Pathfinder Bancorp Q4 net income $2.5M ($0.41/share), down 28% YoY; FY 2023 net income $9.3M ($1.51/share)

Pathfinder Bancorp, Inc.

Q4 net income $2.5M vs $3.5M in Q4 2022; diluted EPS $0.41 vs $0.58.
Full-year net income $9.3M vs $12.9M in 2022; diluted EPS $1.51 vs $2.13.
Net interest margin fell to 2.74% for Q4 (3.42% in Q4 2022) and 2.95% for FY 2023 (3.24% in FY 2022).
Total assets $1.47B (+4.7% YoY); loan portfolio stable at $897.2M; deposits slipped 0.5% to $1.12B.
Management guides to ~4% annual loan growth for 2024; provision for credit losses $2.9M for FY 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pathfinder Bancorp, Inc. reported fourth quarter 2023 results: net income $2.5 million, EPS $0.41 per basic and diluted share.

Period: fourth quarter 2023
Net income: $2.5 million
EPS: $0.41 per basic and diluted share
Result: reported results

Exact text from the filing

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.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Pathfinder Bancorp, Inc. reported full year 2023 results: net income $9.3 million, EPS $1.51 per basic and diluted share.

Period: full year 2023
Net income: $9.3 million
EPS: $1.51 per basic and diluted share
Result: reported results

Exact text from the filing

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.

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Pathfinder Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-009786

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