Pathfinder Bancorp Q3 2026 Net Income More Than Triples Year Over Year to $2.07 Million
Bitget2026/11/02 13:16- Pathfinder Bancorp’s third-quarter 2026 net income more than tripled year-over-year to $2.07 million.
- Net interest income fell 8% year-over-year to $10.71 million, partly due to lower average loan balances.
- Credit-loss provision expense dropped 93% year-over-year to $231,000, attributed to quantitative and qualitative allowance adjustments.
- Nonperforming loans declined 15% from the second quarter to $30.26 million.
- Management expects a new commercial real estate loan pipeline to begin funding in the fourth quarter of 2026.
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