Pathfinder Bancorp, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Pathfinder Bancorp, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
General and administrative	0.33	0.35	0.42	0.43	0.51	0.73	0.69	0.74	0.54	0.48
Interest expense	3.8	6.29	9.04	13.5	10.9	7.53	9.7	28.7
Pre-tax income	4.41	4.35	4.56	5.45	8.34	16	15.7	11.8	5.16	-4.09
Income tax	1.11	0.92	0.55	1.17	2.66	3.5	2.66	2.36	0.33	-2.16
Net income to minority interests	0.03	-0.07	-0.02	0.01	0.1	0.1	0.1	0.13	1.45	0
Net income	3.27	3.49	4.03	4.28	6.95	12.4	12.9	9.29	3.38	-1.93
EPS, basic	0.79	0.86	0.97	0.80	1.17
EPS, diluted	0.78	0.83	0.94	0.80	1.17
Shares, basic (weighted)	4.11	4.08	4.17	4.46	4.61
Shares, diluted (weighted)	4.19	4.19	4.27	4.46	4.61
Dividend per share	0.20	0.22	0.24	0.24	0.24	0.28	0.36	0.36	0.40	0.40

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	22.4	22	26.3	20.2	43.5	37.1	35.3	48.7	31.6	31.2
Property, plant and equipment	15.2	16.1	20.6	22.7	22.3	21.7	17.9	18.4	19	18
Lease right-of-use assets				2.39	2.24	1.53	2.1	1.53	1.39	1.1
Goodwill	4.54	4.54	4.54	4.54	4.54	4.54	4.54	4.54	5.06	5.06
Intangible assets	0.2	0.18	0.17	0.15	0.13	0.12	0.1	0.09	5.99	5.36
Total assets	749	881	933	1,094	1,227	1,285	1,400	1,466	1,475	1,427
Short-term debt	41.9	30.6	39	25.1	4.02	12.5	60.3	126	61	44
Long-term debt	17	43.3	79.5	68	78	64.6	55.7	49.9	27.1	14.1
Total liabilities	691	819	869	1,003	1,130	1,175	1,288	1,346	1,353	1,304
Total debt	17	43.3	79.5	68	78	64.6	55.7	49.9	27.1	14.1
Paid-in capital	27.5	28.2	29.1	49.4	50	51	52.1	53.1	52.8	54.4
Retained earnings	35.6	39	42.1	44.8	50.3	60.9	71.3	76.1	77.8	73.4
Other comprehensive income	-3.82	-4.21	-6.04	-2.97	-2.24	-1.27	-12.2	-9.61	-9.14	-5.37
Shareholders' equity	57.9	61.8	64.2	90.4	97.5	110	111	119	121	122
Minority interests	0.43	0.33	0.24	0.24	0.27	0.35	0.59	0.76	0
Total equity	58.4	62.1	64.5	90.7	97.7	111	112	120	121	122
Total liabilities and equity	749	881	933	1,094	1,227	1,285	1,400	1,466	1,475	1,427
Shares outstanding	4.24	4.28	4.36	4.71	4.53	5.98	4.65	4.72	4.75	4.75

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	3.3	3.42	4.01	4.29	7.05	12.5	13	9.42	4.83	-1.93
Depreciation and amortization	1.02	1.04	1.18	1.52	1.7	1.79	1.07	1.4	1.34	1.38
Deferred income tax	-0.25	-0.1	0.34	-0.02	-0.14	0.48	0.14	-0.37	-0.42	-3.52
Cash from operations	6.37	6.84	8.98	8.12	46.6	20.2	21.7	15.4	11.2	11.7
Capital expenditures	-1.36	-1.98	-5.69	-3.6	-1.26	-1.21	-1.9	-1.97	-2.06	-1.26
Acquisitions	0
Purchases of investments						0	-1.63	-1.6	-0.67	-0.51
Sales and maturities of investments	68.5	38.3	44.6	42.4	98.7	52.2	19.2	20	78	50.7
Cash from investing	-121	-134	-52	-163	-149	-70	-131	-54.8	-22.4	40.4
Debt issued	3.5	33.2	38.2	19.7	40.2	12.5	9.29	6.27	10.7	10.9
Debt repaid	-3	-7	-2	-31.2	-30.2	-26	-18.2	-12	-33.6	-23.9
Stock issued	0.14	0.16	0.39	0.22	0.22	0.55	0.42	0.62	0.29	0.66
Share buybacks	-1.76	0
Dividends paid	-0.87	-0.88	-1.03	-1.09	-1.14	-1.23	-1.57	-1.69	-1.84	-1.91
Cash from financing	122	127	47.4	149	126	43.5	108	52.8	-5.97	-52.5
Net change in cash	7.17	-0.43	4.33	-6.16	23.3	-6.32	-1.87	13.5	-17.2	-0.4
Free cash flow	5.01	4.87	3.29	4.52	45.3	18.9	19.8	13.5	9.15	10.4
Interest paid	3.93	6.18	8.93	13.4	11.1	7.44	1.75	27.5	38.6	32.4
Income taxes paid	0.97	0.95	0.66	0.75	2.65	2.46	3.22	3.16	0.6	0.5

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $17.35 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	0.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	0.0%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-157.1%	Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	4.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-18.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-24.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	13.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-19.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-25.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	3.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	10.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	0.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.3%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-3.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.07x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.6%	Total debt / total assets.
Liabilities / assets	91.6%	Total liabilities / total assets.
Net debt	-$17.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$115.6M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	7,699.0%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	6.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
Payout ratio	1,347.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	17.5%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$85.0M	Share price x shares outstanding.
Enterprise value	$67.3M	Market cap + total debt - cash - short-term investments.
P/E	594x	Market cap / net income. Only when net income is positive.
P/B	0.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.73x	Market cap / tangible book value, when positive.
P/FCF	7.72x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.19x	Market cap / cash from operations, when positive.
EV/FCF	6.11x	Enterprise value / free cash flow, when both are positive.
FCF yield	13.0%	Free cash flow / market cap.
Earnings yield	0.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.3%	Dividends paid over the period / market cap.
Shareholder yield	2.3%	(Dividends paid + share buybacks) / market cap.

Was Pathfinder Bancorp, Inc. profitable in fiscal 2025?

No. It reported a net loss of $1.9M.

How much free cash flow did Pathfinder Bancorp, Inc. generate in fiscal 2025?

Cash from operations of $11.7M minus capital expenditures of $1.3M left free cash flow of $10.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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