Greene County Bancorp, Inc. Reports Record High Net Income of $12.5 Million for the Quarter Ended September 30, 2026, an Increase of 41% when Compared to the Quarter Ended September 30, 2025
Greene County Bancorp reported record Q1 FY2027 net income of $12.5 million, or $0.73 per share, up 40.9% from $8.9 million ($0.52) a year earlier. Net interest income rose $4.4 million to $21.9 million as net interest margin expanded 45 basis points to 2.93%, driven by higher asset yields and lower deposit costs. Total assets, loans, and deposits all hit record highs. Credit quality improved, with a $432,000 provision benefit, nonperforming loans down to 0.18% of net loans, and classified commercial loans down $9.2 million.
Key figures
- Eps
- 0.73
- Revenue
- 21889000
- Revenue Yoy
- 24.9% (net interest income)
- Roaa
- 1.61%
- Roae
- 17.73%
- Net loans
- 1754569000
- Net income
- 12502000
- Total assets
- 3242620000
- Net income yoy
- 40.9%
- Prior year eps
- 0.52
- Total deposits
- 2847842000
- Efficiency ratio
- 43.56%
- Net interest margin
- 2.93%
- Shareholders equity
- 285983000
- Book value per share
- 16.8
- Prior year net income
- 8870000
- Pre provision net income
- 12070000
- Nonperforming loans to net loans
- 0.18%
AI analysis
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