Pathfinder Bancorp, Inc. (PBHC) Balance Sheet
PBHC balance sheet, 2025
December 31, 2025 · U.S. dollars$1.43B assets = $1.30B liabilities + $121.0M equity
Both columns are drawn to the same scale: what PBHC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PBHC financial health
Descriptive bands, not a rating. Fiscal 2025.
PBHC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $749.0M2016 | $1.43B2025 | +7.4%/yr | |
| Total liabilities | $691.1M2016 | $1.30B2025 | +7.3%/yr | |
| Shareholders’ equity | $57.9M2016 | $121.0M2025 | +8.5%/yr | |
| Cash & short-term investments | $164.4M2016 | $288.3M2025 | +6.4%/yr | |
| Total debt | $74.0M2016 | $107.2M2025 | +4.2%/yr | |
| Net cash (debt) | $90.4M2016 | $181.1M2025 | +$90.7M | |
| Working capital | −$486.1M2016 | $1.12B2025 | +$1.6B | |
| Book value per share | $13.832016 | $19.052025 | +3.6%/yr | |
| Debt / equity | 1.282016 | 0.892025 | −0.39 | |
| Shares outstanding | 4.2M2016 | 6.3M2025 | +4.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PBHC assets
PBHC liabilities and equity
PBHC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PBHC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $288.3M | $300.9M | $307.4M | $227.0M | $227.7M | $171.7M | $131.3M | $204.0M | $193.1M | $164.4M |
| Cash & equivalents | $11.5M | $31.6M | $48.7M | $35.3M | $37.1M | $43.5M | $20.2M | $26.3M | $22.0M | $22.4M |
| Short-term investments | $276.8M | $269.3M | $258.7M | $191.7M | $190.6M | $128.3M | $111.1M | $177.7M | $171.1M | $142.0M |
| Receivables | $873.6M | $6.9M | $7.3M | $6.2M | $4.5M | $4.5M | $3.7M | $3.1M | $3.0M | $2.5M |
| Inventory | $0 | $0 | −$683.0M | $837.7M | −$41.7M | −$48.0M | −$24.0M | $1.2M | $468,000 | $597,000 |
| Other current assets | $0 | $0 | $683.0M | $0 | $41.7M | $48.0M | $24.0M | $0 | $0 | $0 |
| Total current assets | $1.16B | $307.8M | $314.7M | $233.2M | $232.3M | $176.3M | $135.0M | $207.0M | $196.2M | $166.9M |
| Property, plant & equipment (net) | $35.0M | $37.1M | $24.0M | $24.2M | $23.8M | $24.5M | $25.1M | $20.6M | $16.1M | $15.2M |
| Goodwill & intangible assets | $10.4M | $11.0M | $4.6M | $4.6M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M | $4.7M |
| Long-term investments | $413.2M | $432.1M | $441.2M | $388.0M | $352.2M | $301.3M | $234.7M | $232.0M | $237.3M | $196.6M |
| Other non-current assets | $0 | $686.9M | $681.2M | $750.5M | $672.3M | $720.9M | $694.4M | $468.7M | $426.9M | $365.6M |
| Total assets | $1.43B | $1.47B | $1.47B | $1.40B | $1.29B | $1.23B | $1.09B | $933.1M | $881.3M | $749.0M |
| Liabilities | ||||||||||
| Accounts payable | $424,000 | $546,000 | $2.2M | $975,000 | $106,000 | $193,000 | $396,000 | $304,000 | $186,000 | $75,000 |
| Short-term debt | $44.0M | $61.0M | $125.7M | $60.3M | $12.5M | $4.0M | $25.1M | $39.0M | $30.6M | $41.9M |
| Deferred revenue | — | — | −$2.2M | — | — | — | — | −$363.7M | −$424.1M | −$75.4M |
| Total current liabilities | $44.0M | $1.27B | $1.25B | $1.19B | $1.07B | $1.00B | $907.4M | $766.4M | $754.4M | $653.0M |
| Long-term debt | $44.2M | $57.2M | $79.8M | $85.4M | $94.2M | $117.4M | $15.1M | $15.1M | $15.1M | $15.0M |
| Lease obligations | $17.7M | $18.3M | $6.1M | $6.8M | $2.4M | $2.5M | $2.6M | — | — | — |
| Other long-term liabilities | $1.22B | $30.1M | $17.7M | $16.2M | $12.4M | $12.2M | $80.6M | $87.2M | $49.7M | $22.6M |
| Total liabilities | $1.30B | $1.35B | $1.35B | $1.29B | $1.17B | $1.13B | $1.00B | $868.7M | $819.5M | $691.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $62,000 | $61,000 | $61,000 | $61,000 | $60,000 | $45,000 | $47,000 | $44,000 | $43,000 | $43,000 |
| Retained earnings (deficit) | $71.9M | $77.8M | $76.1M | $71.3M | $60.9M | $50.3M | $44.8M | $42.1M | $39.0M | $35.6M |
| Treasury stock | — | — | — | — | — | — | — | — | −$1.2M | −$1.4M |
