Generations Bancorp Ny Inc Financials

GBNY

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2024 Currency USD FYE December

This page shows Generations Bancorp Ny Inc (GBNY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Generations Bancorp Ny Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-1.30x

For every $1 of reported earnings, Generations Bancorp Ny Inc generates $-1.30 in operating cash flow ($2.0M OCF vs -$1.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$1.9M

YoY-7.3%

Generations Bancorp Ny Inc generated $1.9M in revenue in fiscal year 2023. This represents a decrease of 7.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$1.7M

YoY-57.1%

Generations Bancorp Ny Inc generated $1.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 57.1% from the prior year.

Net Income

-$1.6M

YoY-244.2%

Generations Bancorp Ny Inc reported -$1.6M in net income in fiscal year 2023. This represents a decrease of 244.2% from the prior year.

EPS (Diluted)

$-0.72

YoY-253.2%

Generations Bancorp Ny Inc earned $-0.72 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 253.2% from the prior year.

Cash & Debt

$14.5M

YoY+81.5%

Generations Bancorp Ny Inc held $14.5M in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

YoY-4.8%

Generations Bancorp Ny Inc had 2M shares outstanding in fiscal year 2023. This represents a decrease of 4.8% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-83.4%

YoY-137.0pp

Generations Bancorp Ny Inc's net profit margin was -83.4% in fiscal year 2023, showing the share of revenue converted to profit. This is down 137.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$1.1M

YoY-42.6%

Generations Bancorp Ny Inc spent $1.1M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 42.6% from the prior year.

Capital Expenditures

$367K

YoY-20.4%

Generations Bancorp Ny Inc invested $367K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 20.4% from the prior year.

GBNY Income Statement

Metric	FY23	FY22	FY21	FY20	FY19
Revenue	$1.9M-7.3%	$2.0M-11.6%	$2.3M-1.0%	$2.3M-15.3%	$2.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$7.6M+291.8%	$1.9M+14.8%	$1.7M-42.4%	$2.9M-7.6%	$3.2M
Income Tax	-$425K-296.8%	$216K-23.7%	$283K+372.1%	-$104K+32.9%	-$155K
Net Income	-$1.6M-244.2%	$1.1M-23.1%	$1.4M-19.2%	$1.7M+1909.2%	$87K
EPS (Diluted)	$-0.72-253.2%	$0.47-21.7%	$0.60-15.5%	$0.71	N/A

Metric	Q2'24	Q1'24	Q2'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Revenue	$367K+15.8%	$317K-5.7%	$336K-6.1%	$358K-48.4%	$694K+41.3%	$491K+4.0%	$472K+2.8%	$459K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2.5M-3.5%	$2.6M-0.4%	$2.6M+22.1%	$2.1M+31.2%	$1.6M+29.6%	$1.2M+46.8%	$850K+121.9%	$383K
Income Tax	-$260K-53.8%	-$169K-0.6%	-$168K+1.8%	-$171K-271.7%	-$46K-15.0%	-$40K-600.0%	$8K-87.9%	$66K
Net Income	-$841K-54.3%	-$545K+10.1%	-$606K+5.8%	-$643K-287.3%	-$166K-9.2%	-$152K-430.4%	$46K-84.7%	$300K
EPS (Diluted)	$-0.39-56.0%	$-0.25	N/A	$-0.30-328.6%	$-0.070.0%	$-0.07	N/A	$0.13

GBNY Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19
Total Assets	$424.5M+9.9%	$386.3M+1.9%	$378.9M+1.4%	$373.8M+7.6%	$347.5M
Current Assets	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$14.5M+81.5%	$8.0M-61.9%	$21.0M-21.7%	$26.8M+99.5%	$13.4M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	$0-100.0%	$792K0.0%	$792K0.0%	$792K0.0%	$792K
Total Liabilities	$386.8M+10.8%	$349.0M+4.0%	$335.5M-2.5%	$343.9M+7.7%	$319.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$37.7M+1.0%	$37.3M-14.1%	$43.5M+45.5%	$29.9M+5.9%	$28.2M
Retained Earnings	$21.0M-6.7%	$22.5M+3.9%	$21.7M+7.0%	$20.3M+9.1%	$18.6M

Metric	Q2'24	Q1'24	Q2'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Total Assets	$401.8M-2.2%	$410.8M-3.2%	$424.5M+3.9%	$408.7M+3.5%	$394.9M+1.5%	$389.2M+0.8%	$386.3M+3.4%	$373.6M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$9.8M+67.9%	$5.9M-59.7%	$14.5M+163.4%	$5.5M+4.6%	$5.3M-12.8%	$6.0M-24.5%	$8.0M+8.2%	$7.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0	N/A	$0	N/A	N/A	$792K0.0%	$792K0.0%	$792K
Total Liabilities	$366.2M-2.1%	$373.9M-3.3%	$386.8M+3.5%	$373.8M+4.4%	$358.0M+1.8%	$351.7M+0.8%	$349.0M+3.9%	$336.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$35.5M-3.7%	$36.9M-2.1%	$37.7M+7.9%	$35.0M-5.3%	$36.9M-1.6%	$37.5M+0.5%	$37.3M-0.9%	$37.7M
Retained Earnings	$19.6M-4.1%	$20.5M-2.6%	$21.0M-2.8%	$21.6M-2.7%	$22.2M-0.6%	$22.4M-0.7%	$22.5M+0.1%	$22.5M

GBNY Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.0M-53.2%	$4.3M+27.9%	$3.4M+240.9%	$998K-26.9%	$1.4M
Capital Expenditures	$367K-20.4%	$461K+8.5%	$425K+84.0%	$231K-71.4%	$809K
Free Cash Flow	$1.7M-57.1%	$3.9M+30.6%	$3.0M+288.1%	$767K+37.9%	$556K
Investing Cash Flow	-$31.8M-6.4%	-$29.8M-135.7%	-$12.7M-21.7%	-$10.4M+59.7%	-$25.8M
Financing Cash Flow	$36.2M+190.2%	$12.5M+265.1%	$3.4M-85.0%	$22.8M-20.7%	$28.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.1M-42.6%	$1.9M	N/A	$41K0.0%	$41K

Metric	Q2'24	Q1'24	Q2'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Operating Cash Flow	$1.6M+243.8%	-$1.1M-179.1%	$1.4M+169.2%	-$2.0M-177.3%	$2.6M+4012.7%	$63K-95.9%	$1.5M+14.2%	$1.3M
Capital Expenditures	$20K+233.3%	$6K-96.6%	$176K+665.2%	$23K+9.5%	$21K-85.7%	$147K-39.3%	$242K+1323.5%	$17K
Free Cash Flow	$1.6M+241.3%	-$1.1M-191.2%	$1.2M+159.7%	-$2.0M-178.8%	$2.6M+3159.5%	-$84K-106.5%	$1.3M-2.6%	$1.3M
Investing Cash Flow	$11.5M+163.6%	$4.4M+199.4%	-$4.4M+69.3%	-$14.3M-79.4%	-$8.0M-57.7%	-$5.1M+59.5%	-$12.5M+2.5%	-$12.8M
Financing Cash Flow	-$9.1M+23.7%	-$11.9M-199.3%	$12.0M-27.5%	$16.6M+258.7%	$4.6M+52.1%	$3.0M-73.8%	$11.6M+95.4%	$5.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$2K-99.7%	$645K+86.4%	$346K+327.2%	$81K-65.4%	$234K-66.5%	$698K

GBNY Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	-83.4%-137.0pp	53.6%-8.0pp	61.7%-13.8pp	75.5%+72.3pp	3.2%
Return on Equity	N/A	2.9%-0.3pp	3.3%-2.6pp	5.9%+5.5pp	0.3%
Return on Assets	-0.4%-0.7pp	0.3%-0.1pp	0.4%-0.1pp	0.5%+0.4pp	0.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.26+0.9	9.35+1.6	7.72-3.8	11.51+0.2	11.31
FCF Margin	88.9%-103.1pp	191.9%+62.0pp	129.9%+96.8pp	33.1%+12.8pp	20.3%

Metric	Q2'24	Q1'24	Q2'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-229.2%-57.2pp	-171.9%+8.4pp	-180.4%-0.8pp	-179.6%-155.7pp	-23.9%+7.0pp	-31.0%-40.7pp	9.8%-55.6pp	65.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	0.1%-0.7pp	0.8%
Return on Assets	-0.2%-0.1pp	-0.1%+0.0pp	-0.1%+0.0pp	-0.2%-0.1pp	-0.0%0.0pp	-0.0%-0.1pp	0.0%-0.1pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.30+0.2	10.13-0.1	10.26-0.4	10.69+1.0	9.70+0.3	9.37+0.0	9.35+0.4	8.92
FCF Margin	424.5%+772.5pp	-347.9%-708.1pp	360.1%+926.0pp	-565.9%-936.2pp	370.3%+387.4pp	-17.1%-290.8pp	273.7%-15.2pp	288.9%

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Frequently Asked Questions

What is Generations Bancorp Ny Inc's annual revenue?

Generations Bancorp Ny Inc (GBNY) reported $1.9M in total revenue for fiscal year 2023. This represents a -7.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Generations Bancorp Ny Inc's revenue growing?

Generations Bancorp Ny Inc (GBNY) revenue declined by 7.3% year-over-year, from $2.0M to $1.9M in fiscal year 2023.

Is Generations Bancorp Ny Inc profitable?

No, Generations Bancorp Ny Inc (GBNY) reported a net income of -$1.6M in fiscal year 2023, with a net profit margin of -83.4%.

What is Generations Bancorp Ny Inc's earnings per share (EPS)?

Generations Bancorp Ny Inc (GBNY) reported diluted earnings per share of $-0.72 for fiscal year 2023. This represents a -253.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Generations Bancorp Ny Inc's net profit margin?

Generations Bancorp Ny Inc (GBNY) had a net profit margin of -83.4% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Generations Bancorp Ny Inc's free cash flow?

Generations Bancorp Ny Inc (GBNY) generated $1.7M in free cash flow during fiscal year 2023. This represents a -57.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Generations Bancorp Ny Inc's operating cash flow?

Generations Bancorp Ny Inc (GBNY) generated $2.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Generations Bancorp Ny Inc's total assets?

Generations Bancorp Ny Inc (GBNY) had $424.5M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Generations Bancorp Ny Inc's capital expenditures?

Generations Bancorp Ny Inc (GBNY) invested $367K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

Does Generations Bancorp Ny Inc buy back shares?

Yes, Generations Bancorp Ny Inc (GBNY) spent $1.1M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

How many shares does Generations Bancorp Ny Inc have outstanding?

Generations Bancorp Ny Inc (GBNY) had 2M shares outstanding as of fiscal year 2023.

What is Generations Bancorp Ny Inc's debt-to-equity ratio?

Generations Bancorp Ny Inc (GBNY) had a debt-to-equity ratio of 10.26 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Generations Bancorp Ny Inc's return on assets (ROA)?

Generations Bancorp Ny Inc (GBNY) had a return on assets of -0.4% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Generations Bancorp Ny Inc's Piotroski F-Score?

Generations Bancorp Ny Inc (GBNY) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Generations Bancorp Ny Inc's earnings high quality?

Generations Bancorp Ny Inc (GBNY) has an earnings quality ratio of -1.30x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.