Pathfinder Bancorp Inc (PBHC) - Net Assets
Based on the latest financial reports, Pathfinder Bancorp Inc (PBHC) has net assets worth $123.58 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($1.30 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PBHC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $123.58 Million |
| % of Total Assets | 8.69% |
| Annual Growth Rate | 6.16% |
| 5-Year Change | 9.34% |
| 10-Year Change | 108.82% |
| Growth Volatility | 16.81 |
Pathfinder Bancorp Inc - Net Assets Trend (1996–2025)
This chart illustrates how Pathfinder Bancorp Inc's net assets have evolved over time, based on quarterly financial data. See PBHC days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pathfinder Bancorp Inc (1996–2025)
The table below shows the annual net assets of Pathfinder Bancorp Inc from 1996 to 2025. For live valuation and market cap data, see PBHC market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $120.97 Million | -0.42% |
| 2024-12-31 | $121.48 Million | +1.02% |
| 2023-12-31 | $120.26 Million | +7.77% |
| 2022-12-31 | $111.58 Million | +0.86% |
| 2021-12-31 | $110.63 Million | +13.21% |
| 2020-12-31 | $97.72 Million | +7.78% |
| 2019-12-31 | $90.67 Million | +40.66% |
| 2018-12-31 | $64.46 Million | +4.43% |
| 2017-12-31 | $61.72 Million | +6.55% |
| 2016-12-31 | $57.93 Million | -18.19% |
| 2015-12-31 | $70.81 Million | +2.93% |
| 2014-12-31 | $68.79 Million | +61.06% |
| 2013-12-31 | $42.71 Million | +4.82% |
| 2012-12-31 | $40.75 Million | +7.68% |
| 2011-12-31 | $37.84 Million | +23.70% |
| 2010-12-31 | $30.59 Million | +4.63% |
| 2009-12-31 | $29.24 Million | +49.98% |
| 2008-12-31 | $19.50 Million | -10.18% |
| 2007-12-31 | $21.70 Million | +4.10% |
| 2006-12-31 | $20.85 Million | -0.37% |
| 2005-12-31 | $20.93 Million | -4.11% |
| 2004-12-31 | $21.83 Million | +0.19% |
| 2003-12-31 | $21.78 Million | -6.22% |
| 2002-12-31 | $23.23 Million | +5.42% |
| 2001-12-31 | $22.04 Million | +7.73% |
| 2000-12-31 | $20.45 Million | +1.77% |
| 1999-12-31 | $20.10 Million | -10.27% |
| 1998-12-31 | $22.40 Million | -4.89% |
| 1997-12-31 | $23.55 Million | +10.11% |
| 1996-12-31 | $21.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pathfinder Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 355.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $71.88 Million | 59.42% |
| Common Stock | $62.00K | 0.05% |
| Other Comprehensive Income | $-5.37 Million | -4.44% |
| Other Components | $54.39 Million | 44.96% |
| Total Equity | $120.97 Million | 100.00% |
Pathfinder Bancorp Inc Competitors by Market Cap
The table below lists competitors of Pathfinder Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solitario Exploration & Royalty Corp
NYSE MKT:XPL
|
$77.25 Million |
|
Rangdong Light source and Vacuum flask JSC
VN:RAL
|
$77.30 Million |
|
Quality Construction Products Public Company Limited
BK:Q-CON
|
$77.30 Million |
|
LeonaBio, Inc.
NASDAQ:LONA
|
$77.31 Million |
|
United Radiant Technology
TWO:5315
|
$77.23 Million |
|
Thac Ba Hydropower JSC
VN:TBC
|
$77.20 Million |
|
Starry Sea Acquisition Corp Ordinary Shares
NASDAQ:SSEA
|
$77.20 Million |
|
Tacheng Real Estate Co Ltd
TWO:6171
|
$77.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pathfinder Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 121,483,000 to 120,967,000, a change of -516,000 (-0.4%).
- Net loss of 3,417,000 reduced equity.
- Dividend payments of 2,460,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,777,000.