| Accumulated other comprehensive income | −$5.4M | −$9.1M | −$9.6M | −$12.2M | −$1.3M | −$2.2M | −$3.0M | −$6.0M | −$4.2M | −$3.8M |
| Minority interest | — | $0 | $761,000 | $585,000 | — | — | — | — | — | — |
| Total shareholders' equity | $121.0M | $121.5M | $119.5M | $111.0M | $110.3M | $97.5M | $90.4M | $64.2M | $61.7M | $57.9M |
| Key figures | ||||||||||
| Total debt | $107.2M | $136.5M | $211.6M | $152.6M | $109.7M | $124.0M | $110.9M | $133.6M | $88.9M | $74.0M |
| Net cash (debt) | $181.1M | $164.4M | $95.8M | $74.4M | $118.0M | $47.8M | $20.4M | $70.4M | $104.2M | $90.4M |
| Working capital | $1.12B | −$958.3M | −$933.3M | −$953.6M | −$835.7M | −$823.8M | −$772.4M | −$559.3M | −$558.2M | −$486.1M |
| Tangible book value | $110.5M | $110.4M | $114.9M | $106.4M | $105.6M | $92.8M | $85.7M | $59.5M | $57.0M | $53.2M |
| Book value per share | $19.05 | $19.93 | $25.68 | $24.35 | $24.63 | $21.51 | $20.26 | $15.05 | $14.73 | $13.83 |
| Shares outstanding | 6.3M | 6.1M | 4.7M | 4.6M | 4.5M | 4.5M | 4.5M | 4.3M | 4.2M | 4.2M |
| Current ratio | 26.41 | 0.24 | 0.25 | 0.20 | 0.22 | 0.18 | 0.15 | 0.27 | 0.26 | 0.26 |
| Quick ratio | 26.41 | 0.24 | 0.25 | 0.20 | 0.22 | 0.18 | 0.15 | 0.27 | 0.26 | 0.26 |
| Debt / equity | 0.89 | 1.12 | 1.77 | 1.37 | 0.99 | 1.27 | 1.23 | 2.08 | 1.44 | 1.28 |
| Equity / assets | 8.5% | 8.2% | 8.2% | 7.9% | 8.6% | 7.9% | 8.3% | 6.9% | 7.0% | 7.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $377.5M | $286.9M | $288.3M | $335.0M | $332.4M | $335.5M | $300.9M | $307.3M | $306.8M | $308.2M | $307.4M | $231.3M |
| Cash & equivalents | $11.4M | $13.9M | $11.5M | $40.6M | $31.5M | $51.5M | $31.6M | $35.3M | $31.8M | $29.2M | $48.7M | $24.5M |
| Short-term investments | $366.1M | $273.0M | $276.8M | $294.5M | $301.0M | $284.1M | $269.3M | $272.0M | $275.0M | $279.0M | $258.7M | $206.8M |
| Receivables | $6.5M | $5.8M | $873.6M | $6.5M | $6.9M | $6.7M | $6.9M | $6.8M | $7.1M | $7.2M | $7.3M | $6.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$42.1M | −$1.31B | −$1.17B | −$410.7M | −$921.2M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42.1M | $1.31B | $1.17B | $410.7M | $921.2M |
| Total current assets | $17.9M | $19.7M | $1.16B | $341.5M | $339.3M | $342.3M | $307.8M | $314.1M | $313.9M | $315.4M | $314.7M | $237.9M |
| Property, plant & equipment (net) | $34.2M | $34.6M | $36.3M | $36.0M | $36.4M | $37.1M | $37.1M | $37.3M | $24.3M | $23.9M | $24.0M | $24.2M |
| Goodwill & intangible assets | $10.1M | $10.3M | $10.4M | $10.6M | $10.7M | $10.9M | $11.0M | $12.0M | $4.6M | $4.6M | $4.6M | $4.6M |
| Long-term investments | $483.7M | $401.6M | $413.2M | $442.3M | $463.7M | $444.2M | $432.1M | $437.2M | $445.0M | $455.0M | $441.2M | $395.4M |
| Other non-current assets | $946.3M | $955.7M | $0 | $641.9M | $654.9M | $661.0M | $686.9M | $682.5M | $658.3M | $654.8M | $681.2M | $738.5M |
| Total assets | $1.49B | $1.42B | $1.43B | $1.47B | $1.51B | $1.50B | $1.47B | $1.48B | $1.45B | $1.45B | $1.47B | $1.40B |
| Liabilities | ||||||||||||
| Accounts payable | $469,000 | $451,000 | $424,000 | $1.1M | $813,000 | $844,000 | $546,000 | $236,000 | $2.1M | $2.0M | $2.2M | $1.7M |
| Short-term debt | $125.0M | $15.1M | $44.0M | $38.0M | $75.5M | $27.0M | $61.0M | $60.3M | $127.6M | $91.6M | $125.7M | $56.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$2.1M | −$2.0M | −$2.2M | — |
| Total current liabilities | $125.0M | $15.1M | $44.0M | $1.26B | $1.30B | $1.29B | $1.27B | $1.26B | $1.23B | $1.24B | $1.25B | $1.19B |
| Long-term debt | $38.5M | $42.5M | $44.2M | $49.0M | $51.2M | $47.8M | $57.2M | $69.8M | $75.9M | $75.8M | $79.8M | $83.8M |
| Lease obligations | $17.5M | $17.6M | $17.7M | $17.8M | $17.9M | $18.2M | $18.3M | $18.4M | $6.0M | $6.1M | $6.1M | $6.1M |
