Pathfinder Bancorp Q2 Earnings Jump to $0.42/Share, Credit Stabilizes
PBHC sits 35% above its 52-week low of $12.057 on light trading volume (0.3× avg).
Summary
Pathfinder Bancorp reported Q2 2026 net income of $2.7 million, or $0.42 per diluted share, a sharp turnaround from near-breakeven a year ago and up from $0.38 in Q1. The improvement was driven by a $155,000 provision benefit—reflecting stabilized credit after last year's reserve build—and incremental net interest income from deploying excess liquidity into securities. Net charge-offs were $1.9 million, largely tied to a previously reserved commercial loan, and the allowance for credit losses remains elevated at 3.03% of loans. Loans dipped slightly to $889 million while deposits held at $1.17 billion. This follows a Q1 marked by a 38% spike in nonperforming loans; the Q2 results suggest those pressures are easing. Management expects further benefit in Q3 from late-May securities purchases funded with below-wholesale borrowings. The $0.10 quarterly dividend was maintained.
At the time of this announcement, PBHC was trading at $16.28 on NASDAQ in the Finance sector, with a market capitalization of approximately $101.9M. The 52-week trading range was $12.06 to $17.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.