Filing Analysis
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share. The dividend is scheduled to be paid on August 7, 2026.
📋 Key Facts
- Dividend amount: $0.10 per voting and non-voting common share
- Record date: July 17, 2026
- Payment date: August 7, 2026
- Announcement date: June 29, 2026
Pathfinder Bancorp, Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 4, 2026. Shareholders approved the election of four directors and ratified the appointment of Bonadio & Company, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
📋 Key Facts
- Annual Meeting held on June 4, 2026.
- Four directors elected for three-year terms: David Ayoub, William Barclay, James Dowd, and John Sharkey.
- Bonadio & Company, LLP ratified as independent auditor for 2026 with 3,981,917 votes in favor.
- John Sharkey received the lowest 'For' vote count among directors (2,545,016) and the highest 'Withheld' count (613,129).
Pathfinder Bancorp, Inc. filed an 8-K to furnish a presentation delivered during its Annual Meeting of Shareholders held on June 4, 2026.
📋 Key Facts
- Annual Meeting of Shareholders occurred on June 4, 2026.
- The company furnished a presentation to shareholders as Exhibit 99.1.
- The filing was signed by James A. Dowd, President and CEO.
Pathfinder Bancorp, Inc. has entered into a fourth amendment to its Registration Rights Agreement with Castle Creek Capital Partners VII, L.P., extending the deadline to file a resale registration statement. The new deadline is May 8, 2027, representing the fourth consecutive one-year extension of this obligation.
🚩 Red Flags
- The company has repeatedly delayed (four consecutive years) its contractual obligation to register securities for resale, which may indicate a desire to avoid the administrative costs or regulatory scrutiny associated with a registration statement.
📋 Key Facts
- On May 4, 2026, the Company and Castle Creek agreed to the Fourth Amendment to the Registration Rights Agreement.
- The amendment extends the deadline for filing a resale registration statement for securities originally issued in May 2019.
- The original registration deadline was May 8, 2023, but has been extended annually for the last three years.
- The new extended deadline is May 8, 2027.
- Castle Creek Capital Partners VII, L.P. is the institutional investor involved in the agreement.
Pathfinder Bancorp, Inc. reported its financial results for the first quarter of 2026. The disclosure was made via a press release on April 29, 2026, and furnished under Item 2.02.
📋 Key Facts
- The company issued a press release disclosing Q1 2026 financial results on April 29, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- A copy of the press release is included as Exhibit 99.1.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share for both voting and non-voting common stock, as well as for issued warrants. The dividend is payable on May 8, 2026, to shareholders of record as of April 17, 2026.
📋 Key Facts
- Quarterly cash dividend of $0.10 per share declared on March 30, 2026
- Dividend applies to voting common, non-voting common, and notional shares for issued warrants
- Record date is April 17, 2026
- Payment date is May 8, 2026
Pathfinder Bancorp revised its Q4 and FY 2025 financial results to include an additional $1.5 million income tax benefit, narrowing its reported losses. The adjustment resulted from an updated analysis of deferred tax assets and will be reflected in the upcoming Annual Report on Form 10-K.
🚩 Red Flags
- Revision of financial results within 30 days of the initial earnings release suggests potential weaknesses in internal controls over financial reporting, specifically regarding tax accounting.
📋 Key Facts
- Recorded an additional $1.5 million income tax benefit for the quarter ended December 31, 2025.
- Revised Q4 2025 net loss from $7.0 million ($1.11 per diluted share) to $5.6 million ($0.88 per diluted share).
- Revised FY 2025 net loss from $3.4 million ($0.54 per diluted share) to $1.9 million ($0.31 per diluted share).
- The adjustment is non-cash and relates to temporary differences in deferred tax asset (DTA) measurements.
- The initial earnings release occurred on January 29, 2026, with this correction following on February 27, 2026.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its fourth quarter 2025 financial results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- Report date: January 29, 2026
- Subject matter: Disclosure of Q4 2025 financial results
- Included Exhibit 99.1: Press release dated January 29, 2026
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share. The dividend is scheduled to be paid on February 6, 2026.
📋 Key Facts
- Quarterly cash dividend declared: $0.10 per voting common and non-voting common share.
- Dividend for issued warrants: $0.10 per notional share.
- Record date for shareholders: January 16, 2026.
- Payment date: February 6, 2026.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its third quarter 2025 financial results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- Report date: October 30, 2025
- Subject matter: Disclosure of Q3 2025 financial results
- Exhibit 99.1 contains the detailed press release regarding operations and financial condition.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share for both common stock and warrants.
