secwatch.observer — SEC 8-K summary
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Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001140361-24-043870
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124043870/0001140361-24-043870-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036124043870/ef20037543_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-043870

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