Greene County ( (GCBC) ) has released its Q4 earnings. Here is a breakdown of the information Greene County presented to its investors.
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Greene County Bancorp, Inc. is a community-based banking service provider in the Hudson Valley and Capital Region of New York State, operating through the Bank of Greene County and its subsidiary Greene County Commercial Bank. The company is publicly traded on the Nasdaq Capital Market under the ticker GCBC.
Greene County Bancorp, Inc. reported a record high net income of $31.1 million for the fiscal year ending June 30, 2025, marking a significant increase from the previous year’s $24.8 million. The company also announced plans to expand its operations into Saratoga County, further extending its geographic footprint.
Key financial highlights include a 25.7% increase in annual net income, reaching $31.1 million, and a 7.6% growth in total assets to $3.0 billion. The company saw a substantial rise in net interest income, which grew by $9.1 million year-over-year, driven by higher yields on loans and securities and strategic management of deposit rates. Additionally, the company maintained strong credit quality with a decrease in nonperforming loans and a benefit from the provision for credit losses.
Looking forward, Greene County Bancorp, Inc. plans to continue its strategic expansion and focus on organic growth, while maintaining its strong financial position. The company aims to enhance its role as a key economic player in the communities it serves, leveraging its disciplined business model and strong community partnerships.