OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC) earned $529,000, or 16 cents a share, in the first quarter, up from $426,000, or 12 cents a share, a year earlier.
A rise of $174,000 in net interest income drove the improved profit, according to the Oswego–based banking company.
“While total loans outstanding did not increase in the first quarter, our loan pipeline set to close during the second quarter will help us continue to offset net interest rate spread compression,” Pathfinder President and CEO Thomas Schneider said in a news release.
(Sponsored)
The Importance of Relationship Banking for Small Business Success
Small business owners wear many hats. Each day can bring on new challenges requiring valuable time and focus – especially in the competitive economic environment we live in today. The
Ask the Expert: How Registered Apprenticeship Can Solve Employers’ Workforce Challenges
In today’s competitive labor market, employers face growing challenges: finding skilled workers, retaining top talent, and preparing for rapid technological change. Traditional hiring methods alone aren’t keeping up. That’s where
Pathfinder has total assets of more than $468 million and eight branches in Oswego and Onondaga counties.
Contact Tampone at ktampone@cnybj.com
