OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $823,000 in the second quarter, up 14 percent from $721,000 in the year-ago period.
Profit at the Oswego–based banking company was lifted by a $288,000 after-tax gain on the sale of an $8.8 million residential-loan portfolio. Pathfinder said it sold longer term and fixed-rate, lower yielding loans as it seeks to manage the interest-rate risk of its balance sheet.
Pathfinder’s earnings per share rose to 33 cents in the second quarter from 24 cents in the year-earlier quarter.
(Sponsored)
Close the Skills Gap: Build Your Workforce with MACNY Registered Apprenticeship Program
In today’s competitive labor market, finding qualified candidates through traditional hiring methods has never been more challenging. As industries evolve and workforce demands shift, employers are facing a growing skills
Tips, Overtime and More: Are You Ready for the One Big Beautiful Bill?
Since officially becoming law on Independence Day 2025, the One Big Beautiful Bill Act (OBBBA) has led to significant changes in both individual and business taxes. For businesses with employees
Pathfinder Bank has eight full-service branch offices in Oswego County and northern Onondaga County. It is planning to open a loan-production office in the Pike Block Building in downtown Syracuse this fall.
To read more about Pathfinder Bank, check out the Aug. 2 Banking & Wealth Management special report in The Central New York Business Journal.
Contact Rombel at arombel@cnybj.com
