-4.4pp

5Y CAGR-8.7pp

10Y CAGR-5.7pp

Pathfinder Bancorp Inc Md's ROE was -1.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$1.3M

YoY-38.9%

5Y CAGR-0.0%

10Y CAGR-7.1%

Pathfinder Bancorp Inc Md invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 38.9% from the prior year.

PBHC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$76.7M-2.2%	$78.4M+15.8%	$67.7M+32.4%	$51.1M+11.5%	$45.8M+7.8%	$42.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$475K-11.9%	$539K-26.7%	$735K+6.8%	$688K-5.1%	$725K+43.0%	$507K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$32.3M-13.5%	$37.4M+30.0%	$28.7M+196.5%	$9.7M+28.7%	$7.5M-30.7%	$10.9M
Income Tax	-$2.2M-750.6%	$332K-85.9%	$2.4M-11.1%	$2.7M-24.1%	$3.5M+31.7%	$2.7M
Net Income	-$1.9M-157.1%	$3.4M-63.6%	$9.3M-28.1%	$12.9M+4.2%	$12.4M+78.5%	$7.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	$1.17

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$17.5M-4.3%	$18.3M-7.3%	$19.7M+2.9%	$19.2M-1.3%	$19.4M-0.4%	$19.5M-7.9%	$21.2M+11.4%	$19.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$140K-17.2%	$169K+28.0%	$132K+120.0%	$60K-47.4%	$114K-7.3%	$123K0.0%	$123K0.0%	$123K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$7.2M-8.0%	$7.8M-4.3%	$8.1M-2.8%	$8.4M+4.2%	$8.0M-12.2%	$9.1M-3.4%	$9.5M-0.8%	$9.5M
Income Tax	$530K+117.9%	-$3.0M-6528.3%	$46K+557.1%	$7K-99.1%	$744K+51.2%	$492K+141.9%	-$1.2M-343.9%	$481K
Net Income	$2.4M+143.4%	-$5.6M-988.8%	$626K+1919.4%	$31K-99.0%	$3.0M-23.9%	$3.9M+184.1%	-$4.6M-332.2%	$2.0M
EPS (Diluted)	N/A	N/A	$0.470.0%	$0.47	N/A	N/A	$0.410.0%	$0.41

PBHC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.4B-3.3%	$1.5B+0.6%	$1.5B+4.7%	$1.4B+8.9%	$1.3B+4.7%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$31.2M-1.3%	$31.6M-35.2%	$48.7M+38.1%	$35.3M-5.0%	$37.1M-14.5%	$43.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.1M0.0%	$5.1M+11.5%	$4.5M0.0%	$4.5M0.0%	$4.5M0.0%	$4.5M
Total Liabilities	$1.3B-3.6%	$1.4B+0.6%	$1.3B+4.4%	$1.3B+9.7%	$1.2B+4.0%	$1.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$14.1M-48.0%	$27.1M-45.8%	$49.9M-10.3%	$55.7M-13.8%	$64.6M-17.2%	$78.0M
Total Equity	$122.5M+0.8%	$121.5M+1.7%	$119.5M+7.7%	$111.0M+0.6%	$110.3M+13.2%	$97.5M
Retained Earnings	$73.4M-5.7%	$77.8M+2.3%	$76.1M+6.6%	$71.3M+17.0%	$60.9M+21.2%	$50.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.4B-0.3%	$1.4B-3.1%	$1.5B-2.2%	$1.5B+0.7%	$1.5B+1.4%	$1.5B-0.6%	$1.5B+2.6%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$39.2M+25.6%	$31.2M-23.2%	$40.6M+28.9%	$31.5M-38.8%	$51.5M+63.0%	$31.6M-10.6%	$35.3M+11.0%	$31.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$5.1M0.0%	$5.1M0.0%	$5.1M0.0%	$5.1M0.0%	$5.1M0.0%	$5.1M-12.1%	$5.8M+26.8%	$4.5M
Total Liabilities	$1.3B-0.4%	$1.3B-3.1%	$1.3B-2.5%	$1.4B+0.7%	$1.4B+1.3%	$1.4B-0.6%	$1.4B+3.0%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$12.4M-12.1%	$14.1M-24.7%	$18.7M-10.8%	$21.0M+19.0%	$17.6M-34.9%	$27.1M-31.9%	$39.8M-13.3%	$45.9M
Total Equity	$123.6M+0.9%	$122.5M-3.1%	$126.3M+1.5%	$124.4M-0.4%	$124.9M+2.8%	$121.5M+1.0%	$120.2M-2.5%	$123.3M
Retained Earnings	$75.1M+2.4%	$73.4M-7.8%	$79.6M0.0%	$79.6M-0.7%	$80.2M+3.0%	$77.8M+5.6%	$73.7M-6.7%	$78.9M

