secwatch.observer — SEC 8-K summary
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Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001140361-23-035873
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/0001140361-23-035873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036123035873/brhc20056308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-035873

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