---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-043870"
form_type: "8-K"
ticker: "GCBC"
cik: "0001070524"
company_name: "GREENE COUNTY BANCORP INC"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:26:04.548327+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# GCBC Q1 net income $6.3M ($0.37 EPS), down 3.2% YoY; record assets $2.9B

## Summary
- Net income $6.3M vs $6.5M YoY; diluted EPS $0.37 vs $0.38; net interest income $13.1M, down $303K.
- Total assets $2.9B (+1.7% QoQ), net loans $1.5B, deposits $2.5B – all record highs.
- Pre-provision net income $6.9M, flat YoY; provision for loan losses $634K vs $457K.
- Net interest margin compressed to 2.03% from 2.12% YoY; tax-equivalent margin 2.29%.
- Noninterest income up 13.3% to $3.7M; expenses up 8.0% to $9.6M on salary and data processing costs.

## SEC filing metadata
- accession: 0001140361-24-043870
- form_type: 8-K
- ticker: GCBC
- cik: 0001070524
- company_name: GREENE COUNTY BANCORP INC
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070524/000114036124043870/0001140361-24-043870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070524/000114036124043870/ef20037543_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-043870
- JSON: https://secwatch.observer/filing/0001140361-24-043870.json
- Plain text: https://secwatch.observer/filing/0001140361-24-043870.txt

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