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Earnings per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings per Share

The following table sets forth the calculation of basic and diluted earnings per share.

 

 

 

 

 

 

Three months ended March 31,

 

(In thousands, except share and per share data)

 

2025

 

 

2024

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

2,974

 

 

$

2,120

 

Series A Non-Voting Common Stock dividends

 

 

138

 

 

 

138

 

Warrant dividends

 

 

13

 

 

 

13

 

Undistributed earnings allocated to participating securities

 

 

565

 

 

 

363

 

Net income available to common shareholders - Voting

 

$

2,258

 

 

$

1,606

 

 

 

 

 

 

 

 

Net income attributable to Pathfinder Bancorp, Inc.

 

$

2,974

 

 

$

2,120

 

Voting Common Stock dividends

 

 

476

 

 

 

471

 

Warrant dividends

 

 

13

 

 

 

13

 

Undistributed earnings allocated to participating securities

 

 

1,829

 

 

 

1,165

 

Net income available to common shareholders - Non-Voting

 

$

656

 

 

$

471

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding - Voting

 

 

4,749

 

 

 

4,701

 

Basic and diluted weighted average common shares outstanding - Series A Non-Voting

 

 

1,380

 

 

 

1,380

 

 

 

 

 

 

 

 

Basic earnings per common share-Voting

 

$

0.48

 

 

$

0.34

 

Basic earnings per common share-Series A Non-Voting

 

$

0.48

 

 

$

0.34

 

Diluted earnings per common share-Voting

 

$

0.41

 

 

$

0.34

 

Diluted earnings per common share-Series A Non-Voting

 

$

0.41

 

 

$

0.34