Generations Bancorp Ny Inc Financials
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).
Funding-cost pressure flipped profit to loss as liability-funded asset growth left the bank with thinner earnings tolerance.
A ROA of-0.4% turned into a much steeper ROE loss of-4.2% , showing how a small asset-level earnings shortfall was magnified once it hit equity. That amplification mattered more because debt to equity rose to 10.3x from 7.7x, meaning the balance sheet got heavier without a matching expansion in capital cushion.
Funding costs became the clearest earnings squeeze: interest expense reached
Cash generation stayed positive despite the net loss, with operating cash flow at
Financial Health Signals
Based on FY2023 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Generations Bancorp Ny Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Generations Bancorp Ny Inc's revenue declined 7.3% year-over-year, from $2.0M to $1.9M. This contraction results in a growth score of 18/100.
Generations Bancorp Ny Inc has elevated debt relative to equity (D/E of 10.26), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Generations Bancorp Ny Inc converts 88.9% of revenue into free cash flow ($1.7M). This strong cash generation earns a score of 100/100.
Generations Bancorp Ny Inc generates a -4.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 2.9% the prior year.
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.
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
Earnings & Revenue
Generations Bancorp Ny Inc generated $1.9M in revenue in fiscal year 2023. This represents a decrease of 7.3% from the prior year.
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.
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 & Balance Sheet
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.
Generations Bancorp Ny Inc held $14.5M in cash against $0 in long-term debt as of fiscal year 2023.
Generations Bancorp Ny Inc had 2M shares outstanding in fiscal year 2023. This represents a decrease of 4.8% from the prior year.
Margins & Returns
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.
Generations Bancorp Ny Inc's ROE was -4.2% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 7.1 percentage points from the prior year.
Capital Allocation
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.
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 | Q2'24 | Q1'24 | Q4'23 | 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 | $1.1M-2.0% | $1.1M-43.0% | $1.9M+36.5% | $1.4M+5.4% | $1.3M-5.0% | $1.4M+12.8% | $1.2M+0.2% | $1.2M |
| 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 | Q2'24 | Q1'24 | Q4'23 | 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 | Q2'24 | Q1'24 | Q4'23 | 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 | Q2'24 | Q1'24 | Q4'23 | 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 | -2.4%-0.9pp | -1.5%+0.1pp | -1.6%+0.2pp | -1.8%-1.4pp | -0.4%-0.0pp | -0.4%-0.5pp | 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 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 return on equity (ROE)?
Generations Bancorp Ny Inc (GBNY) has a return on equity of -4.2% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
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.
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 to 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.
How financially healthy is Generations Bancorp Ny Inc?
Generations Bancorp Ny Inc (GBNY) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.