📋 Key Facts
- Dividend amount: $0.10 per voting/non-voting common share.
- Dividend amount: $0.10 per notional share for issued warrants.
- Record date: October 17, 2025.
- Payment date: November 7, 2025.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its second quarter 2025 financial results via a press release. This is a routine regulatory filing for public companies providing quarterly performance updates.
📋 Key Facts
- Report date: July 30, 2025
- Content: Disclosure of Q2 2025 financial results (Exhibit 99.1)
- Company is listed on the Nasdaq Stock Market under ticker PBHC
Pathfinder Bancorp, Inc. announced a quarterly cash dividend declaration of $0.10 per share for both common stock and warrants.
📋 Key Facts
- Dividend amount: $0.10 per voting/non-voting common share.
- Dividend amount: $0.10 per notional share for issued warrants.
- Record date: July 18, 2025.
- Payment date: August 8, 2025.
Pathfinder Bancorp, Inc. held its 2025 Annual Meeting of Shareholders on June 5, 2025. Shareholders approved the election of four directors and ratified the appointment of Bonadio & Company, LLP as the independent auditor for the fiscal year ending December 31, 2025.
📋 Key Facts
- Annual Meeting held on June 5, 2025.
- Four directors elected: Eric Allyn, Meghan Crawford-Hamlin, Adam C. Gagas, and Melanie Littlejohn for three-year terms.
- Bonadio & Company, LLP ratified as the independent registered public accounting firm for the year ending Dec 31, 2025.
- Shareholders approved all proposals presented at the meeting.
Pathfinder Bancorp, Inc. held its Annual Meeting of Shareholders on June 5, 2025. The company furnished a shareholder presentation as an exhibit to this filing.
📋 Key Facts
- Annual Meeting of Shareholders was held on June 5, 2025.
- A shareholder presentation was provided in Exhibit 99.1.
- The presentation is being furnished to the SEC but is not considered 'filed' for any purpose.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its first quarter 2025 financial results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- Report date: March 31, 2025
- Filing date: April 30, 2025
- The company issued a press release disclosing Q1 2025 financial results (Exhibit 99.1).
- Ticker: PBHC; Exchange: Nasdaq.
Pathfinder Bancorp, Inc. has entered into a third amendment to its Registration Rights Agreement with Castle Creek Capital Partners VII, L.P. This amendment extends the deadline for filing a resale registration statement from May 8, 2025, to May 8, 2026.
🚩 Red Flags
- Repeated delays in fulfilling registration obligations: This marks the fourth time (original + three amendments) that the timeline for registering securities has been pushed back.
- Potential liquidity or capital structure concerns: Frequent extensions of registration rights agreements can indicate difficulty in executing a timely exit for private placement investors or underlying issues with the company's ability to meet its regulatory filing obligations regarding these securities.
📋 Key Facts
- The Company entered into a Third Amendment to the Registration Rights Agreement on April 26, 2025.
- The agreement is with Castle Creek Capital Partners VII, L.P. regarding securities sold in a May 8, 2019, private placement.
- The amendment extends the deadline for filing a resale registration statement by one year (from May 8, 2025, to May 8, 2026).
- This is the third such extension/amendment to the original agreement.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend declaration of $0.10 per share. The dividend is scheduled to be paid on May 9, 2025.
📋 Key Facts
- Quarterly cash dividend declared: $0.10 per voting common and non-voting common share.
- Dividend for issued warrants: $0.10 per notional share.
- Record date for shareholders: April 18, 2025.
- Payment date: May 9, 2025.
Pathfinder Bancorp, Inc. is reporting a restatement of its Q4 2024 financial results due to the unintentional exclusion of accrued interest on certain brokered certificates of deposit from interest expense.
🚩 Red Flags
- Restatement of previously issued financial statements (Item 2.02).
- Materiality in net income: The $377k discrepancy represents a significant portion of the reported Q4 profit ($4.3M vs $3.9M).
📋 Key Facts
- Q4 2024 Net Interest Income was overstated by approximately $443,000.
- Q4 2024 Net Income was overstated by approximately $377,000.
- Revised Q4 2024 EPS: $0.63 (previously reported as $0.69).
- Revised Full Year 2024 EPS: $0.54 (previously reported as $0.60).
- Full year 2024 Net Interest Margin revised from 3.01% to 2.98%.
