---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036499"
form_type: "8-K"
ticker: "PBHC"
cik: "0001609065"
company_name: "Pathfinder Bancorp, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:19:32.175465+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pathfinder Bancorp Q2 net income $2.0M, EPS $0.32, down 39% YoY; PCL spikes to $1.1M on two large loans

## Summary
- Net income $2.0M ($0.32 diluted EPS) vs $3.3M ($0.54) in Q2 2022, down 39.4% YoY.
- Provision for credit losses surged to $1.1M from $59k due to deterioration in two large CRE/commercial loan relationships totaling $13.1M.
- Net interest margin 2.96% vs 3.14% in Q2 2022; total revenue $10.8M, down 4.0% YoY.
- Total assets $1.39B, down 0.54% from year-end; deposits decreased $24.3M or 2.2% to $1.10B.
- Management expects some charge-offs next quarter from the two problem credits; loan growth guided ~4% annually.

## SEC filing metadata
- accession: 0000950170-23-036499
- form_type: 8-K
- ticker: PBHC
- cik: 0001609065
- company_name: Pathfinder Bancorp, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1609065/000095017023036499/0000950170-23-036499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609065/000095017023036499/pbhc-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036499
- JSON: https://secwatch.observer/filing/0000950170-23-036499.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036499.txt

## Key facts
- Earnings Releases
  Pathfinder Bancorp, Inc. reported second quarter 2023 results: revenue $10.8 million, net income $2.0 million, EPS $0.32 per basic and diluted share.
  - Period: second quarter 2023
  - Revenue: $10.8 million
  - Net income: $2.0 million
  - EPS: $0.32 per basic and diluted share
  - Result: reported results
  source text: The Company's total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the second quarter of 2023 was $10.8 million, decreasing by $456,000, or 4.0%, compared to the same quarter in 2022. Performance Highlights for the Three Months Ended June 30, 2023 • The Company reported net income of $2.0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609065/000095017023036499/0000950170-23-036499-index.htm
- Earnings Releases
  Pathfinder Bancorp, Inc. reported the six months ended June 30, 2023 results: net income $4.6 million.
  - Period: the six months ended June 30, 2023
  - Net income: $4.6 million
  - Result: reported results
  source text: The Company reported net income of $4.6 million, for the six months ended June 30, 2023, a decrease of $1.6 million, or 26.4%, compared to the net income for the same six month period in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609065/000095017023036499/0000950170-23-036499-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.