Pathfinder Bancorp, Inc. Announces Second Quarter 2023 Net Income of $2.0 Million

OSWEGO, N.Y., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. ("Company") (NASDAQ: PBHC), the holding company for Pathfinder Bank ("Bank"), announced second quarter 2023 net income available to common shareholders of $2.0 million, or $0.32 per basic and diluted share. This reflects a decrease compared to the $3.3 million, or $0.54 per basic and diluted share, earned in the second quarter of 2022. The Company's total revenue, which is comprised of net interest income, before provision for credit losses, and total noninterest income, for the second quarter of 2023 was $10.8 million, decreasing by $456,000, or 4.0%, compared to the same quarter in 2022.

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