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Pathfinder Bancorp Inc - $PBHC STOCK NEWS

Welcome to our dedicated page for Pathfinder Bancorp news (Ticker: $PBHC), a resource for investors and traders seeking the latest updates and insights on Pathfinder Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pathfinder Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pathfinder Bancorp's position in the market.

Rhea-AI Summary

Pathfinder Bancorp, Inc. reported first quarter 2024 net income of $2.1 million, a decrease from the prior year. The bank showed strong growth in interest and dividend income but faced challenges with increasing interest expenses. The company remains focused on strategic growth and prudent expense management, aiming to enhance shareholder value amidst economic uncertainties.

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End-of-Day
0.47%
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Rhea-AI Summary
Stonegate Capital Partners updates coverage on Pathfinder Bancorp, Inc. (PBHC) for Q4 2023, highlighting growth through acquisition, improving profitability metrics, and a diversified loan portfolio.
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-0.01%
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Rhea-AI Summary
Pathfinder Bancorp, Inc. (PBHC) declares a cash dividend of $0.10 per share on its voting and non-voting common stock, and $0.10 per notional share for the issued warrant, representing an 11.1% increase from the previous quarter. The dividend will be payable to shareholders of record on April 19, 2024, and paid on May 10, 2024.
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End-of-Day
-0.82%
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dividends
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Pathfinder Bancorp, Inc. announces the acquisition of Berkshire Bank's East Syracuse branch, including $198 million in deposits and $32 million in loans. The acquisition is expected to enhance Pathfinder's financial performance, expand market presence, and improve liquidity. The deal is projected to boost earnings per share and tangible book value earn back period. Pathfinder's total assets will reach $1.7 billion post-acquisition, maintaining strong capital ratios.
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End-of-Day
0.46%
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Pathfinder Bancorp, Inc. reported a decrease in net income for the fourth quarter and the full year of 2023 compared to the previous year. The company experienced a reduction in net interest income, an increase in interest and dividend income, and a decrease in noninterest income. The provision for credit losses decreased in the fourth quarter but slightly increased for the full year. The company's President and CEO emphasized the challenges faced due to economic fluctuations and the rise in interest rates but highlighted the Bank's resilience and effective expense management.
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End-of-Day
-4.66%
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Rhea-AI Summary
Stonegate Capital Partners updates coverage on Pathfinder Bancorp, Inc. (NASDAQ: PBHC), highlighting the company's well-capitalized position, improving profitability metrics, and diversified portfolio of loans.
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-2.84%
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Pathfinder Bancorp, Inc. (NASDAQ: PBHC) declares a cash dividend of $0.09 per share for the fiscal quarter ending December 31, 2023.
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Rhea-AI Sentiment
End-of-Day
-2.3%
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dividends
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Rhea-AI Summary
Pathfinder Bancorp, Inc. reported third quarter 2023 net income of $2.2 million, a decrease of $1.0 million compared to the same period last year. Total revenue for the quarter was $10.4 million, a decrease of 7.2% compared to last year. Interest and dividend income increased by 32.0% to $17.7 million, while noninterest expenses increased by 5.3% to $7.7 million.
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Rhea-AI Sentiment
End-of-Day
0.61%
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Pathfinder Bancorp, Inc. declares cash dividend of $0.09 per share for Q3 2023, payable on Nov 10, 2023.
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Rhea-AI Sentiment
End-of-Day
-0.14%
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dividends
Rhea-AI Summary
Stonegate Capital Partners updates coverage on Pathfinder Bancorp, Inc. (NASDAQ: PBHC). Pathfinder remains well capitalized and profitability metrics are improving. They have a diversified portfolio of loans.
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Rhea-AI Sentiment
End-of-Day
-0.31%
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Pathfinder Bancorp Inc

Nasdaq:PBHC

PBHC Rankings

PBHC Stock Data

75.09M
3.11M
28.17%
27.47%
0.06%
Savings Institutions
Finance and Insurance
Link
United States of America
OSWEGO

About PBHC

pathfinder bank has been serving the central new york community since 1859 and it is our customer focused approach to providing financial services that has made us who we are today. we are local decision makers serving communities we live and work in. our company mission is to foster relationships with individuals and businesses within our communities to be the financial provider of choice. our goal is to continually enhance the value of the bank for the benefit of our shareholders, customers, employees and communities. experience pathfinder bank yourself, come visit one of our nine conveniently located branches, including our newest location on west fayette street in downtown syracuse. or, visit us online at www.pathfinderbank.com. we are pathfinder bank. local. community. trust. equal housing lender | member fdic