Pathfinder Bancorp, Inc. (PBHC)

Pathfinder Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	51.61	47.35	38.32	37.03	35.42	34.04
Interest Income on Investments	25.55	20.32	12.78	8.8	7.09	7.72
Total Interest Income	77.16	67.66	51.1	45.83	42.51	41.76
Interest Paid on Deposits	30.05	23.27	7.07	4.71	8.11	10.71
Interest Paid on Borrowings	7.34	5.48	2.62	2.82	2.75	2.82
Total Interest Expense	37.39	28.74	9.7	7.53	10.86	13.53
Net Interest Income	39.77	38.92	41.4	38.3	31.64	28.23
Net Interest Income Growth (YoY)	-2.85%	-6.00%	8.12%	21.02%	12.09%	9.56%
Gain (Loss) on Sale of Assets	-0.04	-	-0.25	0.2	-	-
Gain (Loss) on Sale of Investments	-0.17	-0.1	0.18	0.42	0.45	0.41
Other Non-Interest Income	4.85	3.92	4.72	3.83	3.46	3.05
Total Non-Interest Income	6.16	5.25	5.91	6.23	6.49	4.92
Non-Interest Income Growth (YoY)	7.34%	-11.21%	-5.09%	-3.92%	31.89%	28.21%
Revenues Before Loan Losses	45.93	44.17	47.32	44.53	38.13	33.15
Provision for Loan Losses	10.43	2.99	2.75	1.02	4.71	1.97
Revenue	35.49	41.18	44.56	43.5	33.42	31.18
Revenue Growth (YoY)	-15.73%	-7.59%	2.43%	30.17%	7.18%	10.95%
Salaries and Employee Benefits	17.02	15.45	15.38	13.75	12.87	13
Occupancy Expenses	3.53	3.34	3.15	2.9	2.77	2.43
Federal Deposit Insurance	0.91	0.89	0.61	0.87	0.7	0.42
Selling, General & Administrative	7.57	6.13	6.04	6.97	5.89	5.95
Other Non-Interest Expense	3.77	3.47	3.63	2.97	2.8	3.59
Total Non-Interest Expense	32.92	29.4	28.87	27.5	25.08	25.73
EBT Excluding Unusual Items	2.58	11.78	15.69	16.01	8.34	5.45
Pretax Income	2.58	11.78	15.69	16.01	8.34	5.45
Income Tax Expense	0.43	2.36	2.66	3.5	1.3	1.17
Earnings From Continuing Operations	2.15	9.42	13.03	12.51	7.05	4.29
Minority Interest in Earnings	-0.14	-0.13	-0.1	-0.1	-0.1	-0.01
Net Income	2.01	9.29	12.93	12.41	6.95	4.28
Preferred Dividends & Other Adjustments	0.49	2.27	3.21	3.12	1.55	0.7
Net Income to Common	1.52	7.02	9.72	9.29	5.41	3.58
Net Income Growth	-80.44%	-28.14%	4.23%	78.52%	62.54%	6.08%
Basic Shares Outstanding	6	6	6	5	5	4
Diluted Shares Outstanding	6	6	6	5	5	4
Shares Change (YoY)	1.29%	1.58%	13.71%	13.35%	3.23%	4.64%
EPS (Basic)	0.25	1.16	1.64	1.78	1.17	0.80
EPS (Diluted)	0.25	1.16	1.64	1.78	1.17	0.80
EPS Growth	-80.62%	-28.90%	-7.93%	51.97%	46.25%	-14.89%
Dividend Per Share	0.390	0.360	0.360	0.280	0.240	0.240
Dividend Growth	8.33%	0%	28.57%	16.67%	0%	0%
Effective Tax Rate	16.69%	20.04%	16.93%	21.86%	15.53%	21.37%

Source: S&P Capital IQ. Banks template. Financial Sources.