Pathfinder Bancorp Inc Md Stock Price, News & Analysis

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.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has completed a private placement of $25 million in 5.50% Fixed to Floating Rate Subordinated Notes. These Notes will mature on October 15, 2030, with a fixed interest rate until October 15, 2025, after which it will be tied to the three-month SOFR plus 532 basis points. This issuance aims to strengthen the Company's capital for growth and replace existing higher-yield debentures without causing shareholder dilution. The offering was facilitated by Performance Trust Capital Partners, LLC.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) has declared a cash dividend of $0.06 per share on common and preferred stock for the fiscal quarter ending September 30, 2020. Additionally, a $0.06 dividend per notional share will be paid for issued common stock warrants. Shareholders of record on October 16, 2020 will receive the dividend payment on November 6, 2020.

Pathfinder Bancorp (PBHC) reported a strong second quarter in 2020, achieving a net income of $1.8 million, up from $607,000 in Q2 2019. Total revenue rose by 15.7% to $9.2 million. Year-to-date net income reached $3.5 million, compared to $1.1 million last year. Average interest-earning assets climbed 20.1%, alongside a reduction in noninterest expenses by 11.9%. However, the company faced a $1.1 million provision for loan losses, reflecting COVID-19-related uncertainties. Overall, total assets grew to $1.17 billion, with a significant increase in deposits to $970.6 million.

Pathfinder Bancorp has declared a cash dividend of $0.06 per share on its common and preferred stock for the fiscal quarter ending June 30, 2020. The same amount will also be issued per notional share for the common stock warrant. Shareholders of record by July 17, 2020 will receive the dividend on August 14, 2020. Pathfinder Bank operates ten full-service offices in New York State, with deposits insured by the FDIC, ensuring safety for its customers.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) reports a 157.4% increase in net income available to common shareholders, rising to $1.3 million or $0.29 per diluted share in Q1 2020 from $514,000 in Q1 2019. Total revenue increased 24.7% year-over-year to $9.5 million, driven by an 18.8% increase in net interest income. Loans rose by 14.1% to $750.5 million and deposits grew 11.7% to $899.9 million. Despite operational challenges from the COVID-19 pandemic, the Company improved its liquidity and implemented loan deferrals for affected customers.