Quarterly ResultApr 22, 2026, 11:11 AM
GCBC Reports Record Q3 Net Income of $10.5M, Assets Hit $3.2B
AI Summary
Greene County Bancorp, Inc. reported record financial results for the third quarter and nine months ended March 31, 2026. Net income for the nine months surged 36.1% to a record $29.7 million, or $1.74 per share, compared to $21.8 million in the prior year. The company also achieved new record highs in total assets at $3.2 billion, net loans at $1.7 billion, and total deposits at $2.8 billion. Additionally, the Board approved a stock repurchase program for 400,000 shares, signaling confidence in future performance and commitment to shareholder value.
Key Highlights
- Net income for nine months rose 36.1% to record $29.7 million.
- Total assets reached a record $3.2 billion at March 31, 2026.
- Net loans hit a record $1.7 billion; total deposits reached $2.8 billion.
- Return on Average Equity was 15.65% for the nine months.
- Company adopted a stock repurchase program for 400,000 shares.