Pathfinder Bancorp Q1 net income $2.1M ($0.34 EPS); dividend raised 11.1% to $0.10

Pathfinder Bancorp, Inc.

Net income $2.1M ($0.34 diluted) vs $2.6M ($0.43) in Q1 2023, down 19%.
Total revenue $11.1M, down 3.7% YoY; net interest margin 2.75% vs 3.02%.
Quarterly dividend increased 11.1% to $0.10 per share, payable on a future date.
Total loans $891.5M, down $18.6M YoY and $5.7M from December 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Pathfinder Bancorp, Inc. reported first quarter 2024 results: revenue total revenue... of $11.1 million, net income net income available to common shareholders of $2.1 million, EPS $0.34 per basic and diluted share.

Period: first quarter 2024
Revenue: total revenue... of $11.1 million
Net income: net income available to common shareholders of $2.1 million
EPS: $0.34 per basic and diluted share
Result: reported results

Exact text from the filing

2023. The Company's total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the first quarter of 2024 was $11.1 million, a decrease of $423,000, or 3.7%, when compared to the same quarter in 2023. Performance Highlights for Three Months Ended March 31, 2024: • The Bank's Board of Directors

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Pathfinder Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-049868

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