- The error stemmed from unrecorded accrued interest related to brokered CDs.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its fourth quarter 2024 financial results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- Report date: January 31, 2025
- Content: Disclosure of Q4 2024 financial results
- Exhibit 99.1 contains the full press release regarding operations and financial condition.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend declaration of $0.10 per share for both common stock and warrants.
📋 Key Facts
- Dividend amount: $0.10 per voting/non-voting common share and $0.10 per notional share for issued warrants.
- Record date: January 17, 2025.
- Payment date: February 7, 2025.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its third quarter 2024 financial results via a press release. The filing is a routine earnings announcement and does not contain material changes to corporate structure or governance.
📋 Key Facts
- The company released its Q3 2024 financial results on October 30, 2024.
- Results are detailed in Exhibit 99.1 (Press Release).
- The filing was signed by James A. Dowd, President and CEO.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend declaration for its common stock and warrants.
📋 Key Facts
- Quarterly cash dividend declared: $0.10 per voting common share.
- Quarterly cash dividend declared: $0.10 per non-voting common share.
- Dividend on issued warrants: $0.10 per notional share.
- Record date for shareholders: October 18, 2024.
- Payment date: November 8, 2024.
Pathfinder Bancorp, Inc. announced the retirement of Ronald Tascarella, Executive Vice President and Chief Banking Officer, effective November 30, 2024. Concurrently, Joseph Serbun has been promoted to Senior Vice President and Chief Credit Officer.
📋 Key Facts
- Ronald Tascarella (EVP and Chief Banking Officer) retiring effective November 30, 2024.
- Joseph Serbun promoted to Senior Vice President and Chief Credit Officer of the Bank.
- Filing date: September 26, 2024; Event date: September 20, 2024.
Pathfinder Bancorp, Inc. entered into a new employment agreement with CEO James A. Dowd and a change in control (CIC) agreement with CFO Justin Bigham. The filings primarily focus on updating compensation structures and severance protections for key executives.
🚩 Red Flags
- Significant potential cash outflows (severance/change in control payouts) triggered by corporate M&A activity.
- The focus on 'Change in Control' agreements often suggests the company is positioning itself for or anticipating an acquisition/merger.
📋 Key Facts
- James A. Dowd (CEO) entered a new 3-year employment agreement effective Sept 4, 2024, with an initial base salary of $415,000.
- The CEO's agreement includes significant severance protections in the event of termination without cause or resignation for 'good reason,' specifically including triple base salary and bonus if occurring within 24 months of a change in control.
- Justin Bigham (CFO) entered into a Change in Control Agreement effective Sept 4, 2024, with terms extending through at least January 1, 2025, with automatic annual renewals.
- The CFO's CIC agreement provides for 24 months of salary and double bonus as severance if terminated without cause within two years following a change in control.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its second quarter 2024 financial results via a press release. This is a routine regulatory filing for publicly traded companies following the end of a fiscal period.
📋 Key Facts
- Report date: July 29, 2024
- Reporting period: Second Quarter 2024
- The company issued a press release (Exhibit 99.1) containing its financial results.
Pathfinder Bancorp, Inc. announced the successful completion of its acquisition of a branch from Berkshire Bank. The transaction involved the assumption of deposit liabilities and the acquisition of loans for its wholly owned subsidiary, Pathfinder Bank.
📋 Key Facts
- Acquisition completed on July 19, 2024, with branch conversion occurring July 20-21, 2024.
- Assumed approximately $186 million in deposit liabilities.
- Acquired approximately $30 million in loans from Berkshire Bank's East Syracuse, NY branch.
- The acquired location began operating as a Pathfinder branch on July 22, 2024.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share for both common stock and issued warrants.
📋 Key Facts
- Dividend amount: $0.10 per voting/non-voting common share and $0.10 per notional share for issued warrants.
- Record date: July 17, 2024.
- Payment date: August 9, 2024.
Pathfinder Bank, a subsidiary of Pathfinder Bancorp, Inc., has received necessary regulatory approvals from the NYSDFS and FDIC to finalize its acquisition of Berkshire Bank's East Syracuse, NY branch.
📋 Key Facts
- Regulatory approval received from New York State Department of Financial Services (NYSDFS).
- Regulatory approval received from the Federal Deposit Insurance Corporation (FDIC).
- Target asset is the East Syracuse, New York branch of Berkshire Bank located at 6611 Manlius Center Road.
