Welcome to our dedicated page for Pathfinder Bancorp news (Ticker: PBHC), a resource for investors and traders seeking the latest updates and insights on Pathfinder Bancorp stock.
Pathfinder Bancorp, Inc. reports recurring developments for its role as the bank holding company of Pathfinder Bank, a commercial bank serving Central New York depositors and borrowers. Company updates commonly cover operating results, net interest margin, core deposit trends, commercial loan growth, residential and commercial real estate lending, small business and consumer lending, and credit quality.
News also includes capital-return actions such as quarterly cash dividends on voting and non-voting common stock and the issued warrant. Recent operating themes include commercial loan portfolio review activity, reserve levels, asset-quality actions, funding from the deposit franchise, and changes in noninterest income following the sale of the insurance agency business.
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.