OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, reported that its third-quarter profit fell 21 percent, driven by increased labor costs.
Pathfinder reported on Friday that net income dipped to $528,000 in the third quarter from $670,000 in the year-ago period. The profit decrease “was principally due to the $300,000 increase in personnel expenses driven, in part, by increased health insurance expenses,” Pathfinder said in the earnings report.
Pathfinder Bank is a New York chartered savings bank headquartered in Oswego. It has eight full-service offices located in its market area of Oswego County and northern Onondaga County.
(Sponsored)
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
Assessing the Likely Tax Impacts of the 2024 Election
President-Elect Donald Trump will return to the White House in 2025 — a year that already was expected to see significant activity on the federal tax front. A projected unified
Contact Rombel at arombel@cnybj.com
