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Stock impact report

Pathfinder Bancorp, Inc. Announces Third Quarter 2024 Results

Pathfinder Bancorp, Inc. (PBHC) 
Company Research Source: GlobeNewswire
Results reflect branch-acquisition-related expenses, as well as provision expense resulting from a comprehensive loan portfolio review that significantly reduced nonperformers, as Pathfinder positions the Bank for organic growth in its Central New York markets OSWEGO, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the third quarter ended September 30, 2024. The holding company for Pathfinder Bank (“the Bank”) reported a third quarter 2024 net loss attributable to common shareholders of $4.6 million or $0.75 per share, compared to net income available to common shareholders of $2.0 million or $0.32 per share in the second quarter of 2024 and $2.2 million or $0.35 per share in the third quarter of 2023. Third Quarter 2024 Highlights and Key Developments The net loss reflected $9.0 million in provision expense that primarily resulted from a comprehensive loan portfolio review that t Show less Read more
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