A Business at a Glance
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Pathfinder Bancorp, Inc.
PBHC
$75M
Mkt Cap
$15.90
-0.42%
Pathfinder Bancorp, Inc. (PBHC) has a current P/E ratio of 8.3, compared to its historical median P/E of 13.1. The stock is currently considered Fair based on its historical valuation range.
Pathfinder Bancorp, Inc. (PBHC) has a 5-year average return on invested capital (ROIC) of 4.2%. This is below average and may indicate limited pricing power.
Pathfinder Bancorp, Inc. (PBHC) has a market capitalization of $75M. It is classified as a small-cap stock.
Yes, Pathfinder Bancorp, Inc. (PBHC) pays a dividend with a trailing twelve-month yield of 2.53%.
Based on historical P/E analysis, Pathfinder Bancorp, Inc. (PBHC) appears fair. The current P/E of 8.3 is 37% below its historical median of 13.1. The estimated fair value CAGR (P/E method) is 7.7%.
Pathfinder Bancorp, Inc. (PBHC) operates in the State Commercial Banks industry, within the Financials sector.
Pathfinder Bancorp, Inc. (PBHC) reported annual revenue of $79 million in its most recent fiscal year, based on SEC EDGAR filings.
Pathfinder Bancorp, Inc. Pathfinder Bancorp, Inc. (the "Company") is a Maryland corporation incorporated in 2014 and headquartered in Oswego, New York. The primary business of the Company is its investment in Pathfinder Bank (the "Bank") which is 100% owned by the Company. The Company is a registered bank holding company subject to supervision and regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). The Company is also subject to supervision and regulation by the New York State Department of Financial Services (the “NYSDFS”). The Company owns a non-consolidated Delaware statutory trust subsidiary, Pathfinder Statutory Trust II, of which 100% of the common equity is owned by the Company. Pathfinder Statutory Trust II was formed in connection with the issuance of $5.2 million in trust preferred securities.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | % of Total |
|---|---|---|---|---|---|---|
Service Fees, Fee Income, Card Income and Mortgage Fee Income and Realized Gain on Sale of Loans and Foreclosed Real Estate | $5M | $5M | $5M | $5M | $5M | 31% |
Fee Income | $2M | $2M | $2M | $2M | $2M | 13% |
Other Charges, Commissions & Fees | $1M | $1M | $2M | $1M | $1M | 9% |
Service Fees | $1M | $1M | $1M | $1M | $1M | 9% |
Insurance Agency | — | $1M | $1M | $1M | $1M | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 79M | 79M | 88M | 73M | 57M | 52M |
| Net Income | -1.9M | -1.9M | 3.4M | 9.3M | 13M | 12M |
| EPS | $-0.41 | $-0.41 | $0.71 | $1.97 | $2.78 | $2.07 |
| Free Cash Flow | 10M | 10M | 9.1M | 13M | 20M | 19M |
| ROIC | -0.4% | -1.4% | 2.1% | 5.5% | 7.6% | 7.1% |
| Gross Margin | 0.0% | 0.0% | - | - | - | - |
| Debt/Equity | 5.70 | 5.70 | 0.72 | 1.47 | 1.05 | 0.70 |
| Dividends/Share | $0.40 | $0.40 | $0.40 | $0.36 | $0.36 | $0.28 |
| Operating Income | -4.1M | -4.1M | 5.2M | 12M | 16M | 16M |
| Operating Margin | -5.2% | -5.2% | 5.9% | 16.2% | 27.5% | 30.8% |
| ROE | -1.6% | -1.6% | 2.8% | 8.1% | 11.7% | 11.9% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 6M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 23M | 26M | 28M | 33M | 39M | 47M | 49M | 52M | 57M | 73M | 88M | 79M | 79M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 16M | 18M | 19M | 21M | 24M | 26M | 25M | 27M | 29M | 29M | 34M | 35M | 35M |
