Welcome to our dedicated page for Pathfinder Bancorp Md news (Ticker: PBHC), a resource for investors and traders seeking the latest updates and insights on Pathfinder Bancorp Md stock.
Pathfinder Bancorp Inc. (PBHC), the holding company for New York's community-focused Pathfinder Bank, provides this centralized news hub for tracking financial developments and operational milestones. Investors and community stakeholders will find timely updates on earnings reports, regulatory filings, and strategic initiatives that shape this 160+ year-old institution.
This resource aggregates essential information about PBHC's commercial lending activities, deposit service enhancements, and leadership developments. Users can monitor updates across key categories including quarterly financial results, branch network expansions, asset management strategies, and compliance disclosures.
All content undergoes rigorous verification to ensure accuracy and relevance for financial decision-makers. The curated collection serves both casual observers tracking community banking trends and professional analysts requiring detailed operational data.
Bookmark this page for streamlined access to Pathfinder Bancorp's latest announcements and historical filings. Regular updates ensure stakeholders maintain current awareness of this regional bank's evolving position in New York's financial landscape.
Pathfinder Bancorp reported strong Q1 2025 financial results with net income of $3.0 million or $0.41 per diluted share, up from $2.1 million or $0.34 per share in Q1 2024. The bank showed significant improvements in several key metrics:
Total deposits reached $1.26 billion, growing 5.0% in Q1 and 10.3% year-over-year. Core deposits increased to 78.31% of total deposits. Net interest income rose to $11.4 million, with net interest margin expanding to 3.31%. The bank's efficiency ratio improved to 66.84%.
Notable achievements include:
- Commercial loans at $542.7 million (59.5% of total loans)
- Nonperforming loans decreased by 40.1% to $13.2 million
- Higher-cost borrowings reduced by 49.3% to $44.6 million
The bank declared a cash dividend of $0.10 per share for both voting and non-voting common stock.
Pathfinder Bancorp (NASDAQ: PBHC) has declared a quarterly cash dividend of $0.10 per share for both voting common and non-voting common stock for Q1 2025. The dividend also includes $0.10 per notional share for issued warrants. The dividend will be payable on May 9, 2025, to shareholders of record as of April 18, 2025.
Pathfinder Bank, a New York State chartered commercial bank headquartered in Oswego, operates twelve full-service offices across Oswego and Onondaga County, plus one -purpose office in Oneida County. The bank's deposits are insured by the Federal Deposit Insurance
Pathfinder Bancorp (NASDAQ: PBHC) reported Q4 2024 net income of $4.3 million or $0.69 per share, including a $1.4 million benefit from the sale of its insurance agency. The company earned $3.8 million ($0.60 per share) for full-year 2024, compared to $9.3 million ($1.51 per share) in 2023.
Key Q4 2024 metrics include: net interest income of $10.8 million, net interest margin of 3.15%, and provision expense of $988,000. Total deposits reached $1.20 billion, growing 7.5% year-over-year. Total loans were $919.0 million, with commercial loans at $539.7 million.
Asset quality showed nonperforming loans at $22.1 million (2.40% of total loans), with an allowance for credit losses of $17.2 million (1.88% of total loans). The company declared a cash dividend of $0.10 per share.
Pathfinder Bancorp (NASDAQ: PBHC) has declared a cash dividend of $0.10 per share on both voting common and non-voting common stock for the fourth quarter of 2024. The dividend also includes $0.10 per notional share for issued warrants. The dividend will be paid on February 7, 2025, to shareholders of record as of January 17, 2025.
Pathfinder Bank, a New York State chartered commercial bank headquartered in Oswego, operates twelve full-service offices across Oswego and Onondaga County, plus one purpose office in Oneida County. The bank's deposits are FDIC-insured.
