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)
House of Representatives Passes $78 Billion Tax Package
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78 billion. The bill was approved
Revitalizing a historic brand in New York State- JRECK Subs
Founded in Carthage, New York, in 1967, by 5 schoolteachers who started selling subs out of a converted school bus! JRECK Subs has built its reputation on quality, community, and
Pathfinder has total assets of more than $468 million and eight branches in Oswego and Onondaga counties.
Contact Tampone at ktampone@cnybj.com
