Quarterly ResultJul 23, 2026, 10:14 AM
Greene County Bancorp Reports Record FY26 Net Income of $41.0M
AI Summary
Greene County Bancorp, Inc. reported record net income of $41.0 million for the fiscal year ended June 30, 2026, a 31.7% increase from the prior year. The company also achieved record highs in total assets at $3.2 billion and net loans at $1.7 billion. Net interest income significantly increased, and the net interest margin expanded due to strategic balance sheet management and disciplined deposit pricing. The CEO highlighted the exceptional year, attributing success to their community banking model and customer loyalty, and noted recognition as a top-performing bank by Bank Director Magazine.
Key Highlights
- Fiscal Year 2026 Net Income: $41.0 million, up 31.7% from $31.1 million in FY2025.
- Q4 2026 Net Income: $11.3 million, up from $9.3 million in Q4 2025.
- Fiscal Year 2026 Basic and Diluted EPS: $2.41, up from $1.83 in FY2025.
- Total Assets: $3.2 billion at June 30, 2026, a new record high, up 4.7% YoY.
- Net Loans: $1.7 billion at June 30, 2026, a new record high, up 7.7% YoY.
- Fiscal Year 2026 Net Interest Income: $77.9 million, up $17.8 million from FY2025.
- Fiscal Year 2026 Net Interest Margin: 2.65%, up 46 basis points from 2.19% in FY2025.
- Return on Average Equity: 15.91% for FY2026, up from 14.08% in FY2025.
Price Impact
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