GCBC News & Events

Net interest income increased $5M to $19.1M for the three months ended December 31, from $14.1M for the three months ended December 31, 2024. Net interest margin increased 50 basis points to 2.54% for the three months ended December 31 as compared to 2.04% for the three months ended December 31, 2024. Reports book value per share $15.17. Donald Gibson, President & CEO stated: "This quarter represents a defining milestone for our organization, achieving the highest earnings in our 137-year history while successfully launching our first Saratoga County office, on time and under budget. This demonstrates the strength of our strategy, the discipline of our execution and the dedication of our entire team. Our expansion positions us in a high-growth market and aligns with our strategy of disciplined capital deployment to enhance long-term shareholder value. The Company continues to see strong momentum across its core business lines, supported by conservative risk management and a focus on operating fundamentals. Our performance underscores our long-standing commitment to building shareholder value while serving the financial needs of our communities. We are proud of our legacy and even more excited about the opportunities ahead."

Net interest margin increased 45 basis points to 2.48% for the three months ended September 30, 2025, compared to 2.03% for the three months ended September 30, 2024. Reports book value per share $14.58. Donald Gibson, President & CEO, stated: "I am extremely pleased to report that in the prior six-month period, the Company earned a historical net income record of over $18.2M, 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."

Net interest income increased $3.8 million to $16.7 million for the three months ended June 30, 2025 from $12.9 million for the three months ended June 30, 2024. Net interest margin increased 40 basis points to 2.37% for the three months ended June 30, 2025, compared to 1.97% for the three months ended June 30, 2024. Reports book value per share $14.03. Donald Gibson, President & CEO, stated: "I am pleased to report record high net income for the fiscal year ended June 30, 2025, marking 16 years of the past 17 years that our Company has achieved record earnings. This sustained performance is a testament to our disciplined business model, strong community partnerships and exceptional execution of our team. As we look ahead, we are excited to announce plans to expand into Saratoga County with our first branch in that market area, expanding our geographic footprint from five to six counties within New York State, and further strengthening our position as the leading economic engine of the communities we serve. Additionally, we are honored to be recognized by the Albany Business Review, first as one of the Capital Regions 11 fastest growing large companies, defined as those with revenue exceeding $100.0 million, and second, on July 17, 2025, we ranked as the number one commercial mortgage lender in New York's Capital Region for commercial loan volume in 2024. I believe the distinction reflects our financial strength and our long-term commitment to organic growth that benefits customers, communities and shareholders alike."

Greene County Bancorp announced that its Board of Directors has approved a quarterly cash dividend of 10c per share on the company's common stock. The dividend reflects an annual cash dividend rate of 40c per share which represents an 11.1% increase from the previous annual cash dividend of 36c per share. The cash dividend for the quarter ended June 30 will be paid to shareholders of record as of August 15, and is expected to be paid on August 29.