| EBIT | 4.0M | 4.0M | 4.4M | 4.3M | 4.6M | 5.5M | 8.3M | 16M | 16M | 12M | 5.2M | -4.1M | -4.1M |
| Op. Margin | 16.9% | 15.6% | 15.6% | 13.0% | 11.8% | 11.7% | 17.0% | 30.8% | 27.5% | 16.2% | 5.9% | -5.2% | -5.2% |
| Net Income | 2.6M | 2.8M | 3.3M | 3.5M | 4.0M | 3.6M | 5.4M | 12M | 13M | 9.3M | 3.4M | -1.9M | -1.9M |
| Net Margin | 11.3% | 10.8% | 11.5% | 10.4% | 10.4% | 7.7% | 11.0% | 23.8% | 22.7% | 12.8% | 3.8% | -2.4% | -2.4% |
| Non-Recurring | 0 | 422K | 594K | 489K | 8K | 329K | 1.1M | 201K | 510K | 0 | 3.2M | 78K | 78K |
| Returns on Capital | |||||||||||||
| ROIC | 4.3% | 3.3% | 4.0% | 3.9% | 3.2% | 2.4% | 3.2% | 7.1% | 7.6% | 5.5% | 2.1% | -1.4% | -0.4% |
| ROE | 4.8% | 4.0% | 5.1% | 5.8% | 6.4% | 4.6% | 5.8% | 11.9% | 11.7% | 8.1% | 2.8% | -1.6% | -1.6% |
| ROA | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.5% | 1.0% | 1.0% | 0.6% | 0.2% | -0.1% | -0.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 5.0M | 6.3M | 6.4M | 6.8M | 9.0M | 8.1M | 47M | 20M | 22M | 15M | 11M | 12M | 12M |
| Free Cash Flow | 2.7M | 3.7M | 5.0M | 4.9M | 3.3M | 4.5M | 45M | 19M | 20M | 13M | 9.1M | 10M | 10M |
| Owner Earnings | 4.1M | 5.2M | 5.1M | 5.4M | 7.4M | 6.3M | 45M | 18M | 20M | 14M | 9.6M | 8.7M | 8.7M |
| CapEx | 2.4M | 2.6M | 1.4M | 2.0M | 5.7M | 3.6M | 1.3M | 1.2M | 1.9M | 2.0M | 2.1M | 1.3M | 1.3M |
| Maint. CapEx | 817K | 1.0M | 1.0M | 1.1M | 1.2M | 1.5M | 1.7M | 1.8M | 1.1M | 1.4M | 1.6M | 2.0M | 2.0M |
| Growth CapEx | 1.5M | 1.6M | 327K | 924K | 4.5M | 2.1M | 0 | 0 | 815K | 553K | 460K | 0 | 0 |
| D&A | 817K | 1.0M | 1.0M | 1.1M | 1.2M | 1.5M | 1.7M | 1.8M | 1.1M | 1.4M | 1.6M | 2.0M | 2.0M |
| CapEx/OCF | 47.0% | 41.7% | 21.4% | 28.9% | 63.4% | 44.3% | 2.7% | 6.0% | 8.7% | 12.7% | 18.4% | N/A | 10.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 316K | 609K | 866K | 884K | 1.0M | 1.1M | 1.1M | 1.2M | 1.6M | 1.7M | 1.8M | 1.9M | 1.9M |
| Dividend Yield | 1.0% | 1.6% | 2.1% | 1.7% | 1.8% | 2.0% | 2.5% | 1.5% | 1.9% | 2.5% | 2.8% | N/A | 2.5% |
| Share Buybacks | 1.1M | 0 | 1.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 3.2% | N/A | 3.8% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 84K | 85K | 264K | 345K | 398K | 291K | 300K | 241K | 156K | 92K | 35K | 985K | 985K |
| Debt Repayment | 5.9M | 13M | 3.0M | 7.0M | 2.0M | 31M | 30M | 26M | 18M | 12M | 34M | 24M | 24M |
| Balance Sheet | |||||||||||||
| Net Debt | 55M | 26M | 37M | -119M | -85M | -38M | -89M | -150M | -111M | -132M | -213M | 390M | 667M |
| Cash & Equiv. | 11M | 15M | 22M | 22M | 26M | 20M | 43M | 37M | 35M | 49M | 32M | 31M | 31M |
| Long-Term Debt | 11M | 17M | 17M | 43M | 80M | 68M | 78M | 65M | 56M | 50M | 27M | 14M | 14M |
| Debt/Equity | 0.96 | 0.58 | 1.02 | 1.20 | 1.85 | 1.03 | 0.84 | 0.70 | 1.05 | 1.47 | 0.72 | 5.70 | 5.70 |
| Interest Coverage | 2.5 | 2.4 | 2.1 | 1.7 | 1.5 | 1.4 | 1.8 | 3.1 | 2.6 | 1.5 | 1.1 | 0.0 | 0.0 |
| Equity | 69M | 71M | 58M | 62M | 64M | 90M | 97M | 110M | 111M | 119M | 121M | 122M | 122M |
| Total Assets | 561M | 623M | 749M | 881M | 933M | 1.1B | 1.2B | 1.3B | 1.4B | 1.5B | 1.5B | 1.4B | 1.4B |
