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.
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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. (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.
Pathfinder Bancorp (NASDAQ: PBHC) reported a 37% increase in net income for Q1 2022, totaling $3.0 million or $0.49 per share, compared to $2.2 million in Q1 2021. Total revenue rose 6.4% to $11.1 million. While total loans decreased to $855.6 million, excluding PPP loans, they grew 7.2% year-over-year. The net interest margin expanded to 3.06%. The company raised its dividend by 28.6% to $0.09. Despite increasing noninterest expenses by 9.3% due to inflation, asset quality remains strong, with nonperforming loans at 0.81%.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) announces the appointment of James A. Dowd as Interim President and CEO, effective immediately, following Thomas W. Schneider's resignation due to health concerns. Schneider transitions to Director of Capital Markets and Corporate Strategy. Dowd has been with Pathfinder since 1994, previously serving as CFO and COO, and has significantly contributed to the bank's expansion and increased deposits. Total assets grew from $216 million in 1999 to nearly $1.3 billion by the end of 2021, reflecting strong growth under Schneider's leadership.
Pathfinder Bancorp has declared a cash dividend of $0.09 per share on common and non-voting stock for Q1 2022, marking a 28.6% increase from the previous quarter's dividend. The dividend will be payable to shareholders of record on April 22, 2022, and distributed on May 6, 2022. This reflects the company's commitment to returning value to shareholders amid a stable operational framework, as it continues its services through its ten full-service branches in central New York.
Pathfinder Bancorp (NASDAQ: PBHC) reported record net income of $12.4 million for 2021, up from $7.0 million in 2020. The fourth quarter 2021 earnings reached $3.9 million, or $0.64 per share, a significant increase compared to $1.9 million, or $0.33 per share, in Q4 2020. Total revenues rose 16.8% to $44.5 million, driven by a 21% increase in net interest income. Total assets grew to $1.28 billion, with deposits increasing to $1.06 billion. The Company recorded a $1.0 million benefit in its provision for loan losses, reflecting improved asset quality.
Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.07 per share on common stock and a $0.07 cash dividend per notional share for warrants. The dividend is set to benefit shareholders of record by January 14, 2022 and will be distributed on February 4, 2022. Located in Oswego, New York, Pathfinder Bank operates ten full-service offices and is known for its insured deposits through the FDIC.
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