Pathfinder Bancorp, Inc. Announces Second Quarter 2024 Net Income of $2.0 Million

Second Quarter 2024 Key Results: The average cost of deposits acquired in the East Syracuse branch acquisition was approximately 1.99% (excluding Core Deposit Intangible), and the Company intends to utilize the additional liquidity to pay down approximately $150 million of borrowings that have an average cost of approximately 5.33% in three months ending June 30, which is expected to benefit total funding costs in the third quarter of 2024. The Company filed Form 8-K on July 22, 2024, and announced that it ...