| Total Liabilities | 492M | 552M | 691M | 819M | 869M | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B | 1.4B | 1.3B | 1.3B |
| Intangibles | 175K | 214K | 198K | 182K | 165K | 149K | 133K | 117K | 101K | 85K | 6.0M | 5.4M | 5.4M |
| Retained Earnings | 31M | 33M | 36M | 39M | 42M | 45M | 50M | 61M | 71M | 76M | 78M | 73M | 73M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | 0.63 | 0.66 | 0.78 | 0.83 | 0.94 | 0.80 | 1.17 | 2.07 | 2.78 | 1.97 | 0.71 | -0.41 | -0.41 |
| Owner EPS | 0.98 | 1.25 | 1.22 | 1.29 | 1.72 | 1.41 | 9.64 | 3.03 | 4.41 | 2.95 | 2.02 | 1.84 | 1.84 |
| Book Value | 16.35 | 16.94 | 13.88 | 14.70 | 14.98 | 20.22 | 21.10 | 18.43 | 23.86 | 25.32 | 25.60 | 25.80 | 25.80 |
| Cash Flow/Share | 1.20 | 1.51 | 1.53 | 1.63 | 2.09 | 1.82 | 10.08 | 3.37 | 4.67 | 3.27 | 2.36 | 2.46 | 0.00 |
| Dividends/Share | 0.08 | 0.16 | 0.20 | 0.22 | 0.24 | 0.24 | 0.24 | 0.28 | 0.36 | 0.36 | 0.40 | 0.40 | 0.40 |
| Shares Out. | 4.2M | 4.2M | 4.2M | 4.2M | 4.3M | 4.5M | 4.6M | 6.0M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M |
| Valuation | |||||||||||||
| P/E Ratio | 12.5 | 15.9 | 14.3 | 15.5 | 13.1 | 15.1 | 8.7 | 7.5 | 8.2 | 8.7 | 30.8 | N/A | -39.0 |
| P/FCF | 12.4 | 11.9 | 9.3 | 11.1 | 16.1 | 12.0 | 1.0 | 4.8 | 4.1 | 4.6 | 8.8 | N/A | 7.2 |
| EV/EBIT | 13.7 | 10.8 | 10.2 | 9.9 | 10.6 | 7.0 | 5.2 | 5.6 | 7.4 | 6.0 | 4.7 | N/A | N/A |
| Price/Book | 0.5 | 0.6 | 0.8 | 0.9 | 0.8 | 0.6 | 0.6 | 0.8 | 1.0 | 0.7 | 0.9 | N/A | 0.6 |
| Price/Sales | 1.5 | 1.6 | 1.7 | 1.9 | 1.9 | 1.6 | 1.5 | 1.9 | 2.3 | 2.0 | 1.7 | N/A | 1.0 |
| FCF Yield | 8.0% | 8.4% | 10.8% | 9.0% | 6.2% | 8.4% | 75.3% | 20.5% | 18.8% | 16.6% | 8.8% | N/A | 13.8% |
| Market Cap | 33M | 44M | 46M | 54M | 53M | 54M | 60M | 92M | 106M | 81M | 104M | 0 | 75M |
| Avg. Price | 7.25 | 8.89 | 9.84 | 12.52 | 13.00 | 11.96 | 9.67 | 13.72 | 17.52 | 14.08 | 13.83 | 0.00 | 15.90 |
| Year-End Price | 7.88 | 10.46 | 11.13 | 12.84 | 12.32 | 12.10 | 10.06 | 15.33 | 17.32 | 13.19 | 16.98 | 0.00 | 15.90 |
Pathfinder Bancorp, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Pathfinder Bancorp, Inc. trades at 8.3x trailing earnings, compared to its 15-year median P/E of 13.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.5x vs a median of 8.8x. The company's 5-year average ROIC is 4.2%. Total shareholder yield (dividends) is 2.5%. At current prices, the estimated annualized return to fair value is +1.8%.
Pathfinder Bancorp, Inc. (PBHC) has a net profit margin of -2.4%. The company is currently unprofitable.
Pathfinder Bancorp, Inc. (PBHC) generated $10 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Pathfinder Bancorp, Inc. (PBHC) has a debt-to-equity ratio of 5.70. This indicates higher leverage, which may increase financial risk.
Pathfinder Bancorp, Inc. (PBHC) reported earnings per share (EPS) of $-0.41 in its most recent fiscal year.
Pathfinder Bancorp, Inc. (PBHC) has a return on equity (ROE) of -1.6%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 13 years of financial data for Pathfinder Bancorp, Inc. (PBHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Pathfinder Bancorp, Inc. (PBHC) has a book value per share of $25.80, based on its most recent annual SEC filing.
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