PBHC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$11.7M+4.2%	$11.2M-27.4%	$15.4M-29.0%	$21.7M+7.8%	$20.2M-56.7%	$46.6M
Capital Expenditures	$1.3M-38.9%	$2.1M+4.9%	$2.0M+3.6%	$1.9M+56.6%	$1.2M-3.9%	$1.3M
Free Cash Flow	$10.4M+13.9%	$9.1M-32.1%	$13.5M-32.1%	$19.8M+4.7%	$18.9M-58.2%	$45.3M
Investing Cash Flow	$40.4M+280.6%	-$22.4M+59.1%	-$54.8M+58.2%	-$131.2M-87.5%	-$70.0M+53.1%	-$149.2M
Financing Cash Flow	-$52.5M-779.7%	-$6.0M-111.3%	$52.8M-50.9%	$107.6M+147.4%	$43.5M-65.5%	$126.0M
Dividends Paid	$1.9M+3.7%	$1.8M+8.9%	$1.7M+7.8%	$1.6M+27.8%	$1.2M+7.9%	$1.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$241K-109.0%	$2.7M-62.1%	$7.0M+288.6%	-$3.7M-165.6%	$5.7M+314.6%	-$2.7M-122.4%	$11.8M+680.1%	$1.5M
Capital Expenditures	$248K-9.2%	$273K+116.7%	$126K-43.8%	$224K-64.8%	$637K+44.4%	$441K-13.5%	$510K-42.1%	$881K
Free Cash Flow	-$489K-120.4%	$2.4M-65.4%	$6.9M+274.8%	-$4.0M-178.3%	$5.1M+263.4%	-$3.1M-127.3%	$11.3M+1679.0%	$637K
Investing Cash Flow	$11.2M-60.3%	$28.3M-27.8%	$39.2M+255.8%	-$25.1M-1243.0%	-$1.9M-149.3%	$3.8M+113.0%	-$29.3M-378.5%	$10.5M
Financing Cash Flow	-$3.0M+92.6%	-$40.4M-8.8%	-$37.1M-517.7%	$8.9M-44.7%	$16.1M+428.4%	-$4.9M-123.3%	$21.0M+322.1%	-$9.4M
Dividends Paid	$138K-71.2%	$479K0.0%	$479K+0.6%	$476K+0.4%	$474K+0.2%	$473K+0.6%	$470K-0.6%	$473K
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PBHC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-2.5%-6.8pp	4.3%-9.4pp	13.7%-11.6pp	25.3%-1.8pp	27.1%+10.7pp	16.4%
Return on Equity	-1.6%-4.4pp	2.8%-5.0pp	7.8%-3.9pp	11.7%+0.4pp	11.3%+4.1pp	7.1%
Return on Assets	-0.1%-0.4pp	0.2%-0.4pp	0.6%-0.3pp	0.9%-0.1pp	1.0%+0.4pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.11-0.1	0.22-0.2	0.42-0.1	0.50-0.1	0.59-0.2	0.80
FCF Margin	13.6%+1.9pp	11.7%-8.2pp	19.9%-18.9pp	38.8%-2.5pp	41.3%-65.2pp	106.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	13.8%+44.2pp	-30.4%-33.6pp	3.2%+3.0pp	0.2%-15.1pp	15.3%-4.7pp	20.0%+41.9pp	-21.9%-32.4pp	10.5%
Return on Equity	1.9%+6.5pp	-4.5%-5.0pp	0.5%+0.5pp	0.0%-2.4pp	2.4%-0.8pp	3.2%+7.1pp	-3.9%-5.5pp	1.6%
Return on Assets	0.2%+0.6pp	-0.4%-0.4pp	0.0%+0.0pp	0.0%-0.2pp	0.2%-0.1pp	0.3%+0.6pp	-0.3%-0.4pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.10-0.0	0.11-0.0	0.15-0.0	0.17+0.0	0.14-0.1	0.22-0.1	0.33-0.0	0.37
FCF Margin	-2.8%-15.9pp	13.1%-22.0pp	35.1%+55.7pp	-20.6%-46.7pp	26.0%+41.9pp	-15.9%-69.3pp	53.5%+50.1pp	3.4%

