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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
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

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands, except share and per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net (loss) income attributable to Pathfinder Bancorp, Inc.

 

$

(4,644

)

 

$

2,176

 

 

$

(524

)

 

$

6,757

 

Series A Non-Voting Common Stock dividends

 

 

138

 

 

 

124

 

 

 

414

 

 

 

373

 

Warrant dividends

 

 

12

 

 

 

12

 

 

 

38

 

 

 

34

 

Undistributed earnings allocated to participating securities

 

 

(1,275

)

 

 

395

 

 

 

(579

)

 

 

1,248

 

Net (loss) income available to common shareholders-Voting

 

$

(3,519

)

 

$

1,645

 

 

$

(397

)

 

$

5,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Pathfinder Bancorp, Inc.

 

$

(4,644

)

 

$

2,176

 

 

$

(524

)

 

$

6,757

 

Voting Common Stock dividends

 

 

472

 

 

 

422

 

 

 

1,414

 

 

 

1,256

 

Warrant dividends

 

 

12

 

 

 

12

 

 

 

38

 

 

 

34

 

Undistributed earnings allocated to participating securities

 

 

(4,097

)

 

 

1,257

 

 

 

(1,859

)

 

 

3,950

 

Net (loss) income available to common shareholders-Voting

 

$

(1,031

)

 

$

485

 

 

$

(117

)

 

$

1,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average common shares outstanding-Voting

 

 

4,714

 

 

 

4,671

 

 

 

4,708

 

 

 

4,640

 

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

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

 

 

1,380

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per common share-Voting

 

$

(0.75

)

 

$

0.35

 

 

$

(0.09

)

 

$

1.10

 

Basic and diluted earnings per common share-Series A Non-Voting

 

$

(0.75

)

 

$

0.35

 

 

$

(0.09

)

 

$

1.10