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Pathfinder Bancorp, Inc. Announces First Quarter 2024 Net Income of $2.1 Million [Yahoo! Finance]

Pathfinder Bancorp, Inc. (PBHC) 
Company Research Source: Yahoo! Finance
OSWEGO, N.Y., April 29, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced first quarter 2024 net income available to common shareholders of $2.1 million, or $0.34 per basic and diluted share, compared to $2.6 million, or $0.43 per basic and diluted share, for the first quarter of 2023. The Company's total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the first quarter of 2024 was $11.1 million, a decrease of $423,000, or 3.7%, when compared to the same quarter in 2023. Performance Highlights for Three Months Ended March 31, 2024: The Bank's Board of Directors announced an 11.1% increase in its quarterly dividend to $0.10 per share. Pathfinder Bancorp, Inc. reported an increase in interest and dividend income of 23.7% to $18.6 million for the quarter ended March 31, 2024, up from $15.0 million in the same period of 20 Show less Read more
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