secwatch.observer — SEC 8-K summary
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Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001140361-24-003393
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124003393/0001140361-24-003393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124003393/ef20019527_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-003393

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