Pathfinder Bancorp reports Q4 net loss on credit provision
Overview
U.S. bank holding company reported Q4 net loss of $7.0 mln due to credit loss provision
Company's Q4 net interest income decreased from previous quarter
Noninterest income impacted by $398,000 adjustment for loans held-for-sale
Outlook
Pathfinder expects more consistent earnings in 2026 due to reduced reserve pressure
Company plans to enhance core deposit franchise through strategic initiatives
Pathfinder aims to strengthen commercial credit quality while maintaining consumer loan health
Result Drivers
CREDIT LOSS PROVISION - Pathfinder's Q4 net loss was driven by an $11.2 mln credit loss provision to build reserves after a comprehensive review of the commercial loan portfolio
LOANS HELD-FOR-SALE - Co transferred $6.3 mln in substandard loans to held-for-sale status, recording a pre-tax loss of $398,000
CREDIT RISK MANAGEMENT - Co implemented systemic changes to enhance credit risk management, including stricter underwriting and enhanced monitoring
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| -$1.12 |
|
Q4 Loan Loss Provision |
| $11.40 mln |
|
Q4 Net Interest Margin |
| 3.09% |
|
Press Release: ID:nGNX5yfPrp
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