| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 21.51 | 27.5% |
| Total Income | 21.51 | 27.5% |
| Expenditure | 11.32 | 11.2% |
| PBT | 10.19 | 52.3% |
| Net Profit | 8.87 | 41.7% |
| OPM | 47.37% | 7.73pp |
| NPM | 41.24% | 4.14pp |
| EPS | 0.52 | 40.5% |
Greene County Bancorp Reports Q1 FY26 Net Income of $8.9 Million
04 May 2026 · 4 May, 9:00 am
Summary
Greene County Bancorp, Inc. reported a net income of $8.9 million for the three months ended September 30, 2025, which represents the first quarter of fiscal year 2026. This is an increase of $2.6 million, or 41.7%, compared to the same period in 2024. The company achieved record highs in total assets, loans, and deposits. They also finalized expansion plans into Saratoga County, marking their entry into a vibrant market.
Key Highlights
- 1
Greene County Bancorp, Inc. reported net income of $8.9 million, or $0.52 per basic and diluted share, for the three months ended September 30, 2025.
- 2
Net income increased by $2.6 million, or 41.7%, compared to the three months ended September 30, 2024.
- 3
Total assets reached a new record high of $3.1 billion as of September 30, 2025.
- 4
Net loans also reached a new record high of $1.6 billion at September 30, 2025.
- 5
Total deposits reached a new record high of $2.7 billion at September 30, 2025.
- 6
The company finalized expansion plans into Saratoga County, with a new Clifton Park office opening on October 25, 2025.
- 7
Net interest income increased $4.4 million to $17.5 million for the three months ended September 30, 2025, from $13.1 million for the three months ended September 30, 2024.
Management Comments
Donald E. Gibson
I am extremely pleased to report that in the prior six-month period, the Company earned a historical net income record of over $18.2 million, representing another period of powerful performance and consistent growth for Greene County Bancorp, Inc. Our continued growth and strong earnings reflect the dedication of our employees, the loyalty of our customers, and the trust placed in us by our communities. During the quarter ended September 30, 2025, we reached record highs in total assets, loans, deposits, and equity, underscoring the strength of our balance sheet and resilience of our business model. We are excited to announce that we have finalized our expansion plans into Saratoga County, with a grand opening and ribbon cutting ceremony for our new Clifton Park office on Saturday, October 25, 2025. This expansion marks our entry into one of New York State’s most vibrant and growing markets. As we celebrate these milestones, we remain focused on delivering value to our shareholders, customers, and communities through prudent growth, exceptional service, and continued commitment to community banking excellence.”
Informational and educational content only. Not investment advice.