GCBC
Greene County Bancorp, Inc.25.13
+0.96+3.97%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
427.88MP/E (TTM)
12.69Basic EPS (TTM)
1.98Dividend Yield
0.02%Recent Filings
8-K
Q1 net income surges 42%
Greene County Bancorp reported net income of $8.9 million for the three months ended September 30, 2025, up 41.7% from $6.3 million a year earlier, driven by net interest income rising to $17.5 million amid higher-yielding loans and securities while deposit costs fell. Total assets, net loans, and deposits all hit record highs at $3.1 billion, $1.6 billion, and $2.7 billion, respectively, with net interest margin expanding to 2.48%. The bank finalized expansion into Saratoga County, opening its Clifton Park office on October 25, 2025. Strong balance sheet growth persists.
8-K
Notes redeemed early
Greene County Bancorp redeemed its full $20.0 million of 4.75% Fixed-to-Floating Rate Subordinated Notes due 2030 on October 1, 2025, paying 100% of principal plus accrued interest using cash on hand. This early payoff eliminates long-term debt obligations, freeing up balance sheet capacity. No refinancing details disclosed. Redemption sharpens financial flexibility.
10-K
FY2025 results
Greene County Bancorp's FY2025 results showed robust growth, with net income climbing 25.7% to $31.1 million, or $1.83 per share, driven by higher interest income from loan and securities repricing amid elevated rates. Total assets expanded 7.6% to $3.0 billion, fueled by an 8.6% rise in net loans to $1.6 billion—primarily commercial real estate—while deposits surged 10.5% to $2.6 billion, including municipal inflows. Net interest margin improved 21 basis points to 2.19%, reflecting asset yield gains outpacing liability costs, though Q4 momentum softened slightly with sequential deposit growth decelerating amid seasonal municipal patterns. Liquidity remained solid, with $183 million in cash equivalents and ample FHLB capacity; no buybacks occurred, but dividends rose to $0.36 annually. Yet, persistent high rates could pressure net interest income if deposit competition intensifies.
8-K
Record earnings, expansion plans
Greene County Bancorp reported record net income of $31.1 million for the fiscal year ended June 30, 2025, up 25.7% from $24.8 million the prior year, fueled by net interest income rising to $60.1 million on higher-yielding loans and securities amid Federal Reserve rate cuts. Total assets hit $3.0 billion, with net loans at $1.6 billion and deposits at $2.6 billion, while credit quality strengthened as nonperforming loans fell to 0.19% of net loans. Plans to open a branch in Saratoga County will expand its New York footprint. Solid growth persists.
8-K
Dividend hiked 11.1%
Greene County Bancorp boosted its quarterly cash dividend to $0.10 per share, lifting the annual rate to $0.40—an 11.1% jump from $0.36. Payable August 29, 2025, to holders of record August 15, the payout skips the majority-owning MHC, which waived it with Federal Reserve nod. This signals steady cash flow confidence. Yet dividends hinge on future earnings.
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