Greene County Bancorp Q1 net income $9.0M, EPS $1.06 (+27% YoY); Piper Sandler Sm-All Stars 6th year

GREENE COUNTY BANCORP INC

2023-Q1 EPS reported $1.06

Net income $9.0M ($1.06 EPS) vs $7.1M ($0.84) prior year, up 27%.
Net interest income rose $1.4M to $15.8M; net interest margin compressed to 2.58% from 2.67%.
Provision for loan losses was a benefit of $499K vs charge of $988K year ago; nonperforming loans fell to $5.4M.
Loans grew $98.5M to $1.3B (8.0% QoQ); deposits rose $114.3M to $2.3B.
Named to Piper Sandler Sm-All Stars Class of 2022 for sixth consecutive year.

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