secwatch.observer — SEC 8-K summary
======================================

Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001140361-24-021236
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124021236/0001140361-24-021236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124021236/ef20027493_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-021236

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer