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Get filing alertsPathfinder Bancorp reports Q2 2026 net income of $2.7M ($0.42/share), up from $0.01/share a year ago
Filed July 30, 2026 · Period ending July 30, 2026 · ~2 min read
Key Changes
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Net income of $2.7M ($0.42/share) in Q2 2026, up from $2.4M ($0.38/share) in Q1 2026 and $31K (less than $0.01/share) in Q2 2025, driven by stable credit performance and improved earning asset deployment.
Exhibit 99.1 view on EDGAR → -
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Recorded $155K provision benefit and $1.9M net charge-offs in Q2 2026, primarily from a previously reserved commercial loan identified in last year's portfolio review. Allowance for credit losses at $26.9M (3.03% of loans), down from $29.0M (3.24%) at March 31, 2026.
Exhibit 99.1 view on EDGAR → -
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Net interest income increased to $10.5M from $10.3M in Q1 2026, driven by reallocation of underutilized liquidity into available-for-sale securities. Net interest margin compressed slightly to 3.08% from 3.10% in the prior quarter.
Exhibit 99.1 view on EDGAR → -
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Deposits totaled $1.17B at June 30, 2026, down from $1.21B at March 31, 2026, reflecting deliberate runoff of higher-cost brokered and non-relationship time deposits. Core deposits increased to 81.9% of total deposits from 78.47% a year earlier.
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly cash dividend of $0.10 per share on June 29, 2026, payable August 7, 2026, maintaining the consistent quarterly dividend level.
Exhibit 99.1 view on EDGAR →
Summary
Pathfinder Bancorp reported second quarter 2026 net income of $2.7 million, or $0.42 per diluted share, a substantial improvement from $31,000 (less than $0.01 per share) in the year-ago quarter and $2.4 million ($0.38 per share) in the first quarter of 2026.
The year-over-year turnaround reflects the company's successful absorption of credit losses from a comprehensive commercial portfolio review conducted in 2025, which led to a risk-based reserve build in the second half of that year. The quarter included a $155,000 provision benefit and $1.9 million in net charge-offs, primarily from a previously reserved commercial loan identified in last year's review.
The allowance for credit losses declined to $26.9 million (3.03% of total loans) from $29.0 million (3.24%) at March 31, 2026, as the ACL fully absorbed the charge-off without requiring incremental provision expense. Net interest income increased to $10.5 million from $10.3 million in the prior quarter, driven by the reallocation of underutilized liquidity into the available-for-sale securities portfolio. Net interest margin compressed slightly to 3.08% from 3.10% in the linked quarter, as higher deposit costs partially offset improved earning asset yields. Deposits totaled $1.17 billion at quarter-end, down from $1.21 billion at March 31, 2026, reflecting deliberate runoff of higher-cost brokered and non-relationship time deposits. Core deposits increased to 81.9% of total deposits from 78.47% a year earlier, as the bank focuses on its low-cost core deposit franchise. The board declared a quarterly cash dividend of $0.10 per share, payable August 7, 2026, maintaining the consistent quarterly payout level.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Pathfinder Bancorp disclosed Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 30, 2026, Pathfinder Bancorp, Inc. issued a press release disclosing its second quarter 2026 financial results.
The company announced its second quarter 2026 financial results through a press release attached as Exhibit 99.1. The 8-K body does not provide specific financial metrics; investors must review the press release exhibit for revenue, earnings, asset quality, and other performance details.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Loans totaled $889.0 million at June 30, 2026, compared to $895.2 million at March 31, 2026, and $909.7 million at June 30, 2025. Commercial loans were $544.6 million or 61.3% of total loans at June 30, 2026, compared to $549.5 million at March 31, 2026 and $549.1 million at June 30, 2025. ... Deposits totaled $1.17 billion at June 30, 2026, compared to $1.21 billion at March 31, 2026, and $1.22 billion at June 30, 2025. Core deposits were $961.6 million or $81.9% of total deposits on June 30, 2026, compared to $993.7 million at March 31, 2026 and $958.8 million on June 30, 2025.
Loans totaled $889.0 million at June 30, 2026, down from $895.2 million at March 31, 2026 and $909.7 million a year earlier. Deposits totaled $1.17 billion, down from $1.21 billion at March 31, 2026 and $1.22 billion at June 30, 2025, reflecting deliberate runoff of higher-cost brokered and non-relationship time deposits. Core deposits represented 81.9% of total deposits, up from 78.47% a year earlier, as the bank focuses on its low-cost core deposit franchise.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify