secwatch.observer — SEC 8-K summary
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Issuer:     GREENE COUNTY BANCORP INC (GCBC)
CIK:        0001070524
Form:       8-K
Filed at:   2026-07-23T19:41:43+00:00
Accession:  0001140361-26-029411
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greene County Bancorp reports record FY2026 net income of $41.0M, up 31.7% YoY
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- Net income $41.0M ($2.41 EPS) vs $31.1M ($1.83 EPS) in FY2025; quarterly net income $11.3M ($0.67 EPS).
- Total assets $3.2B, net loans $1.7B, deposits $2.7B; all record highs.
- Net interest margin expanded 46 bps to 2.65% for FY2026; net interest income up $17.8M to $77.9M.
- Provision for credit losses $2.0M (up from $1.3M) driven by loan growth; nonperforming loans $3.9M (0.23% of net loans).
- Company redeemed $20M subordinated notes in Oct 2025; terminated defined benefit pension plan with $905K non-cash charge.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070524/000114036126029411/0001140361-26-029411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070524/000114036126029411/ef20078633_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-029411

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