Brief: Pathfinder Bancorp Inc Announces Q1 2020 Earnings Per Share of $0.29

Pathfinder Bancorp (MARYLAND)

18/05/2020 23:48

May 18 (Reuters) - Pathfinder Bancorp Inc (MARYLAND)
 PBHC.O :
    * ANNOUNCES FIRST QUARTER 2020 TOTAL NET INCOME OF $1.7
MILLION
IMPROVES 228.8% OVER 2019
    * Q1 EARNINGS PER SHARE $0.29
    * Q1 NET INTEREST INCOME OF $7.8 MILLION INCREASED BY 18.8%,
COMPARED TO $6.5 MILLION FOR Q1 OF 2019
    * TOTAL LOANS OF $750.5 MILLION AT MARCH 31, 2020 UP $92.9
MILLION, OR 14.1%, FROM $657.6 MILLION AT MARCH 31, 2019
    * HAS SUBMITTED TO AND RECEIVED APPROVAL FROM THE SBA FOR
619
LOANS TOTALING APPROXIMATELY $73.5 MILLION
    * Q1 NET INTEREST MARGIN  WAS 3.03%, AN INCREASE OF 11 BASIS
POINTS COMPARED TO Q1 2019
    * PATHFINDER BANCORP-COVID-19 IS EXPECTED TO CONTINUE TO
IMPACT
CO'S FINANCIAL RESULTS, DEMAND FOR ITS SERVICES, PRODUCTS DURING
Q2 2020, POTENTIALLY BEYOND
    * ANTICIPATES NUMBER & AMOUNT OF COVID-19 FINANCIAL HARDSHIP
PAYMENT DEFERRAL REQUESTS WILL INCREASE SIGNIFICANTLY DURING Q2
2020

Source text for Eikon:  ID:nGNX43LSxW 
Further company coverage:  PBHC.O 

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