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Frequently Asked Questions

What is Pathfinder Bancorp Inc Md's annual revenue?

Pathfinder Bancorp Inc Md (PBHC) reported $76.7M in total revenue for fiscal year 2025. This represents a -2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Pathfinder Bancorp Inc Md's revenue growing?

Pathfinder Bancorp Inc Md (PBHC) revenue declined by 2.2% year-over-year, from $78.4M to $76.7M in fiscal year 2025.

Is Pathfinder Bancorp Inc Md profitable?

No, Pathfinder Bancorp Inc Md (PBHC) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -2.5%.

How much debt does Pathfinder Bancorp Inc Md have?

As of fiscal year 2025, Pathfinder Bancorp Inc Md (PBHC) had $31.2M in cash and equivalents against $14.1M in long-term debt.

What is Pathfinder Bancorp Inc Md's net profit margin?

Pathfinder Bancorp Inc Md (PBHC) had a net profit margin of -2.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Pathfinder Bancorp Inc Md pay dividends?

Yes, Pathfinder Bancorp Inc Md (PBHC) paid $0.40 per share in dividends during fiscal year 2025.

What is Pathfinder Bancorp Inc Md's return on equity (ROE)?

Pathfinder Bancorp Inc Md (PBHC) has a return on equity of -1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Pathfinder Bancorp Inc Md's free cash flow?

Pathfinder Bancorp Inc Md (PBHC) generated $10.4M in free cash flow during fiscal year 2025. This represents a 13.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Pathfinder Bancorp Inc Md's operating cash flow?

Pathfinder Bancorp Inc Md (PBHC) generated $11.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Pathfinder Bancorp Inc Md's total assets?

Pathfinder Bancorp Inc Md (PBHC) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Pathfinder Bancorp Inc Md's capital expenditures?

Pathfinder Bancorp Inc Md (PBHC) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Pathfinder Bancorp Inc Md have outstanding?

Pathfinder Bancorp Inc Md (PBHC) had 5M shares outstanding as of fiscal year 2025.

What is Pathfinder Bancorp Inc Md's debt-to-equity ratio?

Pathfinder Bancorp Inc Md (PBHC) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Pathfinder Bancorp Inc Md's return on assets (ROA)?

Pathfinder Bancorp Inc Md (PBHC) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Pathfinder Bancorp Inc Md's Piotroski F-Score?

Pathfinder Bancorp Inc Md (PBHC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Pathfinder Bancorp Inc Md's earnings high quality?

Pathfinder Bancorp Inc Md (PBHC) has an earnings quality ratio of -6.04x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Pathfinder Bancorp Inc Md?

Pathfinder Bancorp Inc Md (PBHC) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.