Pathfinder Bancorp (PBHC) Reports Q2 EPS of $0.20

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Pathfinder Bancorp Second Quarter 2016 Net Income up 26% to $832,000

July 29, 2016 1:43 PM EDT

OSWEGO, NY -- (Marketwired) -- 07/29/16 -- Pathfinder Bancorp, Inc. ("Company") (NASDAQ: PBHC), the holding company for Pathfinder Bank ("Bank"), announced second quarter 2016 net income available to common shareholders of $832,000, an increase of 25.9% compared to net income of $661,000 for the second quarter of 2015. Second quarter 2016 earnings per diluted share were $0.20, an increase of 25.0% compared to $0.16 per diluted share earned in the prior year period. The Company's second quarter 2016 revenue (net interest income and total noninterest income) increased $388,000, or 6.9%, to $6.0 million, compared to $5.6 million for second quarter 2015. Total revenue for the six months ended June 30, 2016 increased... More