Recent Updates — GCBC
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.
The Board of Directors approved a quarterly cash dividend of $0.11 per share on common stock, maintaining the annual rate at $0.44. The payment is for the quarter ended September 30, 2026, with shareholders of record as of November 13, 2026, and expected payment on November 27, 2026. The majority shareholder, Greene County Bancorp MHC, will waive its right to receive this dividend. Greene County Bancorp is the holding company for Bank of Greene and provides community-based banking services in New York.
On September 15, 2026, Greene County Bancorp redeemed $10.0 million in aggregate principal amount of its outstanding 3.00% Fixed-to-Floating Rate Subordinated Notes due September 15, 2031. The redemption price was equal to 100% of the principal amount plus accrued and unpaid interest through the redemption date. Following this transaction, $20.0 million in aggregate principal amount of the notes remains outstanding. The company funded the redemption using cash on hand. Greene County Bancorp operates as a bank holding company providing financial services.
Greene County Bancorp, Inc. reported record net income of $41.0 million for the fiscal year ended June 30, 2026, and $11.3 million for the quarter ended June 30, 2026. Total assets reached a record $3.2 billion, with net loans at $1.7 billion and total deposits at $2.7 billion. The company declared a quarterly dividend of $0.10 per share. The company operates as a bank holding company providing community-based banking services in New York State.
Greene County Bancorp, Inc. announced a 10.0% increase in its quarterly cash dividend, raising it from $0.40 to an annual rate of $0.44 per share, or $0.11 per share for the quarter ended June 30, 2026. The dividend is payable to shareholders of record as of August 14, 2026, with a payment date of August 31, 2026. Greene County Bancorp, Inc. is a financial services holding company providing community-based banking services in New York State.