NASDAQ : PBHC
Pathfinder Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 17.19 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 107.93M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 50.59M | 53.56M | 52.70M | 47.35M | 38.32M | 37.03M |
| Interest Income on Investments | 21.92M | 23.09M | 25.65M | 20.32M | 12.78M | 8.80M |
| Total Interest Income | 72.51M | 76.65M | 78.36M | 67.66M | 51.10M | 45.83M |
| Interest Paid on Deposits | 24.97M | 27.99M | 30.49M | 23.27M | 7.07M | 4.71M |
| Interest Paid on Borrowings | 5.44M | 4.33M | 6.88M | 5.48M | 2.62M | 2.82M |
| Total Interest Expense | 30.41M | 32.32M | 37.37M | 28.74M | 9.70M | 7.53M |
| Net Interest Income | 42.10M | 44.34M | 40.99M | 38.92M | 41.40M | 38.30M |
| Gain (Loss) on Sale of Assets | -152.00K | -152.00K | 3.16M | -250.00K | 201.00K | |
| Gain (Loss) on Sale of Investments | 901.00K | 1.51M | 221.00K | -95.00K | 183.00K | 419.00K |
| Other Non-Interest Income | 2.94M | 2.72M | 4.69M | 3.92M | 4.72M | 3.83M |
| Total Non-Interest Income | 5.13M | 2.56M | 9.69M | 5.25M | 5.91M | 6.23M |
| Revenues Before Loan Losses | 47.22M | 46.89M | 50.68M | 44.17M | 47.32M | 44.53M |
| Provision for Loan Losses | 11.17M | 16.40M | 11.11M | 2.99M | 2.75M | 1.02M |
| Revenue | 36.06M | 30.49M | 39.58M | 41.18M | 44.56M | 43.50M |
| Salaries and Employee Benefits | 19.06M | 17.92M | 17.56M | 15.45M | 15.38M | 13.75M |
| Occupancy Expenses | 5.23M | 5.14M | 3.92M | 3.34M | 3.15M | 2.90M |
| Federal Deposit Insurance | 916.00K | 604.00K | 916.00K | 885.00K | 606.00K | 874.00K |
| Selling, General & Administrative | 7.65M | 7.51M | 7.75M | 6.13M | 6.04M | 6.97M |
| Other Non-Interest Expense | 2.87M | 3.30M | 4.17M | 3.47M | 3.62M | 2.96M |
| Total Non-Interest Expense | 35.86M | 34.58M | 34.42M | 29.39M | 28.87M | 27.50M |
| EBT Excluding Unusual Items | 198.00K | -4.09M | 5.16M | 11.78M | 15.69M | 16.01M |
| Pretax Income | 198.00K | -4.09M | 5.16M | 11.78M | 15.69M | 16.01M |
| Income Tax Expense | -1.39M | -2.16M | 332.00K | 2.36M | 2.66M | 3.50M |
| Earnings From Continuing Operations | 1.59M | -1.93M | 4.83M | 9.42M | 13.03M | 12.51M |
| Minority Interest in Earnings | -1.45M | -129.00K | -101.00K | -103.00K | ||
| Net Income | 1.59M | -1.93M | 3.38M | 9.29M | 12.93M | 12.41M |
| Preferred Dividends & Other Adjustments | -38.00K | -38.00K | 68.00K | 190.00K | 3.21M | 3.12M |
| Net Income to Common | 1.62M | -1.90M | 3.31M | 9.10M | 9.72M | 9.29M |
| Basic Shares Outstanding | 6.28M | 6.16M | 6.09M | 6.03M | 5.94M | 5.22M |
| Diluted Shares Outstanding | 6.28M | 6.21M | 6.09M | 6.03M | 5.94M | 5.22M |
| EPS (Basic) | 0.26 | -0.31 | 0.54 | 1.51 | 1.64 | 1.78 |
| EPS (Diluted) | 0.26 | -0.31 | 0.54 | 1.51 | 1.64 | 1.78 |
