Quarterly ResultApr 29, 2026, 04:12 PM
PBHC Q1 Net Income $2.4M, EPS $0.38; NIM 3.10%; Dividend $0.10
AI Summary
Pathfinder Bancorp, Inc. reported net income of $2.4 million, or $0.38 per diluted share, for Q1 2026, a significant improvement from a $5.6 million net loss in Q4 2025. The quarter saw a $168,000 provision benefit due to improved credit performance and lower net charge-offs. The company also achieved sequential-quarter net interest margin expansion to 3.10% and experienced growth in core deposits and commercial loans. A quarterly cash dividend of $0.10 per share was declared.
Key Highlights
- Net income attributable to common shareholders was $2.4 million, or $0.38 per diluted share, in Q1 2026.
- Reported a $168,000 provision benefit in Q1 2026, compared to an $11.2 million provision expense in Q4 2025.
- Net interest margin (NIM) expanded sequentially to 3.10% in Q1 2026 from 3.09% in Q4 2025.
- Deposits increased to $1.21 billion at March 31, 2026, from $1.18 billion at December 31, 2025.
- Core deposits grew to $993.7 million (82.01% of total) at March 31, 2026, from $947.2 million.
- Commercial loans grew to $549.5 million (61.4% of total) at March 31, 2026, from $543.7 million.
- Allowance for credit losses (ACL) was $29.0 million, or 3.24% of total loans, at March 31, 2026.
- A quarterly cash dividend of $0.10 per share was declared, payable on May 8, 2026.
Price Impact
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