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 (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.
Pathfinder Bancorp reported a significant increase in third quarter 2021 net income of $3.4 million, up from $1.5 million in the same period last year, reflecting a 15.7% growth in total revenue to $11.3 million. Year-to-date net income rose 70% to $8.5 million. Assets totaled $1.26 billion, with total deposits increasing 5.1% to $1.05 billion. Nonperforming loans improved to 1.11% from 2.58%. The company declared a cash dividend of $0.07 per share, yielding 1.7%. Despite challenges, the company aims to sustain performance into 2022 amidst economic recovery and potential inflation risks.
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.