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.
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.