Greene County Bancorp reports record net income of $16.2M for H1 FY2023; EPS $1.91

GREENE COUNTY BANCORP INC

2023-Q2 EPS reported $1.91

Net income for six months ended Dec 31, 2022: $16.2M ($1.91 EPS), up 16% from $14.0M ($1.64 EPS) YoY; Q2 net income $7.2M ($0.85 EPS).
Total assets $2.6B; net loans grew 11.3% to $1.4B, led by $110M commercial real estate loans.
Provision for loan losses was a $255K benefit for six months vs $2.3M charge YoY; nonperforming loans fell to 0.39% of net loans.
Net interest margin narrowed 4 bps to 2.57% for six months due to higher deposit costs; noninterest expense included $1.2M litigation reserve.
Deposits grew 2.4% to $2.3B; shareholders' equity rose to $168.2M from $157.7M at June 30, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GREENE COUNTY BANCORP INC reported the three and six months ended December 31, 2022 results: net income $7.2 million, or $0.85 per basic and diluted share, and $16.2 million, or $1.91 per basic and diluted share.

Period: the three and six months ended December 31, 2022
Net income: $7.2 million, or $0.85 per basic and diluted share, and $16.2 million, or $1.91 per basic and diluted share
Result: reported results

Exact text from the filing

Greene County Bancorp, Inc. issued a press release disclosing financial results for the three and six months ended December 31, 2022.

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Source: SEC EDGAR

accession 0001140361-23-002283

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