Pathfinder (PBHC) Q2 Profit Drops
Pathfinder Bancorp (NASDAQ:PBHC), a community banking company headquartered in Central New York, released its second quarter earnings on July 30, 2025, for the period ending June 30, 2025. The most significant news was a major credit risk clean-up, including the sale of $9.3 million in nonperforming loans. This resulted in a pre-tax loss of $3.1 million and the sharpest decline in net income in recent periods. There were no analyst estimates available for comparison. Diluted earnings per share (GAAP) came in at less than $0.01, compared to $0.47 last quarter and $0.32 a year ago. Revenue (non-GAAP) was $12.277 million. Overall, the quarter was marked by decisive risk management moves. These actions raised short-term costs but also improved the company's underlying asset quality and efficiency results.
Pathfinder Bancorp is a regional community bank with a strong presence in Oswego County, New York, holding nearly half the county's deposit share. It operates 11 full-service branches and one motor bank, focusing on personal banking, business services, and municipal clients. The company’s primary business is lending to individuals, businesses, and local governments, focusing on commercial real estate and municipal loans.
Recently, it has concentrated on expanding commercial loan products, aiming to increase higher-yielding commercial banking activity while growing a base of stable, low-cost deposits. Strategic initiatives also include improving operational efficiency, managing credit risk, and adapting to regulatory changes such as new loan loss accounting standards. These factors -- loan quality, efficient funding, and regulatory compliance -- are central to the company’s ongoing success.
Source Fool.com
