Pathfinder Bancorp Management

Management criteria checks 3/4

Pathfinder Bancorp's CEO is Jim Dowd, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is $562.06K, comprised of 66.7% salary and 33.3% bonuses, including company stock and options. directly owns 0.97% of the company’s shares, worth $1.06M. The average tenure of the management team and the board of directors is 1.1 years and 10.6 years respectively.

Key information

Jim Dowd

Chief executive officer

US$562.1k

Total compensation

CEO salary percentage	66.7%
CEO tenure	2.6yrs
CEO ownership	1.0%
Management average tenure	1.1yrs
Board average tenure	10.6yrs

Recent management updates

Recent updates

Pathfinder Bancorp's (NASDAQ:PBHC) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 31

Pathfinder Bancorp's (NASDAQ:PBHC) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 01

Shareholders May Be A Bit More Conservative With Pathfinder Bancorp, Inc.'s (NASDAQ:PBHC) CEO Compensation For Now

May 29

Pathfinder reports Q1 results

May 03

Here's Why I Think Pathfinder Bancorp (NASDAQ:PBHC) Might Deserve Your Attention Today

Mar 23

You Have To Love Pathfinder Bancorp, Inc.'s (NASDAQ:PBHC) Dividend

Feb 15

Pathfinder reports Q4 results

Feb 01

Pathfinder declares $0.06 dividend

Dec 21

Pathfinder Bancorp (NASDAQ:PBHC) Share Prices Have Dropped 29% In The Last Three Years

Dec 21

CEO Compensation Analysis

How has Jim Dowd's remuneration changed compared to Pathfinder Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2m
Jun 30 2024	n/a	n/a	US$7m
Mar 31 2024	n/a	n/a	US$7m
Dec 31 2023	US$562k	US$375k	US$7m
Sep 30 2023	n/a	n/a	US$8m
Jun 30 2023	n/a	n/a	US$9m
Mar 31 2023	n/a	n/a	US$9m
Dec 31 2022	US$508k	US$259k	US$10m
Sep 30 2022	n/a	n/a	US$10m
Jun 30 2022	n/a	n/a	US$10m
Mar 31 2022	n/a	n/a	US$10m
Dec 31 2021	US$372k	US$219k	US$9m
Sep 30 2021	n/a	n/a	US$8m
Jun 30 2021	n/a	n/a	US$6m
Mar 31 2021	n/a	n/a	US$6m
Dec 31 2020	US$337k	US$210k	US$5m
Sep 30 2020	n/a	n/a	US$5m
Jun 30 2020	n/a	n/a	US$5m
Mar 31 2020	n/a	n/a	US$4m
Dec 31 2019	US$332k	US$210k	US$4m
Sep 30 2019	n/a	n/a	US$3m
Jun 30 2019	n/a	n/a	US$3m
Mar 31 2019	n/a	n/a	US$4m
Dec 31 2018	US$328k	US$205k	US$4m
Sep 30 2018	n/a	n/a	US$4m
Jun 30 2018	n/a	n/a	US$4m
Mar 31 2018	n/a	n/a	US$4m
Dec 31 2017	US$299k	US$195k	US$3m

Compensation vs Market: Jim's total compensation ($USD562.06K) is about average for companies of similar size in the US market ($USD647.72K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Dowd (56 yo)

2.6yrs

Tenure

US$562,055

Compensation

Mr. James A. Dowd, also known as Jim, C.P.A., serves as President and Chief Executive Officer of Pathfinder Bancorp, Inc. and Pathfinder Bank from March 29, 2023. He is a Director of Pathfinder Bancorp, In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Dowd	President	2.6yrs	US$562.06k	0.97% $ 1.1m
Ronald Tascarella	Executive VP & Chief Banking Officer	no data	US$352.13k	1.45% $ 1.6m
Justin Bigham	Senior VP & CFO	less than a year	no data	no data
Robert Butkowski	Senior VP & COO	1.1yrs	no data	0.48% $ 525.1k
Daniel Phillips	Senior VP & Chief Information Officer	10.8yrs	no data	0.96% $ 1.0m
Heather Bush	Vice President of Human Resources	no data	no data	no data
Joseph Serbun	Senior Vice President & Chief Credit Officer	less than a year	no data	no data
William O'Brien	Senior VP	4.8yrs	no data	0.30% $ 325.9k
Roberta Davis	Vice President & Financial Analyst	no data	no data	no data
Regina Bass	First Vice President	less than a year	no data	0.0065% $ 7.1k

1.1yrs

Average Tenure

58yo

Average Age

Experienced Management: PBHC's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
James Dowd	President	1.4yrs	US$562.06k	0.97% $ 1.1m
Chris Burritt	Independent Chairman of the Board	27.8yrs	US$73.91k	0.93% $ 1.0m
Lloyd Stemple	Independent Director	19.3yrs	US$53.14k	1.17% $ 1.3m
Eric Allyn	Independent Director	2.5yrs	US$36.20k	0.83% $ 898.0k
Anthony Scavuzzo	Representative Director	1.4yrs	US$25.83k	no data
William Barclay	Independent Director	13.6yrs	US$41.46k	1.37% $ 1.5m
Melanie Littlejohn	Independent Director	8.5yrs	US$38.80k	0.058% $ 62.6k
John Funiciello	Director	13yrs	US$48.91k	0.75% $ 811.5k
David Ayoub	Independent Director	12.7yrs	US$55.61k	0.52% $ 559.9k
John Sharkey	Independent Director	10.6yrs	US$47.82k	0.84% $ 918.4k
Adam Gagas	Independent Director	10.6yrs	US$38.70k	3.06% $ 3.3m
Meghan Crawford-Hamlin	Independent Director	2.5yrs	US$36.40k	0.016% $ 17.8k

10.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PBHC's board of directors are seasoned and experienced ( 10.6 years average tenure).

