GREENE COUNTY BANCORP INC (GCBC) Form 8-K — Oct 22, 2026
Greene County Bancorp (NASDAQ: GCBC) reported record net income of $12.5 million, or $0.73 per basic and diluted share, for the quarter ended September 30, 2026 — up 40.9% from $8.9 million, or $0.52 per share, a year earlier. The quarter was driven by net interest income rising $4.4 million to $21.9 million, with net interest margin expanding 45 basis points to 2.93% on higher loan and securities yields and lower deposit costs. Credit quality improved, with a $432,000 provision benefit and nonperforming loans falling to $3.2 million.
Key figures
- Eps
- 0.73
- Revenue
- 0
- Net Loans
- 1754569000
- Net Income
- 12502000
- Total Assets
- 3242620000
- Cash Position
- 134999000
- Eps Prior Year
- 0.52
- Net Income Yoy
- 40.9%
- Total Deposits
- 2847842000
- Allowance Ratio
- 1.21%
- Return On Assets
- 1.61%
- Return On Equity
- 17.73%
- Efficiency Ratio
- 43.56%
- Book Value Per Share
- 16.8
- Dividends Per Share
- 0.11
- Net Interest Margin
- 2.93%
- Nonperforming Loans
- 3200000
- Shareholders Equity
- 285983000
- Net Interest Rate Spread
- 2.71%
- Pre Provision Net Income
- 12070000
- Borrowings
- $66.2 million vs $155.1 million at June 30, 2026
- Brokered Deposits
- $41.6 million
- Shares Outstanding
- 17025485
- Remaining Buyback Shares
- 398657
- Subordinated Notes Outstanding
- $20.0 million of 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031
AI analysis
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