Pathfinder Bancorp reported a Q3 2024 net loss of $4.6 million ($0.75 per share), compared to net income of $2.0 million in Q2 2024. The loss reflected $9.0 million in provision expense from a comprehensive loan portfolio review. Net interest income increased to $11.7 million, with net interest margin expanding to 3.34%. The company completed its East Syracuse branch acquisition in July 2024, assuming $186.0 million in deposits and acquiring $30.6 million in assets. Total deposits reached $1.20 billion, while total loans were $921.7 million at period end. Nonperforming loans were reduced by 34.0% to $16.2 million, representing 1.8% of total loans.
Pathfinder Bancorp, Inc., the holding company of Pathfinder Bank (NASDAQ: PBHC), has declared a cash dividend of $0.10 per share on both voting and non-voting common stock for the fiscal quarter ending September 30, 2024. The dividend also applies to the issued warrant at $0.10 per notional share. This third quarter 2024 dividend will be payable on November 8, 2024, to shareholders of record as of October 18, 2024.
Pathfinder Bank, a New York State chartered commercial bank, is headquartered in Oswego and is FDIC insured. The bank operates twelve full-service offices in Oswego and Onondaga County, along with one -purpose office in Oneida County.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has announced significant changes in its executive leadership. Ronald Tascarella, Executive Vice President and Chief Banking Officer, will retire on November 30, 2024, after 18 years with the company. During his tenure, Pathfinder's loan portfolio grew from approximately $200 million to almost $900 million, a more than 350% increase.
Joseph Serbun has been appointed as Senior Vice President and Chief Credit Officer, effective immediately. Serbun joined Pathfinder Bank in 2023 as Special Assets Manager, bringing 40 years of banking experience. He previously served as President of Retail Banking at Community Bank and has held key senior management roles, including chief credit officer and chief banking officer.
James A. Dowd, President and CEO of Pathfinder, praised Tascarella's contributions to the bank's growth and expansion into the greater Syracuse Market. He also expressed confidence in Serbun's ability to contribute to the executive team, citing his comprehensive industry knowledge and understanding of customers.
Pathfinder Bancorp (NASDAQ: PBHC) reported a net income of $2.0 million for Q2 2024, consistent with Q2 2023. Total revenue was $10.7 million, down 1.2% YoY. Net interest income decreased by 2.6% to $9.5 million, while non-interest income rose 11.4% to $1.2 million. Non-interest expenses increased by 10.2% to $7.9 million, mainly due to higher salaries and benefits.
Recent acquisition of the East Syracuse branch, with $186 million in deposits and $30 million in loans, is expected to improve liquidity and earnings. The average cost of these deposits was 1.99%, and Pathfinder aims to reduce borrowing costs in Q3 2024.
The net interest margin improved slightly to 2.78% from 2.75% in Q1 2024. However, total loans decreased by $2.8 million to $888.3 million, and nonperforming loans rose to 2.76% from 1.92% at the end of 2023. The allowance for credit losses was increased to 1.90% of loans.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has successfully completed the acquisition of Berkshire Bank's East Syracuse, New York branch. The transaction involved Pathfinder assuming approximately $186 million in deposit liabilities and acquiring about $30 million in loans. The conversion process has been finalized, with all designated customer accounts now part of Pathfinder Bank.
This strategic move aligns with Pathfinder's goal of expanding into attractive markets and enhancing shareholder value. The acquisition adds 11 new locations across Onondaga and Oswego counties, strengthening Pathfinder's presence in Central New York. Kim Ciarpelli will continue to lead the East Syracuse office, ensuring a smooth transition for customers.
Pathfinder Bancorp has declared a $0.10 per share cash dividend on its voting and non-voting common stock, including a $0.10 dividend per notional share for the issued warrant. This dividend is for the fiscal quarter ending June 30, 2024, and will be payable on August 9, 2024, to shareholders of record as of July 19, 2024.
Pathfinder Bancorp is the holding company for Pathfinder Bank, a New York State chartered commercial bank with FDIC-insured deposits. The bank operates eleven full-service offices in Oswego and Onondaga County and one -purpose office in Oneida County.
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