secwatch.observer — SEC 8-K summary
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Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001140361-25-001581
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greene County Bancorp Q2 net income $7.5M, up 31% YoY; record assets $2.97B
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- Net income $7.5M ($0.44 per share) for Dec 31, 2024 quarter vs $5.7M ($0.34) a year ago; six-month net income $13.8M.
- Total assets $2.97B (record), net loans $1.53B (record), deposits $2.47B at Dec 31, 2024.
- Net interest margin improved to 2.04% for quarter from 1.94% a year ago; net interest income up $1.7M to $14.1M.
- Provision for credit losses on loans $505K for quarter vs $183K prior; allowance 1.30% of loans.
- Noninterest income up 11.4% to $3.9M; noninterest expense up 0.6% to $9.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036125001581/0001140361-25-001581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036125001581/ef20041976_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001581

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