- The acquisition involves the banking subsidiary, Pathfinder Bank.
Pathfinder Bancorp, Inc. reported the results of its 2024 Annual Meeting of Shareholders held on June 6, 2024. Shareholders approved all proposals, including director elections, a new equity incentive plan, and the ratification of the company's independent auditor.
📋 Key Facts
- Shareholders approved the Pathfinder Bancorp, Inc. 2024 Equity Incentive Plan on June 6, 2024.
- Three directors were elected to three-year terms: John P. Funiciello, Tony Scavuzzo, and Lloyd Stemple.
- The 'Say-on-Pay' advisory nonbinding resolution regarding executive compensation was approved.
- Bonadio & Company, LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
Pathfinder Bancorp, Inc. held its Annual Meeting of Shareholders on June 6, 2024. The company furnished a shareholder presentation as an exhibit to this filing.
📋 Key Facts
- Annual Meeting of Shareholders was held on June 6, 2024.
- A shareholder presentation was provided in Exhibit 99.1.
- The presentation is being furnished under Item 7.01 and is not considered 'filed' for purposes of liability.
Pathfinder Bancorp, Inc. announced the retirement of its CFO, Walter F. Rusnak, effective June 28, 2024, and the appointment of Justin K. Bigham as his successor. The company also amended a registration rights agreement with Castle Creek Capital Partners VII, L.P., extending the deadline to file a resale registration statement by one year.
🚩 Red Flags
- Repeated delays in filing a resale registration statement (originally due May 2023, then May 2024, now extended to May 2025) suggests potential liquidity or capital structure complexities with Castle Creek Capital Partners VII, L.P.
📋 Key Facts
- Walter F. Rusnak (SVP and CFO) will retire effective June 28, 2024.
- Justin K. Bigham appointed as new SVP and CFO, effective June 28, 2024.
- The company entered into a Retirement and Consulting Agreement with Mr. Rusnak for the period of June 29 to December 31, 2024.
- Consulting fee for the outgoing CFO is $10,750 per month for up to 20 hours/week.
- Second Amendment to Registration Rights Agreement extends the deadline to file a resale registration statement from May 8, 2024, to May 8, 2025.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its first quarter 2024 financial results via a press release. The filing is a standard regulatory requirement for reporting quarterly earnings.
📋 Key Facts
- Report date: April 29, 2024
- Reporting period: First Quarter 2024
- The company released its financial results through Exhibit 99.1.
Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per common share and $0.10 per notional warrant share. The dividend is scheduled to be paid on May 10, 2024.
📋 Key Facts
- Dividend amount: $0.10 per voting/non-voting common share.
- Dividend amount for warrants: $0.10 per notional share.
- Record date: April 19, 2024.
- Payment date: May 10, 2024.
Pathfinder Bancorp, Inc. filed an 8-K to provide supplemental investor materials regarding a recent branch acquisition by its wholly owned subsidiary, Pathfinder Bank.
📋 Key Facts
- The filing pertains to a recent branch acquisition announced by Pathfinder Bank (the Company's banking subsidiary).
- Exhibit 99.1 contains supplemental investor materials dated March 4, 2024.
- The information is furnished under Item 7.01 (Regulation FD Disclosure) and is not considered 'filed' for purposes of Section 18 liability.
Pathfinder Bank, a subsidiary of Pathfinder Bancorp, Inc., has entered into a purchase and assumption agreement to acquire approximately $32 million in loans and one branch location from Berkshire Bank. The transaction includes the assumption of roughly $198 million in deposits and is expected to close by the end of Q3 2024.
🚩 Red Flags
- Assumption of a significant commercial lease liability ($946k annually) associated with the acquired branch.
📋 Key Facts
- Acquisition of ~$32M in loans at 95% of unpaid principal plus accrued interest.
- Assumption of ~$198M in deposits, including a 5.8% premium on non-time (Core) deposits.
- Total deposit premium is approximately 4.0% across all acquired deposits.
- Acquisition includes one branch location and associated personal property/fixtures.
- Pathfinder Bank will assume an existing commercial lease with annual costs of ~$946,000.
- Transaction subject to regulatory approvals; expected close by end of Q3 2024.
Pathfinder Bancorp, Inc. filed an 8-K to disclose its fourth quarter 2023 financial results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- Report date: February 1, 2024
- Subject matter: Disclosure of Q4 2023 financial results
- Exhibit 99.1 contains the detailed press release regarding operations and financial condition.