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Stock impact report

Greene County Bancorp, Inc. Reports Net Income of $18.0 million for the Nine Months Ended March 31, 2024 and opens Capital Region Banking Center in Albany, New York

Greene County Bancorp, Inc. (GCBC) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4040227
Company Research Source: GlobeNewswire
CATSKILL, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the “Company”) (NASDAQ: GCBC), the holding company for The Bank of Greene County and its subsidiary Greene County Commercial Bank, today reported net income for the three and nine months ended March 31, 2024, which is the third quarter of the Company’s fiscal year ending June 30, 2024. Net income for the three and nine months ended March 31, 2024 was $5.9 million, or $0.34 per basic and diluted share, and $18.0 million, or $1.06 per basic and diluted share, respectively, as compared to $8.1 million, or $0.48 per basic and diluted share, and $24.3 million, or $1.43 per basic and diluted share, for the three and nine months ended March 31, 2023, respectively. Net income decreased $6.3 million, or 25.9%, when comparing the nine months ended March 31, 2024 and 2023. Highlights: Net Income: $18.0 million for the nine months ended March 31, 2024Total Assets: $2.9 billion at March 31, 2024, a new record highN Show less Read more
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