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, Inc. has declared a cash dividend of $0.09 per share on its voting and non-voting common stock, as well as on issued warrants. This dividend pertains to the fiscal quarter ending March 31, 2023, with record shareholders receiving payment on May 19, 2023. The announcement was made by President and CEO James A. Dowd, emphasizing the bank's commitment to delivering shareholder value.
Pathfinder Bank, headquartered in Oswego, New York, operates ten full-service offices and is a wholly-owned subsidiary of Pathfinder Bancorp, Inc. Its deposits are federally insured.
Pathfinder Bancorp, Inc. (NASDAQ:PBHC) has named James A. Dowd as President and CEO, effective immediately. Dowd has served in an interim capacity since April 2022 and will be nominated for election to the Board on June 1, 2023. The Board expressed confidence in Dowd's leadership abilities, highlighting his experience in guiding the company through economic challenges while focusing on expense management and strategic investments. Dowd emphasized the bank's strong financial performance and healthy capital position as advantageous for future growth. Pathfinder Bank operates eleven full-service offices across Oswego and Onondaga Counties in New York.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has appointed James A. Dowd as President and CEO, effective immediately. Dowd, who has served in an interim capacity since April 2022, will also be nominated for election to the Board at the annual meeting on June 1, 2023. The Chairman, Chris R. Burritt, expressed confidence in Dowd’s leadership abilities amidst economic challenges, emphasizing his role in effective expense management and future investments. Dowd, who joined the Bank in 1994, aims to enhance community trust and financial performance. Pathfinder Bank operates in Central New York, offering full-service banking through eleven offices.
Pathfinder Bancorp (NASDAQ: PBHC) reported fourth quarter 2022 net income of $3.5 million ($0.58/share), down 9% from $3.9 million in Q4 2021. Full-year net income rose to $12.9 million ($2.13/share), a 4.2% increase from 2021. Q4 total revenue reached $13 million, up 17% year-over-year, with full-year revenue at $47.3 million, a 6.3% increase. Total loans grew by 7.9% to $897.8 million, while total deposits increased by 6.6% to $1.13 billion. Credit quality remained strong, with nonperforming loans stable at 1.00%. A cash dividend of $0.09/share was declared, yielding 1.9%. The company's focus in 2023 will be on expense management and growth initiatives.
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