Pathfinder Bancorp announces retirement of Chief Banking Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Should l Buy PBHC?
Retirement Announcement: Ronald Tascarella, Executive Vice President and Chief Banking Officer of Pathfinder Bank, will retire on November 30, 2024, after 18 years with the bank.
New Appointment: Joseph Serbun has been appointed as Senior Vice President and Chief Credit Officer, effective immediately, after joining Pathfinder Bank in 2023.
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Analyst Views on PBHC
About PBHC
Pathfinder Bancorp, Inc. is a bank holding company, which operates through its subsidiary, Pathfinder Bank (the Bank). The Bank is primarily engaged in the business of attracting deposits from the public and investing such deposits in loans secured by commercial and residential real estate, and commercial business and consumer assets other than real estate. The Company also invests in mortgage-backed securities issued or guaranteed by the United States government-sponsored enterprises, collateralized mortgage obligations and similar debt securities issued by both government-sponsored entities and private (non-governmental) issuers, and asset-backed securities that are generally issued by private entities. Its loan portfolio includes municipal loans, home equity loans and lines and consumer loans. The Company operates over 12 full-service offices located in its market areas consisting of Oswego and Onondaga County and one limited purpose office in Oneida County.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Stability: Despite the revenue drop, Pathfinder is striving to maintain financial stability, suggesting that measures may be necessary to address ongoing market challenges in the near future.
- Investor Focus: With the earnings report released, investors are keenly interested in Pathfinder's future growth potential and dividend performance, particularly in the current economic climate.
See More
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- Deteriorating Loan Quality: As of December 31, 2025, nonperforming loans totaled $27.6 million, or 3.07% of total loans, up from $23.3 million on September 30, 2025, indicating ongoing challenges in the company's credit risk management.
- Deposit Decline: Total deposits stood at $1.18 billion as of December 31, 2025, down from $1.23 billion on September 30, 2025, primarily due to runoff of higher-cost brokered deposits, reflecting competitive pressures on the deposit base.
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See More
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See More
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- Record Date for Shareholders: The dividend will be paid to shareholders of record as of January 15, 2026, ensuring timely cash inflow which enhances investor confidence and may attract additional investments.
- Other Company Dividends: Pathfinder Bancorp declared a cash dividend of $0.10 per share, scheduled for payment on February 6, 2026, further indicating the financial sector's focus on shareholder value.
- Quarterly Dividend Trends: Mosaic and Ennis also announced quarterly dividends of $0.22 and $0.25 per share respectively, highlighting the overall market's emphasis on stable cash flows, which could attract yield-seeking investors.
See More
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- Shareholder Record Date: The record date for this dividend is set for March 9, 2026, ensuring that shareholders holding stock before this date will receive the dividend, thereby stabilizing the shareholder base.
- Trust Distribution Update: Thornburg Income Builder Opportunities Trust announced a monthly distribution of $0.10417 per share, payable on January 20, 2026, demonstrating the trust's ongoing commitment to shareholder returns.
- Cash Dividend Declaration: Ennis's Board declared a quarterly cash dividend of $0.25 per share, scheduled for payment on February 5, 2026, reflecting the company's proactive strategy in maintaining stable cash flow and shareholder returns.
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- Financial Stability Reflection: This dividend reflects the company's robust financial performance in Q4 2025, demonstrating stable cash flow despite economic and market challenges, which enhances market expectations regarding its future profitability.
- Shareholder Return Strategy: By maintaining consistent cash dividends, Pathfinder Bancorp not only increases shareholder returns but also showcases its commitment to long-term shareholder value, further solidifying its relationship with investors.
- Market Positioning Advantage: As a bank holding company serving Central New York, Pathfinder Bancorp's dividend policy helps attract more investor attention to its competitive edge and service commitment in the local market, promoting its brand image within the community.
See More
