---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-003393"
form_type: "8-K"
ticker: "GCBC"
cik: "0001070524"
company_name: "GREENE COUNTY BANCORP INC"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:46:36.365602+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greene County Bancorp reports net income $12.2M for H1 FY2024, down 25% YoY

## Summary
- Net income $12.2M ($0.72 EPS) for six months ended Dec 31, 2023 vs $16.2M ($0.95 EPS) prior year.
- Net interest income fell $5.9M to $25.9M; net interest margin 2.03% vs 2.57% a year ago.
- Total assets hit record $2.7B; net loans record $1.4B, up 3.6% from June 30, 2023.
- Deposits decreased $102.3M (4.2%) to $2.3B; brokered deposits increased to $64.1M.
- Nonperforming loans stable at $5.6M; allowance for credit losses at 1.39% of total loans.

## SEC filing metadata
- accession: 0001140361-24-003393
- form_type: 8-K
- ticker: GCBC
- cik: 0001070524
- company_name: GREENE COUNTY BANCORP INC
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1070524/000114036124003393/0001140361-24-003393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070524/000114036124003393/ef20019527_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-003393
- JSON: https://secwatch.observer/filing/0001140361-24-003393.json
- Plain text: https://secwatch.observer/filing/0001140361-24-003393.txt

## Key facts
- Earnings Releases
  GREENE COUNTY BANCORP INC reported three and six months ended December 31, 2023 results: net income $12.2 million, EPS $0.72 per basic and diluted share.
  - Period: three and six months ended December 31, 2023
  - Net income: $12.2 million
  - EPS: $0.72 per basic and diluted share
  - Result: reported results
  source text: Greene County Bancorp, Inc. Reports Net Income of $12.2 million for the Six Months Ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070524/000114036124003393/0001140361-24-003393-index.htm

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