CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Pathfinder Bancorp Q3 profit rises on lower credit costs

By Reuters News


Overview

  • U.S. community bank's Q3 net income and EPS rose yr/yr but declined from prior quarter

  • Net interest income grew sequentially but fell from a year earlier

  • Deposits and loans declined as company continued to reduce higher-cost deposit balances


Outlook

  • Company expects to begin funding new commercial real estate loans in Q4 2026

  • Company sees regional economic momentum supported by large semiconductor facility and state investments

  • Company anticipates industry-wide upward pressure on deposit costs but expects to maintain core deposit strength


Result Drivers

  • COMMERCIAL CREDIT RESOLUTION - Co said results were affected by ongoing resolution of previously identified commercial credits, with net charge-offs covered by prior reserves

  • HIGHER LOAN YIELDS - New commercial real estate loan originations at higher rates offset portfolio runoff, supporting net interest income

  • CORE DEPOSIT FOCUS - Co emphasized intentional runoff of higher-cost deposits and maintained core deposit market share


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.32

Q3 Net Interest Margin

3.07%


Reuters Recommended Reads

  • Oct 30 - Peoples Financial Services Q3 net income rises on higher loan volume, yields

  • Oct 30 - Elmer Bancorp's Q3 net income edges up as loans grow

  • Oct 30 - Oak Ridge Financial's Q3 net income rises on increase in net interest income


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.