---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-002283"
form_type: "8-K"
ticker: "GCBC"
cik: "0001070524"
company_name: "GREENE COUNTY BANCORP INC"
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:14:19.015129+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-002283
- form_type: 8-K
- ticker: GCBC
- cik: 0001070524
- company_name: GREENE COUNTY BANCORP INC
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070524/000114036123002283/0001140361-23-002283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070524/000114036123002283/brhc10046861_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-002283
- JSON: https://secwatch.observer/filing/0001140361-23-002283.json
- Plain text: https://secwatch.observer/filing/0001140361-23-002283.txt

## Key facts
- Earnings Releases
  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
  source text: Greene County Bancorp, Inc. issued a press release disclosing financial results for the three and six months ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070524/000114036123002283/0001140361-23-002283-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.