Key Highlights

  • Pathfinder declared a quarterly cash dividend of $0.10 per share on voting and non-voting common stock, payable November 6, 2026.
  • Second-quarter net income attributable to common shareholders was $2.7 million, or $0.42 per diluted share.
  • Net interest income was $10.5 million, and the net interest margin was 3.08%, compared with 3.11% a year earlier.
  • Loans totaled $889.0 million and deposits totaled $1.17 billion at June 30, 2026, and the efficiency ratio was 74.26%.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly cash dividend of $0.10 per share on its voting and non-voting common stock in a release dated September 28, 2026. The dividend is payable on November 6 to shareholders of record on October 16. The prior $0.10 dividend, declared on June 29, was paid on August 7.

Dividend Program and Shareholder Returns

The September 28 release states that the board declared a cash dividend of $0.10 per share for the fiscal quarter ending September 30, 2026. It applies to both the voting common stock and the non-voting common stock. It will be paid on November 6, 2026, to shareholders of record on October 16, 2026, which is also the ex-dividend date.

On June 29, 2026, the board declared a cash dividend of $0.10 per share, paid on August 7, 2026.

At June 30, 2026, shareholders’ equity totaled $125.7 million, and book value per common share was $20.03.

About the Company

Pathfinder Bancorp, Inc. is the holding company for Pathfinder Bank, a New York State chartered commercial bank headquartered in Oswego. The bank has twelve full-service offices in Oswego and Onondaga County and one limited-purpose office in Oneida County. Total assets were $1.49 billion at June 30, 2026. The company’s common stock trades on the Nasdaq.

Financial Performance Behind the Payout

Second-quarter net income attributable to common shareholders was $2.7 million, or $0.42 per diluted share, compared with $2.4 million, or $0.38, in the first quarter of 2026 and $31,000, or less than $0.01 per share, in the second quarter of 2025.

Net interest income was $10.5 million, compared with $10.8 million a year earlier. The net interest margin was 3.08%, compared with 3.11% in the year-ago period. Noninterest expense was $8.7 million, and the efficiency ratio was 74.26%. A credit loss provision benefit of $155,000 was recorded in the quarter.

Commercial loans were $544.6 million, or 61.3% of total loans. Specific reserves represented 62.0% of the allowance for credit losses at the end of the second quarter. At June 30, 2026, the company’s Tier 1 capital to assets ratio was 8.93%, and its tangible common equity to tangible assets ratio was 7.80%.

Liquidity Redeployment and Balance Sheet Movements

The release describes an opportunistic reallocation of underutilized liquidity into the available-for-sale securities portfolio during the quarter.

Loans totaled $889.0 million at June 30, 2026, compared with $895.2 million at March 31, 2026, and $909.7 million at June 30, 2025. Deposits totaled $1.17 billion, compared with $1.21 billion at March 31, 2026. Core deposits were $961.6 million, or 81.9% of total deposits.

Outlook

Pathfinder has declared a quarterly dividend of $0.10 per share payable on November 6, 2026.

Net interest margin, deposit levels, loan balances, the efficiency ratio, credit loss reserves and the board’s quarterly declarations are the relevant factors for the dividend.