Greene County Bancorp, Inc. Reports Net Income of $7.5 Million for the Three Months Ended December 31, 2024, an Increase of 31% When Comparing the Same Quarter Ended December 31, 2023
Financial Performance: Greene County Bancorp, Inc. reported a net income of $7.5 million for the three months and $13.8 million for the six months ended December 31, 2024, reflecting increases of 31.2% and 12.9% respectively compared to the previous year. Total assets reached a record high of $2.97 billion, with net loans also at a record of $1.53 billion.
Operational Highlights: The company experienced growth in net interest income and margin, attributed to higher yields on loans and securities, while managing credit quality with a provision for credit losses of $1.2 million for the six months. Noninterest income rose by 12.3%, driven by increased fees from customer contracts and bank-owned life insurance.
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Greene County Bancorp (GCBC) Declares $0.10 Quarterly Dividend with 1.78% Yield
- Dividend Declaration: Greene County Bancorp has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
- Yield Overview: The forward yield of 1.78% provides investors with a relatively stable income source, although market fluctuations may impact stock performance.
- Payment Schedule: The dividend is payable on February 27, with a record date of February 13 and an ex-dividend date also set for February 13, ensuring shareholders receive their earnings promptly.
- Market Reaction: Despite a recent dip in stock price, analysts believe this dividend policy does not alter the company's fundamentals, reflecting a cautious market sentiment regarding its long-term value.
Greene County Bancorp (GCBC) Declares $0.10 Quarterly Cash Dividend
- Quarterly Cash Dividend: Greene County Bancorp has declared a quarterly cash dividend of $0.10 per share, maintaining an annual cash dividend rate of $0.40, which reflects the company's stable cash flow and shareholder return strategy.
- Record Date for Shareholders: The dividend is set to be paid on February 27, 2026, with a record date of February 13, 2026, ensuring timely returns for shareholders and enhancing investor confidence.
- Holding Company Background: Greene County Bancorp is a majority-owned subsidiary of Greene County Bancorp, MHC, which holds 54.1% of the company's common shares; while the MHC has historically waived its dividend rights, it will not do so this quarter, ensuring stable cash flow for the company.
- Market Positioning: As the holding company for the Bank of Greene County and Greene County Commercial Bank, Greene County Bancorp primarily serves the Hudson Valley and Capital District regions of New York, showcasing its strong influence in the local financial market.
Greene County Bancorp (GCBC) Recognized as Piper Sandler's Class of 2025 Sm-All Stars for 9th Time
- Industry Recognition: Greene County Bancorp ranks 9th among 24 banks in Piper Sandler's Class of 2025 Sm-All Stars, highlighting its exceptional performance in the small-cap banking sector and reinforcing its reputation as a top performer.
- Sustained Performance: The bank has been recognized nine times since the list's inception in 2004, making it the most recognized bank in the Class of 2025, which underscores the resilience and sustainability of its business model.
- Market Position: To qualify as an All Star, the company must meet stringent criteria including a market cap below $2.5 billion and outperform industry metrics in growth, profitability, credit quality, and capital strength, indicating its competitive edge in the market.
- Community Banking Strategy: The company's focus on community banking, credit quality, and relationship-based growth not only enhances customer service quality but also strengthens its market presence in the Hudson Valley and Capital Region of New York State.
Daily Upgrade Report for Validea Motley Fool Strategy - November 18, 2025
Validea's Small-Cap Growth Investor Model: The model, based on Motley Fool's strategy, identifies small-cap growth stocks with strong fundamentals and price performance, highlighting several stocks with improved ratings, such as Finward Bancorp and FRMO Corp.
Company Ratings and Descriptions: Various companies, including NewtekOne Inc. and RADCOM Ltd., have seen their ratings increase significantly, indicating potential investment interest based on their financial health and market performance.
Industry Focus: The stocks analyzed span multiple industries, including banking, investment services, and technology, showcasing a diverse range of investment opportunities for small-cap and mid-cap stocks.
Investment Strategy Insights: The article emphasizes the importance of scoring above 80% for investment interest, with detailed analyses provided for each company to assess their alignment with the investment strategy's criteria.
Insider Buying Update for Monday, October 27: SIGI, GCBC
Selective Insurance Group Insider Buying: Patrick Sean Brennan, CFO of Selective Insurance Group, purchased 2,700 shares of SIGI for $205,659 at $76.17 each, following a previous buy of $249,450 shares at $83.15 each within the last year.
Greene County Bancorp Insider Buying: Director Jay P. Cahalan bought 4,300 shares of Greene County Bancorp for $97,743 at $22.73 each, after a prior purchase of $99,911 shares at $26.69 each in the past year.
Market Performance: Selective Insurance Group's stock is down approximately 0.3% on Monday, while Greene County Bancorp's stock is up about 1.7%.
Disclaimer: The views expressed in the report are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Greene County Bancorp, Inc. Announces $8.9 Million Net Income for Q3 2025 and Confirms Expansion into Saratoga County
Financial Performance: Greene County Bancorp, Inc. reported a net income of $8.9 million for the quarter ending September 30, 2025, a 41.7% increase from $6.3 million in the same period the previous year, with record highs in total assets, loans, and deposits.
Growth and Expansion: The company is set to expand into Saratoga County with a new office opening on October 25, 2025, reflecting its commitment to growth and community banking excellence.
