---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-035873"
form_type: "8-K"
ticker: "GCBC"
cik: "0001070524"
company_name: "GREENE COUNTY BANCORP INC"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T03:56:36.055158+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-035873
- form_type: 8-K
- ticker: GCBC
- cik: 0001070524
- company_name: GREENE COUNTY BANCORP INC
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/0001140361-23-035873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/brhc20056308_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-035873
- JSON: https://secwatch.observer/filing/0001140361-23-035873.json
- Plain text: https://secwatch.observer/filing/0001140361-23-035873.txt

## Key facts
- Earnings Releases
  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
  source text: Net Income: New high of $30.8 million for the fiscal year ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/0001140361-23-035873-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/0001140361-23-035873-index.htm

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