---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057559"
form_type: "8-K"
ticker: "PBHC"
cik: "0001609065"
company_name: "Pathfinder Bancorp, Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:39:54.422980+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pathfinder Bancorp Q3 net income $2.2M, down 31% YoY; $3.9M charge-offs on two loans

## Summary
- Net income $2.2M ($0.35 EPS) vs $3.2M ($0.52) in Q3 2022; revenue after provision $10.4M, -7.2%.
- Net interest income after provision $9.2M, -8.4%; interest expense surged to $7.6M from $2.6M.
- Recorded $3.9M in charge-offs on two large CRE/commercial relationships; loans total $11.5M at quarter-end.
- Total assets $1.40B; deposits stable at $1.13B (+$2.4M since Dec 2022); equity $113.8M.
- Management expects continued margin pressure; guides ~4% annual loan growth for next 12-24 months.

## SEC filing metadata
- accession: 0000950170-23-057559
- form_type: 8-K
- ticker: PBHC
- cik: 0001609065
- company_name: Pathfinder Bancorp, Inc.
- filed_at: 2023-11-01T23:59:59+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/1609065/000095017023057559/0000950170-23-057559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609065/000095017023057559/pbhc-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057559
- JSON: https://secwatch.observer/filing/0000950170-23-057559.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057559.txt

## Key facts
- Earnings Releases
  Pathfinder Bancorp, Inc. reported third quarter 2023 results: revenue $10.4 million, net income $2.2 million, EPS $0.35 per basic and diluted share.
  - Period: third quarter 2023
  - Revenue: $10.4 million
  - Net income: $2.2 million
  - EPS: $0.35 per basic and diluted share
  - Result: reported results
  source text: or $0.52 per basic and diluted share, earned in the third quarter of 2022. The Company's total revenue for the third quarter of 2023, after provision for credit losses, was $10.4 million, a decrease of $811,000, or 7.2%, compared to the same quarter in 2022. The Company's total revenue for the nine months ended September 30, 2023, after provision for credit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609065/000095017023057559/0000950170-23-057559-index.htm

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