| Dividend Per Share | 0.40 | 0.40 | 0.40 | 0.36 | 0.36 | 0.28 |
| Effective Tax Rate | 6.43% | 20.04% | 16.93% | 21.86% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 41.70M | 31.17M | 31.57M | 48.73M | 35.28M | 35.55M |
| Investment Securities | 472.36M | 187.30M | 214.62M | 229.50M | 187.35M | 175.81M |
| Trading Asset Securities | 1.51M | 6.09M | 4.59M | 9.72M | 1.46M | |
| Mortgage-Backed Securities | 225.88M | 217.47M | 211.71M | 200.64M | 176.39M | |
| Total Investments | 472.36M | 414.68M | 438.18M | 445.80M | 397.71M | 353.66M |
| Gross Loans | 873.00M | 898.01M | 920.57M | 897.78M | 898.75M | 833.23M |
| Allowance for Loan Losses | -22.74M | -29.44M | -17.24M | -15.97M | -15.32M | -12.94M |
| Other Adjustments to Gross Loans | -1.34M | -1.59M | -574.00K | -1.00M | -1.28M | |
| Net Loans | 850.26M | 867.23M | 901.74M | 881.23M | 882.43M | 819.01M |
| Property, Plant & Equipment | 33.85M | 34.99M | 37.08M | 24.04M | 24.18M | 23.80M |
| Goodwill | 5.06M | 5.06M | 5.06M | 4.54M | 4.54M | 4.54M |
| Other Intangible Assets | 4.89M | 5.36M | 5.99M | 85.00K | 101.00K | 117.00K |
| Loans Held for Sale | 5.70M | 5.90M | 513.00K | |||
| Accrued Interest Receivable | 6.23M | 6.33M | 6.88M | 7.29M | 6.17M | 4.52M |
| Restricted Cash | 1.60M | |||||
| Other Current Assets | 3.04M | 3.04M | ||||
| Long-Term Deferred Tax Assets | 6.37M | 4.18M | 3.93M | 3.71M | ||
| Other Real Estate Owned & Foreclosed | 83.00K | 137.00K | 151.00K | 221.00K | ||
| Other Long-Term Assets | 64.45M | 46.85M | 39.61M | 38.22M | 36.55M | 37.69M |
| Total Assets | 1.49B | 1.43B | 1.47B | 1.47B | 1.40B | 1.29B |
| Interest Bearing Deposits | 954.82M | 852.69M | 848.33M | 854.63M | 870.02M | 796.04M |
| Institutional Deposits | 134.78M | 142.47M | 95.27M | 71.70M | 67.45M | |
| Non-Interest Bearing Deposits | 203.69M | 196.38M | 213.72M | 170.17M | 183.71M | 191.86M |
| Total Deposits | 1.16B | 1.18B | 1.20B | 1.12B | 1.13B | 1.06B |
| Short-Term Borrowings | 150.00M | 44.00M | 61.00M | 125.68M | 60.33M | 12.50M |
| Current Portion of Long-Term Debt | 10.01M | |||||
| Current Portion of Leases | 467.00K | |||||
| Accrued Interest Payable | 278.00K | 424.00K | 546.00K | 2.25M | 975.00K | 106.00K |
| Long-Term Debt | 30.16M | 25.00M | 24.95M | 24.76M | 24.58M | 24.41M |
| Federal Home Loan Bank Debt, Long-Term | 5.55M | 4.06M | 27.07M | 49.92M | 55.66M | 64.60M |
| Long-Term Leases | 17.34M | 17.23M | 18.34M | 6.09M | 6.84M | 3.04M |
| Trust Preferred Securities | 5.16M | 5.16M | 5.16M | 5.16M | 5.16M | |
| Pension & Post-Retirement Benefits | 837.00K | 817.00K | 814.00K | 771.00K | 903.00K | |
| Other Long-Term Liabilities | 11.01M | 13.15M | 10.99M | 10.81M | 8.59M | 8.49M |
| Total Liabilities | 1.37B | 1.30B | 1.35B | 1.35B | 1.29B | 1.17B |