Pathfinder Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

Senior VP & Chief Information Officer exercised options to buy US$239k worth of stock.

Pathfinder Bancorp, Inc. Announces Executive Changes

Senior VP & Chief Information Officer recently sold US$78k worth of stock

Senior VP & Chief Information Officer notifies of intention to sell stock

Pathfinder Bancorp, Inc. Elects Tony Scavuzzo as Director

Pathfinder Bancorp, Inc. Elects Tony Scavuzzo as Director

Recent updates

Senior VP & Chief Information Officer exercised options to buy US$239k worth of stock.

Third quarter 2024 earnings released: US$0.76 loss per share (vs US$0.27 profit in 3Q 2023)

Investor sentiment improves as stock rises 18%

Second quarter dividend of US$0.10 announced

Pathfinder Bancorp, Inc. Declares Cash Dividend for the Third Quarter Ended September 30, 2024, Payable on November 8, 2024

Pathfinder Bancorp, Inc. Announces Executive Changes

Senior VP & Chief Information Officer recently sold US$78k worth of stock

Senior VP & Chief Information Officer notifies of intention to sell stock

Second quarter 2024 earnings released: EPS: US$0.33 (vs US$0.25 in 2Q 2023)

Investor sentiment improves as stock rises 29%

First quarter dividend of US$0.10 announced

Pathfinder Bancorp, Inc. Declares Second Quarter 2024 Dividend, Payable on August 9, 2024

Pathfinder Bancorp, Inc. Elects Tony Scavuzzo as Director

Pathfinder Bancorp, Inc. Elects Tony Scavuzzo as Director

Pathfinder Bancorp, Inc Announces Executive Changes

First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.42 in 1Q 2023)

Pathfinder Bancorp, Inc., Annual General Meeting, Jun 06, 2024

Pathfinder Bancorp (NASDAQ:PBHC) Is Paying Out A Larger Dividend Than Last Year

Fourth quarter dividend increased to US$0.10

Pathfinder Bancorp, Inc. Declares Cash Dividend for Fiscal Quarter Ending March 31, 2024, Will Be Paid on May 10, 2024

Full year 2023 earnings released: EPS: US$1.16 (vs US$1.64 in FY 2022)

Investor sentiment deteriorates as stock falls 16%

Full year 2023 earnings released: EPS: US$1.53 (vs US$1.64 in FY 2022)

Pathfinder Bancorp, Inc. Declares Dividend for the Fiscal Quarter Ending December 31, 2023, Payable on February 2, 2024

Investor sentiment improves as stock rises 15%

New minor risk - Shareholder dilution

Third quarter 2023 earnings released: EPS: US$0.36 (vs US$0.40 in 3Q 2022)

Upcoming dividend of US$0.09 per share at 2.7% yield

Pathfinder Bancorp, Inc. Declares Dividend for the Fiscal Quarter Ending September 30, 2023, Payable on November 10, 2023

Senior VP & Chief Information Officer notifies of intention to sell stock

New minor risk - Insider selling

Insider recently sold US$183k worth of stock

Insider notifies of intention to sell stock

Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.41 in 2Q 2022)

Upcoming dividend of US$0.09 per share at 2.5% yield

Pathfinder Bancorp, Inc. Declares Dividend for the Second Quarter Ended June 30, 2023, Payable on August 11, 2023

Independent Chairman of the Board exercised options to buy US$119k worth of stock.

First quarter 2023 earnings released: EPS: US$0.43 (vs US$0.49 in 1Q 2022)

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.09 per share at 2.2% yield

Pathfinder Bancorp (NASDAQ:PBHC) Will Pay A Dividend Of $0.09

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$2.17 (vs US$1.78 in FY 2021)

Upcoming dividend of US$0.09 per share

Pathfinder Bancorp, Inc. Declares Dividend for the Fiscal Quarter Ending December 31, 2022, Payable on February 10, 2023

Third quarter 2022 earnings released: EPS: US$0.54 (vs US$0.43 in 3Q 2021)

Third quarter 2022 earnings released

Upcoming dividend of US$0.09 per share

Pathfinder Bancorp, Inc. Declares Dividend, to Be Paid on November 11, 2022

Pathfinder declares $0.09 dividend

Pathfinder Bancorp, Inc. Announces Resignation of Thomas W. Schneider as Director of Capital Markets and Corporate Strategy

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$0.55 (vs US$0.48 in 2Q 2021)

Pathfinder GAAP EPS of $0.54, revenue of $11.25M

Pathfinder Bancorp, Inc. Announces Board Appointments

Pathfinder Bancorp, Inc. Declares Dividend for the Fiscal Quarter Ending June 30, 2022, Payable on August 12, 2022

Now 21% undervalued

Pathfinder Bancorp, Inc. Announces Board Elections

First quarter 2022 earnings released: EPS: US$0.50 (vs US$0.36 in 1Q 2021)

Insufficient new directors

Pathfinder Bancorp, Inc. Announces Executive Changes

Upcoming dividend of US$0.09 per share

Pathfinder Bancorp, Inc., Annual General Meeting, May 13, 2022

Pathfinder Bancorp's (NASDAQ:PBHC) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2021 earnings released: EPS: US$1.78 (vs US$1.17 in FY 2020)

Pathfinder Bancorp, Inc. Declares Dividend, Payable on May 6, 2022

Now 20% undervalued

Full year 2021 earnings: Revenues and EPS in line with analyst expectations