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Pathfinder Bancorp, Inc. Announces Fourth Quarter 2023 Net Income of $2.5 Million and Full Year Net Income of $9.3 Million

Pathfinder Bancorp, Inc. (PBHC) 
Company Research Source: GlobeNewswire
OSWEGO, N.Y., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced fourth quarter 2023 net income available to common shareholders of $2.5 million, or $0.41 per basic and diluted share, compared to $3.5 million, or $0.58 per basic and diluted share, for the fourth quarter of 2022. For the full year 2023, total net income attributable to Pathfinder Bancorp, Inc. was $9.3 million, or $1.51 per basic and diluted share, compared to $12.9 million, or $2.13 per basic and diluted share, in 2022. Performance Highlights for Three Months Ended December 31, 2023:  Pathfinder Bancorp, Inc. reported net income for the quarter of $2.5 million, a decrease from the $3.5 million reported in the same period of 2022.The Company reported an increase in interest and dividend income of 22.0% to $18.3 million for the quarter ended December 31, 2023, up from $15.0 million in the same three month period o Show less Read more
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