Greene County Bancorp reports record FY net income of $30.8M, up 10% YoY

GREENE COUNTY BANCORP INC

2023-FY EPS reported $1.81

FY 2023 net income $30.8M ($1.81 EPS), up 10% from $28.0M ($1.64 EPS) in FY 2022.
Total assets $2.7B, deposits $2.4B (+10.1%), loans $1.4B (+12.9%) at June 30, 2023.
Net interest margin fell to 2.24% in Q4 2023 from 2.50% in Q4 2022 as deposit costs rose faster.
Loan loss provision: $1.1M benefit in FY 2023 vs $3.3M charge in FY 2022; nonperformers decreased.
Opened 18th branch in East Greenbush, NY, expanding into Rensselaer County.

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 0.9

GREENE COUNTY BANCORP INC reported the fiscal year ended June 30, 2023 results: net income $30.8 million, EPS $1.81 per basic and diluted share.

Period: the fiscal year ended June 30, 2023
Net income: $30.8 million
EPS: $1.81 per basic and diluted share
Result: reported results

Exact text from the filing

Net Income: New high of $30.8 million for the fiscal year ended June 30, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREENE COUNTY BANCORP INC reported the quarter ended June 30, 2023 results: net income $6.5 million, EPS $0.38 per basic and diluted share.

Period: the quarter ended June 30, 2023
Net income: $6.5 million
EPS: $0.38 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the quarter and fiscal year ended June 30, 2023 was $6.5 million, or $0.38 per basic and diluted share, and $30.8 million, or $1.81 per basic and diluted share, respectively, as compared to $6.8 million, or $0.40 per basic and diluted share, and $28.0 million, or $1.64 per basic and diluted share, for the quarter and fiscal year ended June 30, 2022, respectively.

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Source: SEC EDGAR

accession 0001140361-23-035873

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