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Stock impact report

Greene County Bancorp, Inc. Reports Strong Net Income for the Nine Months Ended March 31, 2020 and Remains Well Positioned to Support Community Needs During COVID-19 Crisis

Greene County Bancorp, Inc. (GCBC) 
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4040227
Company Research Source: GlobeNewswire
CATSKILL, N.Y., April 24, 2020 (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, 2020.  Net income for the three and nine months ended March 31, 2020 was $4.1 million, or $0.47 per basic and diluted share, and $14.0 million, or $1.64 per basic and diluted share, respectively, as compared to $4.4 million, or $0.51 per basic and diluted share, and $13.3 million, or $1.56 per basic and diluted share, for the three and nine months ended March 31, 2019, respectively.  Net income decreased $305,000, or 7.5%, when comparing the three months ended March 31, 2020 and 2019, and increased $707,000, or 5.3%, when comparing the nine months ended March 31, 2020 and 2019.  The decrease in net income for the three months ended March 31, 2020 was primarily the result of additional provision for loan l Show less Read more
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