Pathfinder Bancorp, Inc. — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Pathfinder Bancorp reported Q2 2026 net income of $2.7M ($0.42 diluted EPS) vs. $2.4M ($0.38) in Q1 2026 and $31K (<$0.01) in Q2 2025. The company received a $155K provision benefit (vs. $168K benefit in Q1 2026) as its allowance for credit losses (ACL) of $26.9M (3.03% of loans) absorbed a $1.6M charge-off of a previously reserved commercial loan. Net charge-offs were $1.9M. Deposits declined 3.1% QoQ to $1.17B; loans fell 0.7% to $889M. The bank purchased $82.1M in AFS securities in Q2, funded partly by $106M in new borrowings at rates below wholesale alternatives. Core deposits remained strong at 81.89% of total deposits. Cash dividend of $0.10/share declared.
Why this rating
Earnings recovery and credit stabilization are meaningful for an $80M market-cap bank, but deposit and loan declines, plus elevated nonperforming loans (4.02% of total), offset gains. Modest improvement.
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