Greene County Bancorp Q3 net income drops 27% to $5.9M; EPS $0.34

GREENE COUNTY BANCORP INC

2024-Q3 EPS reported $1.06

Net income Q3 FY2024: $5.9M ($0.34 per share) vs $8.1M ($0.48) a year ago.
Nine-month net income $18.0M ($1.06 per share) vs $24.3M ($1.43), down 25.9%.
Net interest margin fell to 1.90% from 2.43% due to higher deposit costs and inverted yield curve.
Total assets $2.9B and net loans $1.5B, both record highs; deposits up 4.9% to $2.6B.
Opened new Capital Region Banking Center in Albany, NY on March 19, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GREENE COUNTY BANCORP INC reported three months ended March 31, 2024 results: net income $5.9 million, EPS $0.34 per basic and diluted share.

Period: three months ended March 31, 2024
Net income: $5.9 million
EPS: $0.34 per basic and diluted share
Result: reported results

Exact text from the filing

Net income for the three and nine months ended March 31, 2024 was $5.9 million, or $0.34 per basic and diluted share, and $18.0 million, or $1.06 per basic and diluted share, respectively, as compared to $8.1 million, or $0.48 per basic and diluted share, and $24.3 million, or $1.43 per basic and diluted share, for the three and nine months ended March 31, 2023, respectively.

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Source: SEC EDGAR

accession 0001140361-24-021236

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