Pathfinder Bancorp, Inc. (PBHC) · Nov 2, 2026 · Earnings

Pathfinder Bancorp earnings rise year over year as credit cleanup continues

In line — Diluted EPS $0.32 vs $0.42 in Q2 and $0.10 in Q3 2025

Pathfinder Bancorp’s Q3 earnings show better credit quality and lower deposit costs, offset by weaker sequential profit, higher expenses, and more borrowing.

Pathfinder is a small Central New York bank working through legacy commercial-credit problems identified in its 2025 portfolio review while trying to rebuild relationship-based deposits and restart higher-quality commercial lending. Its prior plan already called for lower credit volatility and eventual loan growth after a large reserve build, so this quarter is mainly an execution check rather than a new strategic turn.

Metric	Q3 2026	Q2 2026	Q3 2025
Diluted EPS (Income Statement)	$0.32	$0.42	$0.10
Net income (Income Statement)	$2.1M	$2.7M	$626K
Net interest income (Income Statement)	$10.7M	$10.5M	$11.6M
Net interest margin (Financial Highlights)	3.07%	3.08%	3.34%
Nonperforming loans (Asset Quality)	$30.3M	$35.7M	$23.3M
NPL ratio (Asset Quality)	3.47%	4.02%	2.59%
Net charge-offs (Asset Quality)	$4.3M	$1.9M	$670K
Total deposits (Statement of Financial Condition)	$1.16B	$1.17B	$1.23B
Core deposits / deposits (Deposit Composition)	82.62%	81.89%	78.37%
Efficiency ratio (Financial Highlights)	78.13%	74.26%	68.78%

The credit cleanup is moving in the intended direction. Nonperforming loans fell to $30.3 million from $35.7 million in the second quarter, while the allowance for credit losses declined to $22.7 million from $26.9 million as previously reserved exposures were resolved. The quarter still carried $4.3 million of net charge-offs, but the company said those losses were fully covered by existing specific reserves.

Core banking economics improved sequentially, but not enough to offset operating pressure. Net interest income rose 1.7% from Q2 as the securities portfolio and higher commercial-loan yields helped, while the average cost of total deposits fell to 2.04%. But net interest margin was essentially flat at 3.07%, noninterest expense jumped to $9.4 million, and the efficiency ratio worsened to 78.13%. That leaves the bank making progress on funding costs while spending heavily ahead of the hoped-for commercial-loan recovery. 〔0〕

The balance-sheet transition is healthier in mix but more leveraged in execution. Total deposits continued to shrink because higher-cost time and brokered deposits were allowed to run off, yet core deposits held near $957 million and represented 82.6% of the base. The tradeoff is that borrowings rose to $155.5 million, up $22.2 million sequentially and nearly $99 million year over year, to fund securities purchases. That supports near-term income generation but makes the improvement more dependent on funding costs and rate conditions. 〔1〕

Profitability improved dramatically from the troubled year-ago quarter but slipped from the more recent recovery peak. EPS rose from $0.10 to $0.32 year over year as last year’s heavy provision burden faded, but it fell from $0.42 in Q2. With no dependable published consensus for this thinly covered bank, the fairest benchmark is the company’s own trajectory: credit metrics improved, but the earnings recovery did not progress in a straight line. The quarter therefore lands as mixed rather than a clean beat.

Bottom line: Pathfinder is steadily reducing the legacy credit overhang and improving its deposit mix, but Q3 shows the recovery still comes with higher costs, heavier borrowing, and uneven earnings momentum. The business story advances modestly, not decisively.

What to watch next

Commercial real estate loan funding expected to begin in Q4

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

58% bullish

Bull 58%Neu 27%Bear 15%

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Pathfinder Bancorp earnings rise year over year as credit cleanup continues

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