| Other long-term liabilities | $1.20B | $1.24B | $1.22B | $32.8M | $31.3M | $30.3M | $30.1M | $35.4M | $15.2M | $15.6M | $17.7M | $16.1M |
| Total liabilities | $1.37B | $1.30B | $1.30B | $1.35B | $1.38B | $1.37B | $1.35B | $1.36B | $1.32B | $1.33B | $1.35B | $1.29B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $63,000 | $63,000 | $62,000 | $62,000 | $62,000 | $62,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 | $61,000 |
| Retained earnings (deficit) | $77.2M | $75.1M | $71.9M | $79.6M | $79.6M | $80.2M | $77.8M | $73.7M | $78.9M | $77.6M | $76.1M | $74.3M |
| Accumulated other comprehensive income | −$7.1M | −$6.7M | −$5.4M | −$7.3M | −$8.9M | −$8.4M | −$9.1M | −$6.7M | −$8.8M | −$8.9M | −$9.6M | −$13.4M |
| Minority interest | — | — | — | $0 | $0 | — | — | — | — | — | — | — |
| Total shareholders' equity | $125.7M | $123.6M | $121.0M | $126.3M | $124.4M | $124.9M | $121.5M | $120.2M | $123.3M | $121.8M | $119.5M | $113.8M |
| Key figures | ||||||||||||
| Total debt | $181.0M | $75.1M | $107.2M | $104.8M | $144.6M | $93.0M | $136.5M | $148.6M | $209.5M | $173.5M | $211.6M | $146.6M |
| Net cash (debt) | $196.6M | $211.8M | $181.1M | $230.3M | $187.9M | $242.5M | $164.4M | $158.7M | $97.3M | $134.8M | $95.8M | $84.7M |
| Working capital | −$107.1M | $4.7M | $1.12B | −$922.7M | −$958.9M | −$950.1M | −$958.3M | −$942.7M | −$917.1M | −$924.2M | −$933.3M | −$948.4M |
| Tangible book value | $115.6M | $113.3M | $110.5M | $115.8M | $113.7M | $114.0M | $110.4M | $108.3M | $118.7M | $117.2M | $114.9M | $109.1M |
| Book value per share | $25.55 | $19.73 | $19.05 | $26.49 | $26.14 | $26.30 | $25.67 | $25.51 | $26.20 | $25.91 | $25.46 | $24.36 |
| Shares outstanding | 4.9M | 6.3M | 6.3M | 4.8M | 4.8M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M | 4.7M |
| Current ratio | 0.14 | 1.31 | 26.41 | 0.27 | 0.26 | 0.26 | 0.24 | 0.25 | 0.25 | 0.25 | 0.25 | 0.20 |
| Quick ratio | 3.07 | 19.40 | 26.41 | 0.27 | 0.26 | 0.26 | 0.24 | 0.25 | 0.25 | 0.25 | 0.25 | 0.20 |
| Debt / equity | 1.44 | 0.61 | 0.89 | 0.83 | 1.16 | 0.74 | 1.12 | 1.24 | 1.70 | 1.42 | 1.77 | 1.29 |
| Equity / assets | 8.4% | 8.7% | 8.5% | 8.6% | 8.3% | 8.4% | 8.2% | 8.1% | 8.5% | 8.4% | 8.2% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
PBHC financial position
At the end of fiscal 2025 (December 31, 2025), Pathfinder Bancorp had total assets of $1.4 billion (down 3.4% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of $121.0 million. It held $288.3 million in cash and short-term investments against $107.2 million of debt, a net cash position of $181.1 million. Its current ratio was 26.41. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $125.7 million.
Related: PBHC income statement, PBHC cash flow statement, PBHC key metrics. See the PBHC stock overview for the latest quote and news.
PBHC balance sheet FAQ
What are Pathfinder Bancorp's total assets?
Pathfinder Bancorp reported total assets of $1.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Pathfinder Bancorp have?
Pathfinder Bancorp had $107.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.89.
How much cash does Pathfinder Bancorp have?
Pathfinder Bancorp held $288.3 million in cash and short-term investments at the end of fiscal 2025; with $107.2 million of debt that is net cash of $181.1 million.
What is Pathfinder Bancorp's book value?
Pathfinder Bancorp's shareholders' equity (book value) was $121.0 million at the end of fiscal 2025, or $19.05 per share.
What is Pathfinder Bancorp's current ratio?
Pathfinder Bancorp had current assets of $1.2 billion and current liabilities of $44.0 million, a current ratio of 26.41 (it can cover its short-term obligations).
How much goodwill does Pathfinder Bancorp have?
Pathfinder Bancorp carried $10.4 million of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.