- Other factors increased equity by 1,584,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.42 Million | -2.82% |
| Dividends Paid | $2.46 Million | -2.03% |
| Other Comprehensive Income | $3.78 Million | +3.12% |
| Other Changes | $1.58 Million | +1.31% |
| Total Change | $- | -0.42% |
Book Value vs Market Value Analysis
This analysis compares Pathfinder Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.17x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $3.06 | $15.84 | x |
| 1997-12-31 | $3.32 | $15.84 | x |
| 1998-12-31 | $4.74 | $15.84 | x |
| 1999-12-31 | $4.59 | $15.84 | x |
| 2000-12-31 | $5.01 | $15.84 | x |
| 2001-12-31 | $5.21 | $15.84 | x |
| 2002-12-31 | $5.37 | $15.84 | x |
| 2003-12-31 | $5.36 | $15.84 | x |
| 2004-12-31 | $5.38 | $15.84 | x |
| 2005-12-31 | $5.23 | $15.84 | x |
| 2006-12-31 | $5.05 | $15.84 | x |
| 2007-12-31 | $5.28 | $15.84 | x |
| 2008-12-31 | $4.76 | $15.84 | x |
| 2009-12-31 | $7.14 | $15.84 | x |
| 2010-12-31 | $7.46 | $15.84 | x |
| 2011-12-31 | $9.06 | $15.84 | x |
| 2012-12-31 | $9.83 | $15.84 | x |
| 2013-12-31 | $10.25 | $15.84 | x |
| 2014-12-31 | $16.38 | $15.84 | x |
| 2015-12-31 | $16.89 | $15.84 | x |
| 2016-12-31 | $13.83 | $15.84 | x |
| 2017-12-31 | $14.73 | $15.84 | x |
| 2018-12-31 | $15.05 | $15.84 | x |
| 2019-12-31 | $20.26 | $15.84 | x |
| 2020-12-31 | $21.51 | $15.84 | x |
| 2021-12-31 | $24.63 | $15.84 | x |
| 2022-12-31 | $24.35 | $15.84 | x |
| 2023-12-31 | $25.68 | $15.84 | x |
| 2024-12-31 | $19.93 | $15.84 | x |
| 2025-12-31 | $19.05 | $15.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pathfinder Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.32%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 11.78x
- Recent ROE (-2.82%) is below the historical average (5.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 5.95% | 15.84% | 0.04x | 8.88x | $-867.25K |
| 1997 | 7.86% | 21.75% | 0.04x | 8.34x | $-503.91K |
| 1998 | 5.38% | 7.64% | 0.08x | 9.12x | $-1.03 Million |
| 1999 | 4.63% | 5.84% | 0.07x | 10.76x | $-1.08 Million |
| 2000 | 1.70% | 2.09% | 0.07x | 11.06x | $-1.74 Million |
| 2001 | 7.22% | 8.80% | 0.07x | 11.02x | $-615.98K |
| 2002 | 4.98% | 6.46% | 0.06x | 12.01x | $-1.17 Million |
| 2003 | 7.58% | 9.23% | 0.06x | 12.76x | $-526.82K |
| 2004 | 6.44% | 8.02% | 0.06x | 13.84x | $-777.60K |
| 2005 | 2.21% | 2.70% | 0.06x | 14.19x | $-1.63 Million |
| 2006 | 4.93% | 5.56% | 0.06x | 14.45x | $-1.06 Million |
| 2007 | 5.17% | 5.51% | 0.06x | 14.78x | $-1.05 Million |
| 2008 | 1.89% | 1.74% | 0.06x | 18.09x | $-1.58 Million |
| 2009 | 5.52% | 7.80% | 0.06x | 12.71x | $-1.31 Million |
| 2010 | 8.19% | 11.84% | 0.05x | 13.35x | $-554.20K |
| 2011 | 6.14% | 10.66% | 0.05x | 11.71x | $-1.46 Million |
| 2012 | 6.50% | 12.13% | 0.05x | 11.73x | $-1.43 Million |
| 2013 | 5.63% | 10.79% | 0.04x | 11.80x | $-1.87 Million |
| 2014 | 3.99% | 11.70% | 0.04x | 8.16x | $-4.13 Million |
| 2015 | 4.08% | 11.29% | 0.04x | 8.80x | $-4.19 Million |
| 2016 | 5.65% | 11.57% | 0.04x | 12.93x | $-2.52 Million |
| 2017 | 5.66% | 10.72% | 0.04x | 14.28x | $-2.68 Million |
| 2018 | 6.28% | 10.67% | 0.04x | 14.53x | $-2.39 Million |
| 2019 | 4.73% | 9.32% | 0.04x | 12.10x | $-4.77 Million |
| 2020 | 7.13% | 14.40% | 0.04x | 12.60x | $-2.80 Million |
| 2021 | 11.25% | 24.31% | 0.04x | 11.65x | $1.38 Million |
| 2022 | 11.65% | 22.95% | 0.04x | 12.62x | $1.83 Million |
| 2023 | 7.78% | 12.94% | 0.05x | 12.27x | $-2.66 Million |
| 2024 | 2.78% | 4.05% | 0.06x | 12.14x | $-8.77 Million |
| 2025 | -2.82% | -4.32% | 0.06x | 11.78x | $-15.51 Million |
Industry Comparison
This section compares Pathfinder Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $389,399,400
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pathfinder Bancorp Inc (PBHC) | $123.58 Million | 5.95% | 10.51x | $77.24 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $68.20 Million | 10.85% | 9.15x | $5.79 Billion |
| ACNB Corporation (ACNB) | $51.46 Million | 12.55% | 7.93x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $137.13 Million |
| Alerus Financial Corp (ALRS) | $127.25 Million | 8.42% | 8.09x | $736.27 Million |
| Amalgamated Bank (AMAL) | $508.95 Million | 16.01% | 14.41x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $974.56 Million |
| Arrow Financial Corporation (AROW) | $431.85 Million | 10.18% | 9.29x | $622.98 Million |
| Associated Banc-Corp (ASB) | $968.70 Million | 17.34% | 12.55x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $141.70 Million | 14.89% | 15.78x | $62.43 Million |
About Pathfinder Bancorp Inc
Pathfinder Bancorp, Inc. operates as a bank holding company for Pathfinder Bank that provides various banking and financial products and services in the United States. The company's deposit products include checking, savings, and money market deposit accounts; certificates of deposit; and demand and time deposits. Its loan portfolio comprises commercial real estate, commercial loans, residential … Read more