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

Extracted from this filing and checked against the source text.

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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