Interest Income and Margin: Net interest income rose to $17.5 million, driven by an increase in interest-earning assets and a higher net interest margin of 2.48%, up from 2.03% a year earlier.
Credit Quality: The provision for credit losses increased to $1.3 million due to higher loan volumes, while nonperforming loans slightly rose to $3.6 million, representing 0.22% of net loans.
Greene County Bancorp (GCBC) Declares $0.10 Quarterly Dividend with 1.78% Yield
- Dividend Declaration: Greene County Bancorp has declared a quarterly dividend of $0.10 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
- Yield Overview: The forward yield of 1.78% provides investors with a relatively stable income source, although market fluctuations may impact stock performance.
- Payment Schedule: The dividend is payable on February 27, with a record date of February 13 and an ex-dividend date also set for February 13, ensuring shareholders receive their earnings promptly.
- Market Reaction: Despite a recent dip in stock price, analysts believe this dividend policy does not alter the company's fundamentals, reflecting a cautious market sentiment regarding its long-term value.
Greene County Bancorp (GCBC) Declares $0.10 Quarterly Cash Dividend
- Quarterly Cash Dividend: Greene County Bancorp has declared a quarterly cash dividend of $0.10 per share, maintaining an annual cash dividend rate of $0.40, which reflects the company's stable cash flow and shareholder return strategy.
- Record Date for Shareholders: The dividend is set to be paid on February 27, 2026, with a record date of February 13, 2026, ensuring timely returns for shareholders and enhancing investor confidence.
- Holding Company Background: Greene County Bancorp is a majority-owned subsidiary of Greene County Bancorp, MHC, which holds 54.1% of the company's common shares; while the MHC has historically waived its dividend rights, it will not do so this quarter, ensuring stable cash flow for the company.
- Market Positioning: As the holding company for the Bank of Greene County and Greene County Commercial Bank, Greene County Bancorp primarily serves the Hudson Valley and Capital District regions of New York, showcasing its strong influence in the local financial market.
Greene County Bancorp (GCBC) Recognized as Piper Sandler's Class of 2025 Sm-All Stars for 9th Time
- Industry Recognition: Greene County Bancorp ranks 9th among 24 banks in Piper Sandler's Class of 2025 Sm-All Stars, highlighting its exceptional performance in the small-cap banking sector and reinforcing its reputation as a top performer.
- Sustained Performance: The bank has been recognized nine times since the list's inception in 2004, making it the most recognized bank in the Class of 2025, which underscores the resilience and sustainability of its business model.
- Market Position: To qualify as an All Star, the company must meet stringent criteria including a market cap below $2.5 billion and outperform industry metrics in growth, profitability, credit quality, and capital strength, indicating its competitive edge in the market.
- Community Banking Strategy: The company's focus on community banking, credit quality, and relationship-based growth not only enhances customer service quality but also strengthens its market presence in the Hudson Valley and Capital Region of New York State.
Daily Upgrade Report for Validea Motley Fool Strategy - November 18, 2025
Validea's Small-Cap Growth Investor Model: The model, based on Motley Fool's strategy, identifies small-cap growth stocks with strong fundamentals and price performance, highlighting several stocks with improved ratings, such as Finward Bancorp and FRMO Corp.
Company Ratings and Descriptions: Various companies, including NewtekOne Inc. and RADCOM Ltd., have seen their ratings increase significantly, indicating potential investment interest based on their financial health and market performance.
Industry Focus: The stocks analyzed span multiple industries, including banking, investment services, and technology, showcasing a diverse range of investment opportunities for small-cap and mid-cap stocks.
Investment Strategy Insights: The article emphasizes the importance of scoring above 80% for investment interest, with detailed analyses provided for each company to assess their alignment with the investment strategy's criteria.
Insider Buying Update for Monday, October 27: SIGI, GCBC
Selective Insurance Group Insider Buying: Patrick Sean Brennan, CFO of Selective Insurance Group, purchased 2,700 shares of SIGI for $205,659 at $76.17 each, following a previous buy of $249,450 shares at $83.15 each within the last year.
Greene County Bancorp Insider Buying: Director Jay P. Cahalan bought 4,300 shares of Greene County Bancorp for $97,743 at $22.73 each, after a prior purchase of $99,911 shares at $26.69 each in the past year.
Market Performance: Selective Insurance Group's stock is down approximately 0.3% on Monday, while Greene County Bancorp's stock is up about 1.7%.
Disclaimer: The views expressed in the report are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
Greene County Bancorp, Inc. Announces $8.9 Million Net Income for Q3 2025 and Confirms Expansion into Saratoga County
Financial Performance: Greene County Bancorp, Inc. reported a net income of $8.9 million for the quarter ending September 30, 2025, a 41.7% increase from $6.3 million in the same period the previous year, with record highs in total assets, loans, and deposits.
Growth and Expansion: The company is set to expand into Saratoga County with a new office opening on October 25, 2025, reflecting its commitment to growth and community banking excellence.
Interest Income and Margin: Net interest income rose to $17.5 million, driven by an increase in interest-earning assets and a higher net interest margin of 2.48%, up from 2.03% a year earlier.
Credit Quality: The provision for credit losses increased to $1.3 million due to higher loan volumes, while nonperforming loans slightly rose to $3.6 million, representing 0.22% of net loans.
