earnings
confidence high
sentiment neutral
materiality 0.60
Pathfinder Bancorp Q2 net income $2.0M, EPS $0.32 flat YoY; East Syracuse branch acquired
Pathfinder Bancorp, Inc.
2025-Q2 EPS reported
$0.41
- Net income $2.0M ($0.32 EPS) unchanged YoY; total revenue $10.7M down 1.2%.
- Net interest margin 2.78% expanded 3 bps from Q1 2024 but down from 2.96% a year ago.
- Noninterest expense $7.9M +10.2% YoY on higher salaries & professional fees.
- Completed purchase of East Syracuse branch; assumed $186M deposits, $30M loans; to repay ~$150M borrowings at 5.33%.
- Nonperforming loans ratio rose to 2.76% from 1.92% at Dec 2023; ACL ratio 1.90%.