| Common Stock | 63.00K | 62.00K | 61.00K | 61.00K | 61.00K | 60.00K |
| Additional Paid-In Capital | 55.90M | 54.39M | 52.75M | 53.11M | 52.10M | 51.04M |
| Retained Earnings | 78.62M | 73.37M | 77.82M | 76.06M | 71.32M | 60.95M |
| Comprehensive Income & Other | -15.82M | -5.37M | -9.14M | -9.74M | -12.49M | -1.76M |
| Total Common Equity | 118.77M | 122.45M | 121.48M | 119.50M | 111.00M | 110.29M |
| Minority Interest | 761.00K | 585.00K | 346.00K | |||
| Shareholders' Equity | 118.77M | 122.45M | 121.48M | 120.26M | 111.58M | 110.63M |
| Total Liabilities & Equity | 1.49B | 1.43B | 1.47B | 1.47B | 1.40B | 1.29B |
| Total Debt | 203.05M | 105.92M | 136.51M | 211.60M | 152.57M | 109.70M |
| Net Cash (Debt) | -161.35M | -73.25M | -98.85M | -158.28M | -107.57M | -72.69M |
| Net Cash Per Share | -25.70 | -11.79 | -16.22 | -26.24 | -18.11 | -13.92 |
| Filing Date Shares Outstanding | 6.28M | 6.26M | 6.14M | 6.08M | 5.99M | 5.92M |
| Total Common Shares Outstanding | 6.28M | 6.19M | 6.13M | 6.08M | 5.99M | 5.92M |
| Book Value Per Share | 18.92 | 19.80 | 19.83 | 19.65 | 18.53 | 18.64 |
| Tangible Book Value | 108.82M | 112.03M | 110.44M | 114.87M | 106.36M | 105.63M |
| Tangible Book Value Per Share | 17.33 | 18.11 | 18.03 | 18.89 | 17.76 | 17.85 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.93M | 3.38M | 9.29M | 12.93M | 12.41M | |
| Depreciation & Amortization | 1.96M | 1.56M | 1.38M | 1.07M | 1.82M | |
| Other Amortization | 48.00K | 193.00K | 181.00K | 170.00K | 1.98M | |
| Gain (Loss) on Sale of Assets | 37.00K | -1.53M | 35.00K | -130.00K | -201.00K | |
| Gain (Loss) on Sale of Investments | -1.38M | -410.00K | 1.98M | 1.82M | 2.00M | |
| Total Asset Writedown | 380.00K | |||||
| Provision for Credit Losses | 16.34M | 10.97M | 2.93M | 2.75M | 1.02M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 402.00K | 149.00K | 235.00K | 631.00K | 1.33M | |
| Accrued Interest Receivable | 553.00K | 405.00K | -1.12M | -1.65M | 29.00K | |
| Change in Other Net Operating Assets | -1.04M | -2.59M | 1.58M | 3.70M | -454.00K | |
| Other Operating Activities | -3.89M | -1.02M | -1.30M | -437.00K | -78.00K | |
| Operating Cash Flow | 11.68M | 11.21M | 15.43M | 21.73M | 20.15M | |
| Capital Expenditures | -1.26M | -2.06M | -1.97M | -5.21M | -1.21M | |
| Sale of Property, Plant and Equipment | 3.01M | 991.00K | 231.00K | |||
| Investment in Securities | 26.75M | 8.68M | -48.58M | -58.91M | -54.52M | |
| Divestitures | 816.00K | 1.16M | ||||
| Purchase / Sale of Intangibles | -6.27M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 12.11M | -31.23M | -1.79M | -66.30M | -9.65M | |
| Other Investing Activities | 2.03M | 4.33M | -2.45M | -1.73M | -4.80M | |
| Investing Cash Flow | 40.45M | -22.40M | -54.79M | -131.16M | -69.95M | |
