---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-021236"
form_type: "8-K"
ticker: "GCBC"
cik: "0001070524"
company_name: "GREENE COUNTY BANCORP INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:17:33.266301+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-24-021236
- form_type: 8-K
- ticker: GCBC
- cik: 0001070524
- company_name: GREENE COUNTY BANCORP INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070524/000114036124021236/0001140361-24-021236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070524/000114036124021236/ef20027493_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-021236
- JSON: https://secwatch.observer/filing/0001140361-24-021236.json
- Plain text: https://secwatch.observer/filing/0001140361-24-021236.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070524/000114036124021236/0001140361-24-021236-index.htm

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