Pathfinder Bancorp Q2 FY26 net income rises 12.5% to $2.7 million

CEO James Dowd said earnings benefited from deploying underutilized liquidity into the AFS portfolio, with Q3 expected to reflect securities purchases made in late May.

Credit costs stayed favorable with a $155,000 provision benefit, while net charge-offs rose to $1.9 million; allowance for credit losses fell to $26.9 million, or 3.03% of loans.

Loans slipped 0.7% from March 31 to $889 million; deposits fell 3.1% to $1.17 billion, while borrowings climbed to $133.4 million as it funded AFS securities purchases.

Pathfinder Bancorp posted Q2 net income attributable to common shareholders of $2.7 million, or $0.42 per diluted share, up from $2.4 million, or $0.38, in Q1.

Net interest income rose 1.9% from Q1 to ; net interest margin edged down to .