secwatch.observer — SEC 8-K summary
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Issuer:     Pathfinder Bancorp, Inc. (PBHC)
CIK:        0001609065
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0000950170-24-118978
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pathfinder Bancorp Q3 net loss $4.6M; $9M provision drives $8.7M charge-offs
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- Net loss $4.6M ($0.75/sh) vs Q2 income $2.0M ($0.32/sh); $9.0M provision from comprehensive loan review.
- Net charge-offs $8.7M; nonperforming loans cut 34% to $16.2M (1.75% of total loans).
- Net interest income $11.7M (+23.8% linked qtr); NIM 3.34% (+56bps); includes $887k catch-up interest.
- Deposits $1.20B (+8.6% q/q) with $186M from branch acquisition; loan-to-deposit 77.1%.
- Sold FitzGibbons Agency for ~$2.0M; Q4 gain expected. Dividend $0.10/sh payable Nov 8.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024118978/0000950170-24-118978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609065/000095017024118978/pbhc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-118978

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