secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000950170-24-009786
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024009786/0000950170-24-009786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024009786/pbhc-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-009786

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