Earnings ·
Greene County Bancorp reports Q3 net income of $12.5M, up 41% from prior year
GCBCGreene County Bancorp Inc
Greene County Bancorp reported net income of $12.5 million, or $0.73 per share, for the quarter ended September 30, 2026, a 41% increase from $8.9 million in the same period last year. Net interest income rose to $21.9 million as yields on assets increased and deposit costs declined, while the provision for credit losses resulted in a benefit of $432,000 compared to a charge of $1.3 million previously. Total assets reached a record high of $3.2 billion, supported by loan growth of $23.1 million and deposit increases of $134.4 million. The company also announced that its primary banking subsidiary has changed its name from Bank of Greene County to Bank of Greene, with a corresponding shareholder vote on changing the holding company's name expected in November 2026. Greene County Bancorp operates as a community bank serving the Hudson Valley and Capital Region of New York.