Pathfinder Bancorp Inc Md Stock Price, News & Analysis

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.07 per share on its common stock for the fiscal quarter ending September 30, 2021. The dividend will also apply to notional shares for issued warrants. Shareholders of record by October 15, 2021 will receive the dividend on November 5, 2021. Pathfinder Bank, headquartered in Oswego, NY, operates multiple branches in the region and is federally insured. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

Pathfinder Bancorp (NASDAQ: PBHC) reported a significant increase in net income, reaching $3.0 million for Q2 2021, up from $1.8 million in Q2 2020. Total revenue rose by 27% to $11.6 million, driven by a 33.7% increase in net interest income. For the first six months of 2021, net income totaled $5.2 million, a 46.2% increase from 2020. The bank's assets grew to $1.26 billion, with total deposits increasing by 6.3% year-over-year. Despite a rise in noninterest expenses, the company converted preferred stock into non-voting common stock, enhancing financial structure and transparency.

Pathfinder Bancorp has announced a cash dividend of $0.07 per share on both voting and non-voting common stock, alongside $0.07 per notional share for issued warrants for the fiscal quarter ending June 30, 2021. Shareholders of record as of July 16, 2021, will receive the payment on August 13, 2021. The bank operates ten full-service offices in Oswego and Onondaga County, and its deposits are FDIC insured.

Pathfinder Bancorp, Inc. (PBHC) reported a net income of $2.2 million for Q1 2021, a 27.5% increase year-over-year. Revenue reached $10.4 million, up 9.2% from Q1 2020. Total loans increased by 15.3% to $865.3 million, and deposits rose by 18.8% to $1.07 billion. Net interest income grew by 10% to $8.6 million despite a decline in net interest margin to 2.85%. The quarterly cash dividend was raised by 16.7% to $0.07 per share. The company maintains low net loan charge-offs at 0.05%, but nonperforming loans remain at 2.47%, influenced by pandemic-related challenges.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) updated its earnings release, revising pretax net income for the year ended December 31, 2020, showing a decrease of $659,000 due to a reduction in loan interest income and increased operating expenses. Despite these adjustments, net income and earnings per share remained unchanged. The company also reported an improved income tax expense of $659,000 attributed to net operating loss carryback claims. Total assets and liabilities decreased by $140,000 with no change to shareholders' equity. Key metrics reflected increased nonperforming loans.

Pathfinder Bancorp has declared a cash dividend of $0.07 per share on its common and preferred stock, along with a cash dividend of $0.07 per notional share for issued warrants for the fiscal quarter ending March 31, 2021. Shareholders of record on April 15, 2021, will receive the dividend on May 7, 2021. The bank operates ten full-service offices in Oswego and Onondaga County and is federally insured. This announcement underscores the bank's ongoing commitment to returning value to shareholders amidst competitive and regulatory challenges.

Pathfinder Bancorp reported fourth quarter 2020 net income of $1.9 million, unchanged from Q4 2019, with earnings per share rising to $0.33. Full-year net income surged 62.5% to $7.0 million, driven by a 16.1% revenue increase to $38.5 million. Total loans grew by 5.6% to $825.5 million, while deposits rose 12.9% to $995.9 million. Noninterest expense decreased 3.7% to $24.8 million. The bank's funding cost declined to 1.19%. However, nonperforming loans increased to 1.63%, attributed to COVID-19 impacts. A cash dividend of $0.06 per share was also declared.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has announced a cash dividend of $0.06 per share on its common and preferred stock and $0.06 per notional share for the common stock warrant for the fiscal quarter ending December 31, 2020. The dividends are payable to shareholders of record on January 15, 2021, and will be disbursed on February 5, 2021. Pathfinder Bank operates in Oswego and Onondaga Counties, New York, providing comprehensive banking services. This announcement reflects the company's ongoing commitment to returning value to shareholders.

Pathfinder Bancorp (NASDAQ: PBHC) reported a strong third quarter 2020, with net income of $1.5 million, up from $1.3 million in Q3 2019. Revenue rose to $9.8 million, a 15.4% increase year-over-year. For the first nine months of 2020, net income reached $5.0 million, doubling from $2.4 million in the same period last year. Total loans increased 13% year-over-year to $820.3 million, while total deposits grew by 16.1% to $998.2 million. The bank also introduced a new digital banking platform, enhancing service delivery amidst COVID-19 challenges.