secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0000950170-24-087268
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp Q2 net income $2.0M, EPS $0.32 flat YoY; East Syracuse branch acquired
--------------------------------------------------------------------------------

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024087268/0000950170-24-087268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024087268/pbhc-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer