GREENE COUNTY BANCORP INC

Greene County Bancorp, Inc. announced record-breaking financial results for the first quarter of fiscal year 2027, ending September 30, 2026. Net income surged by 41% year-over-year to $12.5 million, or $0.73 per share, driven by strong performance in net interest income and a significant decrease in the provision for credit losses. The company also achieved record highs in total assets, net loans, and total deposits. Alongside these financial achievements, the company's banking subsidiary rebranded to Bank of Greene, and a proposal to change the parent company's name to Greene Bancorp, Inc. will be presented to shareholders.

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.

Greene County Bancorp, Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.11 per share on its common stock. This represents a 10.0% increase in the annual cash dividend rate, moving from $0.40 to $0.44 per share. The dividend for the quarter ended June 30, 2026, will be paid on August 31, 2026, to shareholders of record as of August 14, 2026. The majority owner, Greene County Bancorp, MHC, will waive its receipt of this dividend, having received nonobjection from the Federal Reserve Bank of Philadelphia.

Greene County Bancorp, Inc. released an investor presentation detailing its strategies, recent performance, and trends for meetings with institutional investors. For the most recent quarter ended March 31, 2026, the company reported total assets of $3.2 billion and net income of $10.5 million. Key financial metrics included a Return on Average Assets of 1.37% and a Return on Average Equity of 16.02%. The company also highlighted its strong capital position with a Tangible Common Equity to Tangible Assets ratio of 8.41% and a Net Interest Margin FTE of 3.03%.

Greene County Bancorp reported strong financial results for the third quarter ended March 31, 2026, with net income increasing by 30.6% to $10.5 million and diluted EPS rising to $0.62. The company also saw a significant 24.5% increase in net interest income. For the nine-month period, net income grew by 36.1% to $29.7 million, and total assets expanded by 4.6% to $3.18 billion, reflecting robust growth across key metrics.

Greene County Bancorp, Inc. reported record net income of $10.5 million for the three months ended March 31, 2026. This marks the highest quarterly earnings in the bank's 137-year history. Additionally, the company announced a new stock repurchase program, signaling confidence in its financial position and commitment to shareholder returns.

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.

Greene County Bancorp, Inc. announced its Board of Directors approved a quarterly cash dividend of $0.10 per share. This maintains an annual cash dividend rate of $0.40 per share, consistent with the previous quarter. The dividend for the quarter ended March 31, 2026, will be paid on May 29, 2026, to shareholders of record as of May 15, 2026. The majority-owned subsidiary, Greene County Bancorp, MHC, which holds 54.1% of outstanding common shares, is waiving its right to receive this dividend, with Federal Reserve Bank of Philadelphia's nonobjection for waivers up to $0.64 per share for four quarters.

Greene County Bancorp, Inc. announced a new stock repurchase program, authorizing the company to buy back up to 400,000 shares of its common stock. This amount represents approximately 5.0% of the 7,808,300 outstanding shares not held by its majority mutual holding company parent. The program is expected to return value to shareholders and potentially enhance earnings per share.

Greene County Bancorp, Inc. announced that its Board of Directors has adopted a stock repurchase program. The company is authorized to repurchase up to 400,000 shares of its common stock, which constitutes approximately 5.0% of the outstanding shares held by shareholders other than the majority mutual holding company parent. Repurchases are expected to begin after the release of the company's first-quarter 2026 operating results and will be made at management's discretion.