| Short-Term Debt Issued | 65.35M | 47.83M | 8.48M | |||
| Long-Term Debt Issued | 10.89M | 10.70M | 6.27M | 9.29M | 12.54M | |
| Total Debt Issued | 10.89M | 10.70M | 71.62M | 57.13M | 21.02M | |
| Short-Term Debt Repaid | -17.00M | -64.68M | ||||
| Long-Term Debt Repaid | -23.88M | -33.55M | -12.02M | -18.23M | -35.97M | |
| Total Debt Repaid | -40.88M | -98.23M | -12.02M | -18.23M | -35.97M | |
| Net Debt Issued (Repaid) | -29.99M | -87.53M | 59.60M | 38.90M | -14.95M | |
| Issuance of Common Stock | 656.00K | 291.00K | 623.00K | 418.00K | 551.00K | |
| Common Dividends Paid | -2.46M | -2.38M | -2.19M | -2.04M | -1.42M | |
| Preferred Dividends Paid | -180.00K | |||||
| Total Dividends Paid | -2.46M | -2.38M | -2.19M | -2.04M | -1.60M | |
| Net Increase (Decrease) in Deposit Accounts | -20.68M | 84.46M | -5.36M | 70.08M | 59.44M | |
| Other Financing Activities | -50.00K | -810.00K | 131.00K | 196.00K | 45.00K | |
| Financing Cash Flow | -52.52M | -5.97M | 52.81M | 107.56M | 43.48M | |
| Net Cash Flow | -402.00K | -17.16M | 13.45M | -1.87M | -6.32M | |
| Free Cash Flow | 10.42M | 9.15M | 13.47M | 16.52M | 18.94M | |
| Free Cash Flow Margin | 34.17% | 23.11% | 32.70% | 37.08% | 43.54% | |
| Free Cash Flow Per Share | 1.68 | 1.50 | 2.23 | 2.78 | 3.63 | |
| Cash Interest Paid | 32.44M | 38.62M | 27.47M | 1.75M | 7.44M | |
| Cash Income Tax Paid | 500.00K | 600.00K | 3.16M | 3.22M | 2.46M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 106.74M | 87.12M | 106.75M | 85.11M | 113.93M | 101.13M |
| Last Close Price | 17.00 | 13.74 | 16.61 | 12.93 | 17.26 | 15.21 |
| PE Ratio | 65.73 | 32.20 | 9.35 | 11.72 | 10.89 | |
| PS Ratio | 2.96 | 2.86 | 2.70 | 2.07 | 2.56 | 2.33 |
| PB Ratio | 0.90 | 0.71 | 0.88 | 0.71 | 1.02 | 0.91 |
| P/FCF Ratio | 9.69 | 8.36 | 11.67 | 6.32 | 6.89 | 5.34 |
| P/OCF Ratio | 9.03 | 7.46 | 9.52 | 5.51 | 5.24 | 5.02 |
| Debt / Equity Ratio | 1.71 | 0.86 | 1.12 | 1.76 | 1.37 | 0.99 |
| Debt / FCF Ratio | 10.17 | 14.92 | 15.71 | 9.23 | 5.79 | |
| Net Debt / Equity Ratio | 1.36 | 0.60 | 0.81 | 1.32 | 0.96 | 0.66 |
| Net Debt / FCF Ratio | 7.03 | 10.81 | 11.75 | 6.51 | 3.84 | |
| Return on Equity (ROE) | 1.29% | -1.58% | 3.99% | 8.13% | 11.73% | 12.01% |
| Return on Assets (ROA) | 0.11% | -0.13% | 0.33% | 0.66% | 0.97% | 1.00% |
| Earnings Yield | 1.52% | -2.22% | 3.17% | 10.92% | 11.35% | 12.27% |
| FCF Yield | 10.32% | 11.96% | 8.57% | 15.82% | 14.50% | 18.73% |
| Dividend Yield | 2.33% | 2.84% | 2.30% | 2.57% | 1.89% | 1.64% |
| Payout Ratio | 1,465.31% | 70.29% | 23.53% | 15.75% | 12.90% | |
| Buyback Yield / Dilution | -1.62% | -1.92% | -1.01% | -1.58% | -13.71% | -13.35% |
| Total Shareholder Return | 0.74% | 0.92% | 1.28% | 0.99% | -11.82% | -11.71% |