---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009786"
form_type: "8-K"
ticker: "PBHC"
cik: "0001609065"
company_name: "Pathfinder Bancorp, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:07:41.339500+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-009786
- form_type: 8-K
- ticker: PBHC
- cik: 0001609065
- company_name: Pathfinder Bancorp, Inc.
- filed_at: 2024-02-01T23:59:59+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/1609065/000095017024009786/0000950170-24-009786-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1609065/000095017024009786/pbhc-20240201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009786
- JSON: https://secwatch.observer/filing/0000950170-24-009786.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009786.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609065/000095017024009786/0000950170-24-009786-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1609065/000095017024009786/0000950170-24-009786-index.htm

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