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. (NASDAQ: PBHC) is the holding company for Pathfinder Bank, a commercial bank in the savings institutions industry. This news page aggregates company-issued updates, including earnings announcements, dividend declarations, and other events that Pathfinder Bancorp reports through press releases and SEC Form 8-K filings.
Recent news from the company has focused on quarterly financial results, where management discusses net interest income, net interest margin, asset quality metrics, and noninterest income and expense. Pathfinder Bancorp has also highlighted its efforts to mitigate credit risk through portfolio reviews, loan sales, and adjustments to reserves, as well as its focus on expanding and managing its core deposit base.
Investors following PBHC can use this page to review announcements about quarterly and annual performance, information on nonperforming and classified loans, and commentary on the company’s credit risk management framework. The company’s disclosures also cover topics such as the efficiency ratio, pre-tax, pre-provision net income, and the impact of specific transactions, including branch acquisitions and business sales, on reported results.
In addition, Pathfinder Bancorp regularly issues press releases announcing quarterly cash dividends on its voting and non-voting common stock and on a notional share amount related to an issued warrant. These dividend announcements include record dates and payment dates approved by the Board of Directors. By checking this news feed, readers can monitor the timing and terms of these dividends, as well as other material events that the company chooses to disclose.
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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.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a quarterly cash dividend of $0.09 per share for both voting and non-voting common stock, as well as a $0.09 per notional share for issued warrants. This dividend, related to the fiscal quarter ending December 31, 2022, is set to benefit shareholders of record by January 17, 2023, with payment scheduled for February 10, 2023. Pathfinder Bank, a subsidiary of Pathfinder Bancorp, is a New York-chartered bank with multiple full-service offices in Oswego and Onondaga Counties.
Pathfinder Bancorp (PBHC) reported net income of $3.2 million for Q3 2022, down from $3.4 million in Q3 2021. Revenue increased by 5.3% to $11.9 million. Total loans reached $886.2 million, rising 16.4% excluding PPP loans. Total deposits also increased by 12.8% to $1.18 billion. Net interest income rose by 10.1% to $10.8 million, with a net interest margin of 3.32%. However, a spike in loan loss provisions to $710,000 was noted. The Board declared a quarterly dividend of $0.09 per share, reflecting an increase of 28.6% compared to the previous year.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.09 per share on both voting and non-voting common stock for the fiscal quarter ending September 30, 2022. This dividend will be payable to shareholders of record on October 14, 2022, with payment scheduled for November 11, 2022. The company, headquartered in Oswego, operates ten full-service offices in Oswego and Onondaga County, along with one limited purpose office in Oneida County.
Pathfinder Bancorp reported a net income increase of 8.74% to $3.3 million for Q2 2022, with earnings per share at $0.54. Total revenue decreased by 3.2% to $11.3 million. Interest-earning assets rose to $1.28 billion, a 7.53% increase from the previous year. Total loans grew by 10.3% year-over-year, while deposits increased by 10.29% to $1.14 billion. The quarterly cash dividend was raised by 28.6% to $0.09 per share. Despite these positive metrics, net interest income declined by 2.3%, and noninterest income fell by 9.6%. Asset quality remained strong, with no significant charge-offs reported.