Pathfinder Bancorp, Inc. Announces Financial Results for the Third Quarter of 2026

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“Third quarter results demonstrate continued execution of our strategy for strengthening our relationship-focused community bank”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“Credit performance continued to reflect the orderly resolution of previously identified commercial credits, with net charge-offs fully covered by specific reserves previously established for those exposures.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“In addition, recent investments in seasoned commercial banking talent have already introduced Pathfinder to growing numbers of proven borrowers and sponsors, providing a new pipeline of commercial real estate loan production that we expect to begin funding in the fourth quarter.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“We also remain encouraged by our region’s economic momentum, with construction well underway for the largest semiconductor manufacturing facility in the United States near two of our existing branches, as well as this month’s announcement that New York State and Micron Technology have started the process of injecting $500 million into Central New York housing, education, workforce development, and community investments through the Green CHIPS Community Investment Fund.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“Our focus on Pathfinder’s valuable core deposit franchise was also evident in the third quarter.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“Even as we facilitate intentional runoff of higher-cost non-relationship accounts, Pathfinder maintained its leading deposit market share position among all local banks serving Oswego and Onondaga counties combined.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“With core deposits representing over 82% of all deposits, and six consecutive quarters of reductions in our average cost of total deposits, Pathfinder is well positioned for a rising rate environment.”

James Dowd, President and Chief Executive Officer of Pathfinder Bancorp

“While we are not immune to the upward pressure the industry is widely expected to see in deposit costs, we believe Pathfinder’s market position, customer relationships, and pricing discipline provide a solid foundation for building on our core deposit base going forward.”